Stocks in Focus on December 12, 2019: CPN and INTUCH
Stocks in Focus on December 12, 2019: CPN (Maybank Kim Eng TP at ฿87.00/share) and INTUCH (Krungsri Securities TP at ฿82.00/share).
Stocks in Focus on December 12, 2019: CPN (Maybank Kim Eng TP at ฿87.00/share) and INTUCH (Krungsri Securities TP at ฿82.00/share).
12 ธ.ค. 2562

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on December 12, 2019.
 
Maybank Kim Eng has given a recommendation on Central Pattana Public Company Limited (CPN) with a target price at ฿87.00/share.
Maybank states that higher rental and revenue recognition from condo transfer at the end of this year should boost 4Q19 earnings to grow YoY. Maybank expects core earnings should continue growing 12% YoY in 2020 driven by full-year revenue recognition from the Malaysian shopping malls and higher income from a property. This is coupled with positive psychological sentiment where the Supreme Administrative Court ordered AOT to remove all barriers blocking access to Central Village Luxury Outlet.
 
Krungsri Securities (KSS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price at ฿82.00/share.
KSS states that the share price weakness suggests the escalating competition among mobile operators has been priced-in. INTUCH currently offers attractive 4-5% annual dividend yield, limiting downside risk to the share price. Valuation discount to ADVANC is wider than before (15-20% vs 20-25% currently).