Stocks in Focus on November 9, 2020: PTTGC and AMA

Stocks in Focus on November 9, 2020: PTTGC (Maybank Kim Eng TP at ฿57.00/share) and AMA (Krungsri Securities TP at ฿6.20/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 9, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on PTT Global Chemical Public Company Limited (PTTGC) with a target price at ฿57.00/share.

Maybank expected that HDPE prices are likely to continue growing on higher demand due to global economic recovery. This coupled with diesel spread that recovered, while valuation remains relatively low at 0.68x PBV, making it more attractive for speculation.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on AMA Marine Public Company Limited (AMA) with a target price at ฿6.20/share.

KSS expected AMA’s 3Q20f earnings to expand 31% QoQ and 54% YoY to Bt71m. Earnings will continue to grow in 4Q20 supported by higher palm oil imports by China and India.