Stocks in Focus on April 10, 2020: PTTEP and CPF
Stocks in Focus on April 10, 2020: PTTEP (Kasikorn Securities TP at ฿107.00/share) and CPF (Krungsri Securities TP at ฿30.00/share).
Kaohoon Online has selected stocks with a potential of high growth for investors to consider on April 10, 2020.
Kasikorn Securities (KS) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (PTTEP) with a target price at ฿107.00/share.
KS states that the upstream energy play will benefit from oil production cuts and a more stable global crude price in the long run. Once the COVID-19 situation improves, a demand recovery should then bolster the crude price.
Krungsri Securities (KSS) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (CPF)with a target price at ฿30.00/share.
KSS expects CPF’s profit to surge, driven by (i) rising chicken and swine prices in Thailand and Vietnam, (ii) lower feedstock prices, especially soybean meal, (ii) larger chicken exports to China, and (iv) a weaker baht.