Stocks in Focus on February 3, 2020: TISCO and TVO
Stocks in Focus on February 3, 2020: TISCO (Maybank Kim Eng TP at ฿105.00/share) and TVO (TISCO Securities TP at ฿34.00/share).
Stocks in Focus on February 3, 2020: TISCO (Maybank Kim Eng TP at ฿105.00/share) and TVO (TISCO Securities TP at ฿34.00/share).
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Kaohoon Online has selected stocks with a potential of high growth for investors to consider on February 3, 2020.
 
Maybank Kim Eng has given a recommendation on Tisco Financial Group Public Company Limited with a target price at ฿105.00/share
In the analysis, given the weak domestic economy, Maybank sess that it will add the opportunity that policy interest rate should be cut on Feb 5. This is positive to stocks that offer high dividend. Maybank forecasts TISCO to pay an annual dividend yield of 6.8%, with good quality asset  and NIM likely to increase.
 
Tisco Securities has upgraded recommendation on Thai Vegetable Oil Public Company Limited (TVO) to “BUY” with a target price at ฿34.00/share.
Tisco states that after an expectation of weak 4Q19F, the revenue in 2020F should rebound with an increase of 28% YoY. The increase is mainly due to 1) Higher demand in animal feed without impact from African Swine Fever 2) Higher palm oil price in domestic 3) Lower supply of soybean in the U.S. due to drought and 4) An increase of production capacity from 500 tonnes/day to 6,500 tonnes/day. Tisco expects ฿0.75/share dividend payment from the operation in 2H19F.
 