Stocks in Focus on February 11, 2020: PTG and STEC

Stocks in Focus on February 11, 2020: PTG (KTB Securities TP at ฿16.00/share) and STEC (Kasikorn Securities TP at ฿21.50/share).

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on February 11, 2020.

 

KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on PTG Energy Public Company Limited (PTG) with a target price at ฿16.00/share.

KTBST has stated that the current price is the opportunity to accumulate PTG’s shares after a plummet of 35% in six months, which is the opposite of an estimate 151% increase in profit at 1,572 million baht by the analyst. KTBST expects PTG to book 300 million baht of net profit in 4Q19m increasing 80% YoY and 16% QoQ.

KTBST sees that the current price of PTG is not expensive. PTG’s P/E is 13x, but due to being a growth stock, valuing by PEG is preferable, which is 0.7x of its average growth for the next two years.

 

Kasikorn Securities (KS) has given a “BUY” recommendation to Sino-Thai Engineering and Construction Public Company Limited (STEC) with a target price at ฿21.50/share.

KS has stated that the stock price has largely priced in prevailing negative factors. KS believes that the FY2020 budget bill will eventually be approved, paving the way for disbursement. The current price offers decent upside while its valuation is undemanding at P/BV -2 S.D.