Stocks in Focus on December 4, 2019: DTAC and MTC

Stocks in Focus on December 4, 2019: DTAC (Kasikorn Securities TP at ฿68.73/share) and MTC(Krungsri Securities TP at ฿66.90/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on December 4, 2019.

 

Kasikorn Securities (KS) has recommended Total Access Communication Public Company Limited (DTAC) as its top pick with a target price at ฿68.73/share.

KS states that the competition has lessened after some operators removed aggressive promotions. A new partnership with JAS (to share promotions) will allow DTAC to access JAS’s FBB customer base (9-12mn customers). 4Q19 earnings should beat management’s guidance.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Muangthai Capital Public Company Limited (MTC) with an IAA Consensus target price at ฿66.90/share.

KSS states that the finance sector will benefit from falling interest rates. Next year, MTC can refinance Bt8.7b worth of maturing debentures (highest in the sector) at lower interest costs.

 

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