Stocks in Focus on January 3, 2020: TOP and STPI
Stocks in Focus on January 3, 2020: TOP (DBS Vickers Securities TP at ฿78.00/share) and STPI (Capital Nomura Securities TP at ฿8.70/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on January 3, 2020.
DBS Vickers Securities (DBSV) has given a “BUY” recommendation on Thai Oil Public Company Limited (TOP) with a target price at ฿78.00/share.
DBS states that the company reported a net loss of 683 million baht in 3Q19 which was higher than expected. However, the potential in 4Q19F tends to get better due to no maintenance costs, lower stock loss while GRM and jet fuel increases. TOP also has a fixed rate of transportation fee until the end of 2019 and its lube based oil business is starting to recover.
Capital Nomura Securities (CNS) has given a recommendation on STP&I Public Company Limited (STPI) with a target price at ฿8.70/share.
CNS states that the oil and gas business has passed the lowest point while expecting to record 2.4 billion baht of profit this year. As for the normalized profit in 4Q19F, STPI will have a profit recorded in its balance sheet for the first time in three years from construction projects as well as its high backlog base.