Stocks in Focus on February 26, 2020: SISB and ERW
Stocks in Focus on February 26, 2020: SISB (Finansia Syrus Securities TP at 12.00/share) and ERW (Maybank Kim Eng TP at ฿13.20/share).
Stocks in Focus on February 26, 2020: SISB (Finansia Syrus Securities TP at 12.00/share) and ERW (Maybank Kim Eng TP at ฿13.20/share).
26 ก.พ. 2563

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on February 26, 2020.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on SISB Public Company Limited (SISB) with a target price at ฿12.00/share.
FSS states that the profit in 4Q19 announced from SISB was 6% higher than expected, which recorded at 66 million baht, increased 6% QoQ and 106% YoY. Meanwhile, SISB booked 221 million baht, increased 113% YoY. The company also offered a dividend payment at ฿0.10/share.
In the longer term, FSS expects SISB’s profit to be solid and constant while the capacity in Thonburi Campus will increase for an additional 600 students with higher-level education available from G7 to G12. The construction is expected to be completed in August 2021.
In addition, FSS forecasts 2020 net profit at 284 million baht, increasing 29% YoY while expecting even higher growth after the Thonburi Campus opens for subscription starting 4Q20.
 
Maybank Kim Eng has given a “BUY” recommendation on Erawan Group Public Company Limited (ERW) with a target price at ฿13.20/share.
Maybank maintains BUY recommendation on ERW despite lack of short-term catalysts as the share prices plunged by 38% over the past three months and are already priced in a weak outlook, COVID-19 impact and a new accounting standard “TFRS16”. ERW is a proxy of Thai tourism and should get the most benefit from Thailand tourism recovery. Maybank expects core profit to significantly jump by 146% in 2021E when the situation returns to normal.
 