Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 8, 2020.
KGI Securities has upgraded its rating on PTT Public Company Limited (PTT) from “Neutral” to “Outperform” with a target price of ฿42.00/share.
KGI revised down its earnings estimates for PTT by 42% to Bt46.9bn in 2020F and 19% to Bt78.7bn in 2021F mainly due to lower contributions from its four listed petroleum and petrochemical subsidiaries – PTTEP, PTTGC, TOP and IRPC – as a result of the softer gas selling price, base GRM, and spreads of PX and BZ.
Nevertheless, KGI forecasted PTT’s 2021 earnings to grow 68% YoY mainly thanks to higher stock gains for its three listed refinery subsidiaries – PTTGC, TOP, and IRPC.
KGI upgraded its rating on PTT to Outperform, from Neutral, thanks to the upcoming listing of PTT Oil and Retail Business Company Limited (PTTOR), which KGI expected the Securities and Exchange Commission (SEC) to approve in September 2020.
Finansia Syrus Securities (FSS) has given a “Buy on Weakness” recommendation on Major Cineplex Group Public Company Limited (MAJOR) with a target price at ฿19.00/share.
FSS expected 2H20 profit to drop as movie lineups were delayed to next year, which would impact MAJOR’s revenue recognition for the year. However, the delay would result in higher revenue and profit in 2021. The analyst expected MAJOR to record a net profit of 713 million baht in 2021.