Stocks in Focus on June 2, 2021: VGI and PTTEP
Stocks in Focus on June 2, 2021: VGI (Krungsri Securities TP at ฿8.00/share) and PTTEP (Maybank Kim Eng TP at ฿148.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 2, 2021.
Krungsri Securities (KSS) has given a “BUY” recommendation on VGI Public Company Limited (VGI) with a target price at ฿8.00/share.
KSS stated that the tone during the analyst briefing (via conference call) yesterday with VGI was bullish. VGI revealed the latest financial guidance which suggests minimal downside risk to our earnings. If the Covid-19 situation improves in July, KSS stated that it might revise up earnings forecast. Hence, the recent share price correction seems excessive.
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 stated that world crude oil prices surged past USD 70 a barrel, responding to the accelerated demand for oil after the United States and Europe have gradually reopened the borders continuously. Meanwhile, the supply has not yet accelerated too quickly. This is considered positive for the upstream energy sector that the market has the opportunity to add even more weight.