Stocks in Focus on October 30, 2019: MTC and DTAC

Stocks in Focus on October 30, 2019: MTC (Krungsri Securities TP ฿78.00/share) and DTAC (Kasikorn Securities TP ฿68.73/share).

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on October 30, 2019.


Krungsri Securities (KSS) has given a “BUY” recommendation on Muangthai Capital Public Company Limited (MTC) with an IAA Consensus target price at ฿78.00/share.

KSS states that the finance sector will benefit from lower costs amid falling interest rates (Fed and MPC are expected to cut rates). MTC will refinance Bt8.7b worth of maturing debentures and debt next year, the highest among peers in the sector.


Kasikorn Securities (KS) has given a “Outperform” rating on Total Access Communication Public Company Limited (DTAC) with a target price at ฿68.73/share.

KS states that the reference prices for 2.6 GHz and 26 GHz spectrum will be Bt186mn/MHz and Bt3mn/MHz, respectively, 22% and 86% below our estimates. This will remove one risk factor regarding 5G. We also expect investors to park cash reaped from profit-taking power plays in ICT stocks in the short term.

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