Stocks in Focus on September 18, 2020: PTTEP and CKP
Stocks in Focus on September 18, 2020: PTTEP (Krungsri Securities TP at ฿96.00/share) and CKP (Maybank Kim Eng TP at ฿6.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 18, 2020.
Krungsri Securities has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (PTTEP) with a target price of ฿96.00/share.
KSS stated that the sharp correction in the share price and recovering oil prices would lift sentiment towards PTTEP because its profitability is influenced by oil price movements. Thus, KSS expected 3Q20 earnings to grow QoQ in the absence of stock loss.
Maybank Kim Eng has given a “BUY” recommendation on CK Power Public Company Limited (CKP) with a target price at ฿6.00/share.
Maybank stated that CKP’s 3Q20 earnings outlook is forecast to grow strongly, driven by water volume in the dam that is expected to increase vs 1H20, boosting efficiency of power generation, making it more attractive for investment.