Stocks in Focus on June 24, 2021: PTT and BCH
Stocks in Focus on June 24, 2021: PTT (KGI Securities TP at ฿54.00/share) and BCH (Krungsri Securities TP at ฿24.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 24, 2021.
KGI Securities has given an “Outperform” rating on PTT Public Company Limited (PTT) with a target price at ฿54.00/share.
KGI stated that the net amount of 600 million baht (before tax expense) results from i) one lawsuit on PTT’s wrongful termination of contract, which PTT lost to RPC and was obliged to pay Bt2.2bn to RPC, and ii) RPC’s claim for overdue payments for goods delivered, which RPC lost to PTT and was obliged to make a payment of Bt2.8bn to PTT. KGI was positive to the extra income of Bt600mn to PTT’s earnings in 2Q21.
Krungsri Securities (KSS) has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited with a target price at ฿24.00/share.
KSS expected BCH to report record earnings for 2Q21F of Bt497m, surging 92% YoY and 54% QoQ. This would be boosted by a 300% QoQ jump in revenue from Covid tests and Covid inpatients. Earnings would soften in 3Q21 as KSS expected the outbreak to be contained by then, but that would be mitigated by high-cost care revenue from SSO.