Kaohoon’s Top News on October 6, 2021

– The analysts forecast PTTEP to post 1H21 earnings of more than 20 billion baht, recommending a “BUY” rating with a target price of 136-145 baht, while 3Q21 earnings are estimated at 10 billion baht. The increase would be driven mainly by a higher crude price and gas selling price. In addition, analysts expect 4Q21 earnings of 11.6 billion baht from petroleum sales in Oman and Malaysia projects.

– SVT‘s stock gained 39% on its first day of trading on the SET Index. By 2023, the company plans to double its vending machine number to 20,000 and open three new branches. SVT will collaborate with its allies to expand its market in Vietnam, seeking to increase revenue to 2 billion baht by the end of the year.

– PR9 is expected to deliver outstanding earnings in 3Q21 as the number of patients improved. Analysts have recommended a “BUY” rating with a target price of 12.20 baht on estimated 81 million baht of earnings in 3Q21, up 7 fold.   

– AEONTS sees fast recovery in its operation in 3Q21 (September-November 2021) after Thailand lessened lockdowns and positive domestic loan growth, especially credit card loans. Full-year profit this year is expected to expand 14%. Analysts stated that the share price of AEONTS is still low compared to its peers, giving a target price of 280 baht.  

– S&P Global Ratings (S&P) maintained the Thai stock market’s credit rating at BBB+, citing strong liquidity and high international reserves. Analysts recommended I Investors should accumulate banking stocks (KBANK, SCB) and retail stocks (CRC, CPALL). Meanwhile, FETCO anticipates an uptick in Thai stocks in 4Q21 as a result of the country’s reopening and amplified vaccination campaign. International investors bought 32.6 billion baht worth of Thai currency in the last 31 days, according to data.