Stocks in Focus on October 9, 2020: RS and PTTEP
Stocks in Focus on October 9, 2020: RS (Maybank Kim Eng TP at ฿22.00/share) and PTTEP (Krungsri Securities TP at ฿96.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 9, 2020.
Maybank Kim Eng has gien a “BUY” recommendation on RS Public Company Limited (RS) with a target price at ฿22.00/share.
Maybank stated that RS shifted its retail business on TV platform with implementation of “Entertainmerce” strategy aiming to turn audiences to product buyers that can be adjustable in line with the market demand. The earnings outlook for 3Q20-4Q20 should continue growing QoQ, YoY with new businesses scheduled to launch in AQ20-2021 as a growth driver.
Krungsri Securities (KSS) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (PTTEP) with a target price at ฿96.00/share.
KSS stated that the strong oil price will boost sentiment towards PTTEP (products linked to oil price). In this regard, KSS estimated 3Q20Fearnings of PTTEP at Bt5.4b, +24% qoq in the absence of stock gain/loss (unlike refineries).