Stocks in Focus on September 29, 2020: KTC and KBANK
Stocks in Focus on September 29, 2020: KTC (Maybank Kim Eng TP at ฿37.00/share) and KBANK (Krungsri Securities TP at ฿96.80/share).
Stocks in Focus on September 29, 2020: KTC (Maybank Kim Eng TP at ฿37.00/share) and KBANK (Krungsri Securities TP at ฿96.80/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 29, 2020.
 
Maybank Kim Eng has given a “BUY” recommendation on Krungthai Card Public Company Limited (KTC) with a target price at ฿37.00/share.
Maybank stated that the credit card spending turned to flat YoY in Aug-20. However, bad debt recovery and new NPL formation improved in 3Q20. Meanwhile, KTC has upside risk from entering the auto-title loan segment which should boost profit in mid-term.
 
Krungsri Securities (KSS) has given a “BUY” recommendation on Kasikornbank Public Company Limited (KBANK) with a target price at ฿96.80/share.
KSS stated that the valuation of KBANK at 0.45x P/BVis attractive, which is the lowest level since the 1997 crisis. Furthermore, beta is the highest (1.2) among SETBANK components, which suggests KBANK could outperform when the sector swings up.