Stocks in Focus on November 2, 2020: WICE and PTG

Stocks in Focus on November 2, 2020: WICE (Maybank Kim Eng TP at ฿5.60/share) and PTG (KGI Securities TP at ฿21.40/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 2, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on Wice Logistics Public Company Limited (WICE) with a target price at ฿5.60/share.

Maybank expected WICE’s 3Q20 earnings to make a new record high at THB68m (+23%QoQ, +147% YoY), driven by strong growth QoQ in all business units. This is in line with the electronics and automotive industries that are recovering in 2H20, while asset quality remains under well controlled.

 

KGI Securities has given an “Outperform” rating on PTG Public Company Limited (PTG) with a target price at ฿21.40/share.

KGI evaluated PTG with a support level at ฿18.00 and a resistance level at ฿19.30, while expecting 3Q20 earnings to outperform its estimation to report at 466 million baht, an increase by 82% YoY and a decrease by 9% QoQ due to an upside from biodiesel business. Moreover, the company also received positive sentiment from higher crude palm oil that increased 37.7% QTD. In addition, the company has PE in 2020 – 2021 at 19.4x and18.1x, respectively.