Stocks in Focus on November 6, 2019: PRM and SCC
Stocks in Focus on November 6, 2019: PRM (Kasikorn Securities TP ฿10.60/share) and SCC (Maybank Kim Eng TP ฿420.00/share).
Stocks in Focus on November 6, 2019: PRM (Kasikorn Securities TP ฿10.60/share) and SCC (Maybank Kim Eng TP ฿420.00/share).
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Kaohoon Online has selected stocks with a potential of high growth for investors to consider on November 6, 2019.
 
Kasikorn Securities (KS) has rated Prima Marine Public Company Limited (PRM) “Outperform” with a target price of ฿10.60/share.
KS estimates 3Q19 normalized profit at Bt271mn, +57% YoY on its acquisition of four vessels and an additional 10% stake in Big Sea. KS sees a potential freight rate hike amid tighter FSU supply and sanctions on Cosco. The stock trades at an inexpensive 14.3x 2020E PER Vs 29% EPS growth in 2020E
 
Maybank Kim Eng has recommended The Siam Cement Public Company Limited (SCC) with a target price at ฿420.00/share.
Maybank expects FY2020 earnings growth of 17% YoY due to a lack of extra items (employee benefit required by labour law and write off asset). We forecast HDPE spread to increase from the current level (USD350/tonne, below break even price of USD400/tonne) due to higher demand thanks to improving trade war situation. The stock is trading at FY2020P/E of 12x, earnings growth of 17% YoY, dividend yield for 2H19 at 1.8%.