Stocks in Focus on November 7, 2019: ITEL and COM7
Stocks in Focus on November 7, 2019: ITEL (Finansia Syrus Securities TP ฿3.80/share) and COM7 (KGI Securities TP ฿31.00/share).
Stocks in Focus on November 7, 2019: ITEL (Finansia Syrus Securities TP ฿3.80/share) and COM7 (KGI Securities TP ฿31.00/share).
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Kaohoon Online has selected stocks with a potential of high growth for investors to consider on November 7, 2019.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Interlink Telecom Public Company Limited (ITEL) with a target price at ฿3.80/share.
FSS estimates ITEL’s 3Q19 profit to be positive to record at 50 million baht, increasing 7% QoQ and 47% YoY due to the completion of the installation of NBTC’s Universal Service Obligation (USO) network phase 2 and DMS. Meanwhile the data services and data center businesses are ITEL’s recurring income which has a portion of 40% in its total revenue. Moreover, FSS expected the net profit in 2019 increase by 35% to 179 million baht, which is a fast growth since entering the market in 2016 with a net profit of 67 million baht.
 
KGI Securities Company Limited (KGI) has reiterated an “Outperform” rating on COM7 Public Company Limited (COM7) with a target price at ฿31.00/share.
KGI forecasts COM7 to report a new record net profit of Bt301mn (+27.7% YoY, +2.2% QoQ) for 3Q19. The impressive improvement YoY would be largely driven by rising demand for mobile and wearable products, in line with the global trend.
Moreover, KGI expects its earnings to reach another milestone in 4Q19. Rolling over its base year to the end of 2020, KGI derives a new target price of Bt31.00, and maintain a rating of Outperform.