Analyst Picks 19 Laggard Stocks with High Upside Potential, PTT-AEONTS Lead Gain

As the Covid-19 outbreak is projected to subside gradually, Asia Plus Securities (ASPS) has given a “BUY” recommendation on 19 laggard stocks with strong fundamentals and high upside, such as Aeon Thana Sinsap (Thailand) (AEONTS) with 56% upside, Ratch Group (RATCH) with 46.10% upside, PTT Exploration and Production (PTTEP) with 43.30% upside, RS with 39% upside, PTT with 38.60% upside and PYLON with 38% upside. 

Asia Plus Securities (ASPS) said that the SET Index had risen by 0.58% in three days, due to the outperformance of stocks benefiting from the city’s reopening, such as finance & securities (FIN) (up 3.7%), transportation & logistics (TRANS) (up 3.5%), media & publishing (MEDIA) (up 3.2%), construction services (CONS) (up 2.8%) and tourism & leisure (TOURISM) (up 2.4%).

At present, the Covid-19 situation is reportedly improving, so the government is anticipated to gradually ease the lockdown soon. The Prime Minister and the private sector expect lockdown easing in early-September 2021. Restaurants and banks in department stores may reopen soon. This issue has positive sentiment on stocks benefiting from city reopening.

ASPS has picked 19 stocks with solid fundamentals that already plummeted amid Covid-19, under these criteria: 1) BUY recommendation, 2) Some upside and 3) Falling more than 10% amid the third wave of virus outbreak (June 15 -August 20, 2021), as follows;

1) Major Cineplex Group (MAJOR) (TP: 24 baht, Upside: 32.6%), 2) Thai Oil (TOP) (TP: 55 baht, Upside: 23.6%), 3) RS (TP: 26 baht, Upside: 39%), 4) Sino-Thai Engineering and Construction (STEC) (TP: 15 baht, Upside: 20%), 5) Kasikornbank (KBANK) (TP: 145 baht, Upside: 33.6%).

6) PTT Exploration and Production (PTTEP) (TP: 144 baht, Upside: 43.3%), 7) Ratch Group (RATCH) (TP: 65.01 baht, Upside: 46.1%), 8) PTT (TP: 48.5 baht, Upside: 38.6%), 9) Bangkok Bank (BBL) (TP: 135 baht, Upside: 29.8%), 10) Noble Development (NOBLE) (TP: 8.85 baht, Upside: 31.1%).

11) Central Retail Corporation (CRC) (TP: 36.5 baht, Upside: 11.5%), 12) PYLON (TP: 5.77 baht, Upside: 38%), 13) Bangkok Commercial Asset Management (BAM) (TP: 23 baht, Upside: 32.9%), 14) Aeon Thana Sinsap (Thailand) (AEONTS) (TP: 280 baht, Upside: 56%), 15) Airports of Thailand (AOT) (TP: 69.99 baht, Upside: 17.6%).

16) Srisawad Corporation (SAWAD) (TP: 80 baht, Upside: 18.5%), 17) SC Asset Corporation (SC) (TP: 3.38 baht, Upside: 12.8%), 18) Central Pattana (CPN) (TP: 58 baht, Upside: 15.4%) and 19) Plan B Media (PLANB) (TP: 7.1 baht, Upside: 21.4%)