Stocks in Focus on November 24, 2020: KBANK and PTG
Stocks in Focus on November 24, 2020: KBANK (Maybank Kim Eng TP at ฿120.00/share) and PTG (Kasikorn Securities TP at ฿22.20/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 24, 2020.
Maybank Kim Eng has given a “BUY” recommendation on Kasikornbank Public Company Limited (KBANK) with a target price of ฿120.00/share.
Maybank stated that it has positive sentiment on the development of vaccines to help boost the global economy to gradually recover. This should give a positive effect on banking stocks, coupled with the BOT allowing commercial banks to resume paying dividend while valuation remains undemanding, (KBANK has 0.67x PBV), KBANK may be a target of capital inflows this morning.
Kasikorn Securities (KS) has given a “BUY” recommendation on PTG Energy Public Company Limited (PTG) with a target price at ฿22.20/share.
KS expected PTG to post record-high earnings in 4Q20. We see no risk of a cap being placed on the price of domestic oil, while an improving Covid-19 situation will help boost coffee sales at Suvarnabhumi airport.