Stocks in Focus on December 25, 2020: PTTGC and MTC

Stocks in Focus on December 25, 2020: PTTGC (Maybank Kim Eng TP at ฿75.00/share) and MTC (Finansia Syrus Securities TP at ฿70.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 25, 2020.

 

Maybank Kim Eng has given a “BUY” recommendation on PTT Global Chemical Public Company Limited (PTTGC) with a target price at ฿75.00/share.

Maybank expected the demand for petrochemical products to continue expanding strongly, in line with the global economic recovery. This should boost the prices of the energy and petro stocks to continue gaining.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Muangthai Capital Public Company Limited (MTC) with a target price at ฿70.00/share.

FSS expected MTC’s earnings to make a new high in 4Q20 due to the acceleration of loan business, following the economic recovery. The company expected its growth to be in line with a projection of 20% this year, while its NPL maintained at a lower rate. FSS forecasted MTC’s profit in 2020 and 2021 to increase 15% and 24%, respectively.