Stocks in Focus on August 3, 2021: PTT and GFPT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 3, 2021.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on PTT Public Company Limited (PTT) with a target price at ฿48.00/share.

AWS expected PTT’s  2Q21 net profit to drop 21%QoQ but increase YoY from the recovering domestic manufacturing sector, 2Q21 gas sales still seasonal increase while sales of gas separation plants remained at a high level but the performance was also reduced from the recognition of profits from E&P, petrochemical and refining business declines, while 3Q21 outlook similar to 2Q21, likely to decline QoQ but increase YoY. However, the share price is laggy and that is a good time for investment.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on GFPT Public Company Limited (GFPT) with a target price at ฿14.60/share.

MBKET stated that GFPT’s earnings are expected to have bottomed out in 1 Q 21 with 2 Q 21 profits to recover This was attributed to increased domestic sales and indirect exports, coupled with increased production capacity after new machines installed, which will begin production in August, as well as McKey’s growing chicken exports.