PTG Expands 2.5%, Analyst Recomm. “BUY” at ฿24.50 in Hopes of Bright Earnings in 1Q21

The share price of PTG Energy Public Company Limited (PTG) rose ฿0.50/share or 2.5% to ฿20.50/share as of 16:25 local time in Thailand, with a trading value of 758 million baht.

Finansia Syrus Securities (FSS) has recommended “BUY” on PTG with a target price of ฿24.50/share as 1Q21 earnings remain on positive momentum and there is only mild impact of new Covid-19 wave. FSS foresaw plam complex and non-oil business as key catalysts for PTG’s growth in 2021, moreover, it also has an upside from EV charger business and community power plant projects