Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 2, 2021.
Krungsri Securities (KSS) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (PTTEP) with a target price at ฿125.00/share.
KSS stated that PTTEP announced an acquisition of 20% stake in Block 61, Oman, for US$2.45bn. Acquisition fits with PTTEP’s strategy to focus on prolific areas in the Middle East. Contribution to PTTEP: increasing 5-year CAGR sales volume to 10% from 6%, +10% for 2P reserve life, and more than 70% EBITDA margin. KSS upgraded PTTEP’s rating to OUTPERFORM and raised the target price to Bt125 and earnings in FY21-25F by 8-11%.
Krungsri Securities (KSS) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (CRC) with a target price at ฿36.00/share.
KSS expected CRC to book Bt227m core profit for 4Q, reversing from losses in 3Q, driven by stimulus programs and holiday spending. But earnings would tumble 93% YoY dragged by weak retail sales across all business units and pressure on EBIT margin with minimal room to cut costs. However, the share price has under-performed the SET by 6% over the last two months, suggesting the weak revenues have been priced-in. Thus, KSS maintained the BUY rating for CRC premised on vaccination-induced recovery play.