Stocks in Focus on December 18, 2019: PTTGC and DTAC

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on December 18, 2019.

 

Maybank Kim Eng has given a recommendation on PTT Global Chemical Public Company Limited (PTTGC) with a consensus target price at ฿58.00/share.

Maybank expects EBITDA to grow +15% YoY with core earnings growth of +32% YoY in 2020 driven by supply expected to gradually recover after the United States and China have reached a phase 1 trade agreement. While in the short-term there may be a slight reduction in production capacity after the spread has contracted to a below the breakeven point. Therefore, it is expected to be short-term positive psychology for speculation.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Total Access Communication Public Company Limited (DTAC) with a target price at ฿70.00/share.

KSS expects the Office of The National Broadcasting and Telecommunications Commission (NBTC) to remove the bidding for 700MHz from the upcoming 5G auction along with the extension permit for the already allocated 700MHz spectrum will help in reducing the cost of investment and the depreciation for operators. The lower the profit-based the higher benefit the operator will get.