Stocks in Focus on May 25, 2021: AH and PTTEP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 25, 2021.

 

Maybank Kim Eng has given a “Trading BUY” recommendation on AAPICO Hitech Public Company Limited (AH) with a target price at ฿28.00/share.

Maybank expected AH’s 2Q21 earnings to slow down QoQ. However, a strong growth outlook will be seen in 2021-2023 driven by ongoing new purchase orders while its major customer Isuzu outpacing other pickup trucks, enabling AH to grow better than the industry. The current share price has an attractive valuation, trading at 7.6x FY21 P/E, 1x P/BV, and a 5.5% dividend yield. The target price is THB28 on an average 10-year Forward P/E of 9.9x. Maintain TRADING BUY.

 

Maybank Kim Eng has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (PTTEP) with a target price at ฿148.00/share.

Maybank expected PTTEP will gain a positive benefit from rising crude oil prices due to accelerating demand for crude oil as a result of the border reopening of the US and European countries. This will be a factor that could offset further supply concerns from Iran if negotiations with the United States are successful.