Stocks in Focus on September 20, 2019: TKN and BBL
Stocks in Focus on September 20, 2019: TKN (Aira Securities TP ฿14.00/share) and BBL (KGI Securities TP ฿227.00/share).
Stocks in Focus on September 20, 2019: TKN (Aira Securities TP ฿14.00/share) and BBL (KGI Securities TP ฿227.00/share).
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Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on September 20, 2019.
 
Aira – TKN
Aira Securities estimates that Taokaenoi Food &amp; Marketing Public Company Limited (TKN) in the long term will receive positive factors from its new partner “Pan Orion,” one of the world’s snacks producers (sales in 2017 approx. ฿60bn). In which has been expected to increase TKN’s international sales significantly in 4Q19.
In the second half of 2019, TKN’s sales in China is expected to recover due to a change of distributor after a plummet of 9% in the first half while the new TKN’s seaweed snacks has 10% lower cost of production.
Overall, TKN’s net profit is expected to grow 27% in 2019 at 605 million baht mainly from international sales. Thus, Aira recommends BUY at the target price of ฿14.00/share.
 
KGI – BBL
KGI Securities has given a target price of Bangkok Bank Public Company Limited (BBL) at ฿227.0/share minaly from the positive factor of IFRS9 measurement in 2020 while believing that the credit cost in 2020 will be manageable (could turn to extraordinary net profit). The current PBV is 0.8x (-1SD) partly from low ROE (lower than 10%). On the other hand, if ROE increases next year, it could turn positive to BBL’s PBV.
 