Stocks in Focus on December 30, 2020: CBG and STGT
Stocks in Focus on December 30, 2020: CBG (Krungsri Securities TP at ฿145.00/share) and STGT (Kasikorn Securities TP at ฿131.50/share).
Stocks in Focus on December 30, 2020: CBG (Krungsri Securities TP at ฿145.00/share) and STGT (Kasikorn Securities TP at ฿131.50/share).
30 ธ.ค. 2563

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 30, 2020.
 
Krungsri Securities (Thailand) (KSS) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with a target price at ฿145.00/share.
KSS – CBG (BUY/ TP Bt145 vs Bt119 close- 4Q20 net profit is expected to hit a new high driven by Khon La Khrueng program (50-50 scheme) and new Woody C+ Lock products. Costs will also drop because CBG has started to produce bottles in-house.
 
Kasikorn Securities (KS) has given a “BUY” recommendation on Sri Trang Gloves (Thailand) Public Company Limited (STGT) with a target price at ฿131.50/share.
KS forecasted the average selling price of STGT in 4Q20 to grow at least 50% QoQ and continue the momentum in 1Q21. KS expected STGT to benefit from the resurgence of the coronavirus outbreak, leading to higher demand. Meanwhile, STGT has the lowest valuation amid rubber-glove producers with a PER of 2021/22 at 9.1x and 3.8x, respectively, compared to an average peer at 40.1x and 9.8x.