Stocks in Focus on October 1, 2021: GULF and ADVANC

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Gulf Energy Development Public Company Limited (GULF) with a target price at ฿44.00/share.

MBKET stated that the business tends to continue to grow strongly in many integrated infrastructure businesses, including electricity, energy, logistics, telecommunications, helping to drive business in the medium to long term. Next year, the core profit is expected to grow 35 % YoY. Thus, MBKET recommended that it is a good stock for investment.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (ADVANC) with a target price at ฿218.00/share.

The short term earnings outlook was driven by cost cuts, especially in the SG&A segment, which could help support earnings In the next period, if the city reopens, it will have a positive effect on spending more The expected dividend payout ratio is likely to increase in the next period