Stocks in Focus on December 13, 2019: TU and PRM
Stocks in Focus on December 13, 2019: TU (Krungsri Securities TP at ฿18.10/share) and PRM (Kasikorn Securities TP at ฿11.40/share).
Stocks in Focus on December 13, 2019: TU (Krungsri Securities TP at ฿18.10/share) and PRM (Kasikorn Securities TP at ฿11.40/share).
13 ธ.ค. 2562

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on December 13, 2019.
 
Krungsri Securities (KSS) has given a “Trading Buy” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿18.10/share.
KSS states that the recent correction in share price is excessive, suggesting limited downside from here. The weaker THB against EUR means higher earnings in baht while the margin was supported by the tuna cost which remains flat at US$900/ton, but still lower than the same period of last year which was US$1,400.
 
Kasikorn Securities (KS) has given a recommendation on Prima Marine Public Company Limited (PRM) with a target price at ฿11.40/share.
KS expects that PRM’s 4Q19 earnings will likely grow further on a full-quarter recognition of revenue from two newly-acquired FSU vessels, while 2020 growth is estimated at 31% YoY. FSU demand should remain solid, which would support the company’s plan to acquire eight more vessels next year for its tanker and FSU businesses.
 