Stocks in Focus on December 9, 2020: PTT and ADVANC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 9, 2020.

 

KGI Securities has given an “Outperform” rating on PTT Public Company Limited (PTT) with a target price at ฿48.00/share.

KGI expected PTT to report 2021F earnings of Bt77.7bn, up 93% YoY thanks to materially higher stock gains for its three listed refinery subsidiaries – PTTGC, TOP, and IRPC after the security company estimated Dubai price to recover YoY from US$42/bbl to US$53/bbl in 2021.

Earnings from PTT only should grow YoY in 2021 due to i) NG sales volume increasing, ii) GSP margin improving from better polyethylene (PE) prices and softer gas price, and iii) oil sales volume rising.

 

Maybank Kim Eng has given a “BUY” recommendation on Advanced Info Service Public Company Limited (ADVANC) with a target price at ฿229.00/share.

Given the 5G trend that comes earlier than expected, Maybank believed it should boost ADVANC’s ARPU of postpaid customers to increase. Coupled with annual dividend payment at around 4% pa, making ADVANC more attractive for gradually accumulating stocks.