Stocks in Focus on September 6, 2019: MTC and TU
Stocks in Focus on September 6, 2019: MTC(Krungsri Securities TP ฿64.00/share) and TU (Krungsri Securities TP ฿22.40/share).
Stocks in Focus on September 6, 2019: MTC(Krungsri Securities TP ฿64.00/share) and TU (Krungsri Securities TP ฿22.40/share).
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Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on September 6, 2019.
 
Krungsri Securities – MTC
Krungsri Securities has recommended “BUY” Muangthai Capital Public Company Limited (MTC) with an IAA Consensus target price at ฿64.00/share. The share price already priced-in the negative sentiment from higher short-term NPL. In the second half of 2019, MTC would have positive factors from the lower interest rate, resulting in lower cost for MTC. In addition, MTC has debt and debenture to refinance around 8,700 million baht in 2020.
 
Krungsri Securities – TU
Krungsri Securities has stated in the analysis on Thai Union Group Public Company Limited (TU) with a “BUY” recommendation at a target price of ฿22.40/share, asserting that the share price edged lower from the pricing-in to reflect investors worry of baht appreciation to euro while the current euro is getting stronger. TU’s profit in the third quarter of 2019 is expected to increase outstandingly from the lower cost in tuna.
 