Stocks in Focus on September 14, 2021: PTTEP and JMT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 14, 2021.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (PTTEP) with a target price at ฿157.00/share.

MBKET stated that crude oil prices continue to swing upward. Brent crude oil closed at $73.51 yesterday, driven by both higher global crude oil demand following a recovering economy, coupled with supply that has not returned to normal after production facing Hurricane Ida. This is expected to be positive for speculation on energy stocks.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on JMT Network Services Public Company Limited (JMT) with a target price at ฿58.00/share.

MBKET expected 3Q-4Q21 earnings to be stronger than the market and estimated net profit growth in 2022 at +67% YoY. This will be able to offset 18% dilution from the capital increase and maintain average EPS growth (CAGR) of 43% over the next three years. MBKET rolled forward to a 2022 fair price of THB 58 (PEG 0.75 x).