Stocks in Focus on April 24, 2020: JMT and PTG

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 24, 2020.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿21.70/share.

KSS states that the weak economy could trigger a surge in NPLs, providing an opportunity for debt collectors to buy distressed assets at bargain prices. 1Q20F earnings should be similar to 3Q19 and 4Q19, implying strong growth yoy as most income was recognized from its fully-amortized debt portfolio.

 

Tisco Securities has given a “BUY” recommendation on PTG Energy Public Company Limited (PTG) with a target price at ฿15.00/share.

Tisco has cited the outlook from PTG’s executive in the conference call, stating that 1) The sales volume increased in the third week of April (WoW) after the coronavirus outbreak has positive outlook. 2) The marketing margin increased in April. 3) The company has made an adjustment in its business plan, in line with cash flow and liquidity. 4) Non-oil business might meet the break even point slower than expected, but the palm complex business is still in good direction due to higher biodiesel demands.

Tisco expects 1Q20 to be the lowest point for PTG, while the company will bounce back starting 2Q20 to positive directions.