Stocks in Focus on 25 July 2019: VNT and AMATA

Krungsri Securities (KSS) stated that Vinythai Public Company Limited (VTN)  should post the strongest 2Q19 earnings growth in the petrochemical sector driven by wider PVC spreads on the back of falling ethylene cost. Moreover, the price of caustic soda price has continued to improve after India resumed imports and the Brazilian aluminum producer placed new orders. Therefore, KSS recommended “BUY” VNT share with the target price of ฿29.00/share.

Krungsri Securities (KSS) recommended “BUY” AMATA Corporation Public Company Limited (AMATA) share with the consensus target price of ฿26.50/share. Moreover, KSS stated that AMATA will benefit from a clear political situation. The government should announce the Action Plan on 25-26 July, in which the EEC would be a priority project. The unresolved trade war will attract manufacturers to move production bases to Thailand.