Stocks in Focus on March 10, 2020: PTT and JWD

Stocks in Focus on March 10, 2020: PTT (DBS Vickers Securities TP at ฿40.00/share). And JWD (Tisco Securities TP at ฿10.00/share)

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on March 10, 2020.

 

DBS Vickers Securities (DBSVS) has given a “BUY” recommendation on PTT Public Company Limited (PTT) with a target price at ฿40.00/share.

DBSVS expects net profit of PTT in 1Q20 to decline by 40% due to the oil price war between the US, Saudi Arabia and Russia, while having a maintenance schedule for GSP5 as well.

Nevertheless, DBSVS still rates PTT as a solid company with low fluctuation in operating revenue when compared to other stocks in the energy sector (except power plants) due to PTT’s diversification in other businesses such as its exploration and production, gas separation, refinery, petrochemical and retail business. Moreover, the company also offers constant and good dividend payment, currently at 4%.

 

Tisco Securities has given a “BUY” recommendation on JWD Infologistics Public Company Limited (JWD) with a target price at ฿10.00/share.

Tisco attended the executive meeting with JWD which asserted that the operation in 2M20 still not affected by the coronavirus, not until 3Q20. The positive factor would be the investment in ASRS, which will initiate the operation in 4Q20F and the document storage project. The company also had a plan to sell its asset to REIT and an expansion of its business to food-related business as well.