Stocks in Focus on April 20, 2020: KTC and BPC
Stocks in Focus on April 20, 2020: KTC (Asia Wealth Securities TP at ฿45.00/share) and BPC (KGI Securities TP at ฿25.00/share).
Stocks in Focus on April 20, 2020: KTC (Asia Wealth Securities TP at ฿45.00/share) and BPC (KGI Securities TP at ฿25.00/share).
20 เม.ย. 2563

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 20, 2020.
 
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Krungthai Card Public Company Limited (KTC) with a target price at ฿45.00/share.
AWS recommends the Buy on Weakness strategy for KTC after the company reported a 1Q20 net profit of Bt1.6bn, up by YoY and QoQ due to increased interest income and reduced reserve expenses. Loan at 1Q20 stood at Bt82bn, up by 9.2%YoY. 1Q20 NIM increased 21 bps YoY and 21 bps QoQ at 15.6%, but NPL also increased to 4.1% due to TFRS9, The impact of COVID-19 is expected to show a clear result in the 2Q20, but it is believed to be short-term negative.
 
KGI Securities (KGI) has given an “Outperform” rating on Bangchak Corporation Public Company Limited (BPC) with a target price at ฿25.00/share.
KGI expects BCP to post a 1Q20 net loss of Bt3.7bn, dropping significantly from net profits of Bt214mn in 1Q19 and Bt620mn in 4Q19. The plunge YoY and QoQ would be mainly due to a huge stock loss of Bt3.9bn.
However, KGI maintains a rating of Outperform on the counter with an unchanged target price of Bt25.00, based on SoTP methodology. KGI recommends accumulating gradually after the poor 1Q20 performance is announced as KGI expects materially better earnings in 2Q20 as Saudi Arabia announced a discount of US$7.3/bbl for its official selling price to Asia markets.
 