Stocks in Focus on April 22, 2021: KTB and PTG

Stocks in Focus on April 22, 2021: KTB (Trinity Securities TP at ฿14.00/share) and PTG (KGI Securities TP at ฿27.00/share).

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 22, 2021.

 

Trinity Securities has given a “BUY” recommendation on Krung Thai Bank Public Company Limited (KTB) with a target price at ฿14.00/share.

Trinity expected KTB’s profit to recover in 2021 with estimated earnings of 18,239 million baht, representing an increase of 9% YoY. The 1Q21 earnings attributed to 31% of Trinity’s whole year forecast, while expecting provision to slightly increase throughout the year.

Credit cost in 2021 was expected at 175bps, compared to 146bps in 1Q21 due to uncertainties in the new Covid-19 outbreak. Nevertheless, credit cost was expected to decline compared to 209 bps in 2020 as the overall outlook from Covid-19 was better than last year.

Trinity stated that the recovery of KTB might not be as outstanding as other major banks, but the share price is still laggard compared to its peers while having an attractive upside.

 

KGI Securities has given a “BUY” recommendation on PTG Energy Public Company Limited (PTG) with a target price at ฿27.00/share.

KGI Securities estimated PTG to record a net profit of 512 million baht in 1Q21, representing an increase of 152% YoY as concerns over the lockdown and stricter measures eased, reflecting a positive sentiment to oil demand. Moreover, the food and beverage business is expected to break even this year. PTG’s PE in 2021 is at ±18x, compared to the historical average of 29x.