Stocks in Focus on November 18, 2020: SAWAD and PTT

Stocks in Focus on November 18, 2020: SAWAD (Krungsri Securities TP at ฿61.00/share) and PTT (KGI Securities TP at ฿42.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 18, 2020.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Srisawad Corporation Public Company Limited (SAWAD) with a target price at ฿61.00/share.

KSS stated that SAWAD received positive sentiment after news of co-investment deal with Government Savings Bank to offer auto title loans. Larger capital base will drive loan growth while funding advantage will improve spreads andNIM.

 

KGI Securities has given an “Outperform” rating on PTT Public Company Limited (PTT) with a target price at ฿42.00/share.

KGI stated that it had a neutral view on PTT’s 3Q20 analyst meeting after management updated on three important issues. Firstly, the company is studying investment in renewable power in India and Taiwan. Secondly, management estimates room to import spot LNG of only 500K tons in Thailand next year, accounting for only 1.5% of total domestic gas demand. Thirdly, the cause of a gas leak in Samut Prakarn province is under investigation by the Ministry of Energy. Currently, the national metal and material technology center (MTEC) is examining the components of the gas pipeline that leaked.

KGI maintained a rating of Outperform on PTT with a 2021 target price of Bt42.00, based on SoTP methodology. With the upcoming listing of PTT Oil and Retail Business Company Limited (OR) on the SET, PTT remains KGI’s Energy top pick.