Stocks in Focus on October 8, 2021: OR and IP
Stocks in Focus on October 8, 2021: OR (Maybank Kim Eng Securities TP at ฿30.00/share) and IP (Finansia Syrus Securities TP at ฿25.50/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 8, 2021.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on PTT Oil and Retail Business Public Company Limited (OR) with a target price at ฿30.00/share.
MBKET stated that the demand for fuel will rise on the reopening while the government is also trying to boost tourism. The “We Travel Together Phase 3” scheme has begun today. This positive sentiment will also boost OR’s other businesses such as non-oil business and the founding of On-shore Ventures Fund to support Thai startups.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Inter Pharma Public Company Limited (IP) with a target price at ฿25.50/share.
FSS estimated IP’s 3Q21 earnings to reach a new high with a 41% growth QoQ and 90% YoY after the merger of TEVA in August and a production contract for another five years. FSS expected IP’s earnings in 2021 to grow 107% and 31% in 2022.