Stocks in Focus on August 19, 2021: SC and PTG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 19, 2021.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on SC Asset Corporation Public Company Limited (SC) with a target price at ฿3.62/share.

AWS expected SC’s 2H21 earnings to stabilize, compared to the first half of 2021, from plans to transfer and launch new projects, expected presales for the full year at Bt22.0bn, higher than the company’s target which was driven by the launch of 8 projects in 2H21. While 2Q21 profit of Bt520mn, increased YoY and QoQ, driven by an increase in transfer.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on PTG Energy Public Company Limited (PTG) with a target price at ฿23.10/share.

AWS expected 3Q21 earnings decline QoQ due to the oil business that is still affected by COVID-19 and is expected to start to recover in 4Q21, also expected that non-oil businesses, both Pun Thai coffee business and LPG business will growth and high gross profit will support 2H21 earnings. While marketing margins in 2H21 are expected to remain at the range of Bt1.8-1.9 per liter.

The company cut its investment budget and plans to expand service stations in 2021. Moreover, PTG also prepares to list Atlas Energy Company Limited and PPP Green Complex Company Limited to be listed on the market in 4Q21 and 2Q22, respectively.