Stocks in Focus on 17 July 2019: TRUE and PYLON

Stocks in Focus on 17 July 2019: TRUE and PYLON


KTB Securities (KTBST) recommended “BUY” True Corporation Public Company Limited (TRUE) share with the target price of THB6.80/sahre. KTBST stated that TRUE is a laggard stock in the communication sector which the share price should not be in a low level when compared to an increase of TRUE 23%YTD, ADVANC 25%YTD, and DTAC 29%YTD. At the end of 1Q19, TRUE had a continuously increasing market share of 29.50% by gaining  338,000 net subscribers and expanded its total subscriber base to 29.6 million.

KTBST expected a 2Q19 profit to increase continuously as normal but TRUE has to provide compensation for retired employees, an only one-time extraordinary item which made a net profit loss or lower than the first quarter. As a result, KTBST believed a share price of TRUE to decrease lower than the estimation in 2Q19 from the compensation for retired employees, so, it is an opportunity to accumulate TRUE share.


KGI Securities (
KGI) recommended “BUY” Pylon Public Company Limited (PYLON) share with the target price of THB7.40/share and set a support line at THB6.35 while setting resistance at THB6.60. If PYLON’ share price could surpass the resistance line, KGI estimated that there is a chance to test a new resistance line at THB7.00 (stop loss THB6.05).

Moreover, KGI estimated PYLON as a laggard stock and to receive a positive sentiment from a new policy of the government. KGI expected a 2Q19 profit growth to grow 108% YoY to THB65 million (decreasing when compared to the previous quarter due to seasoning factor). KGI considered PYLON has a cheap valuation at PE 17.8x (the previous average was at 23x) and dividend yield 5%.

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