Stocks in Focus on November 4, 2019: PTTEP and INTUCH

Stocks in Focus on November 4, 2019: PTTEP (Maybank Kim Eng TP ฿159.00/share) and INTUCH (Tisco Securities TP ฿72.00/share.)

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on November 4, 2019.


Maybank Kim Eng has recommended PTT Exploration and Production Public Company Limited (PTTEP) with a target price at ฿159.00/share.

Maybank expects core earnings to recover QoQ in 4Q19 driven by selling volume expected to increase, combined with positive sentiment of crude oil prices in the near term due to positive signal of the trade negotiations between the U.S. and China (likely to reach agreement for phase 1). In addition, the IPO of the world’s largest oil company Saudi Aramco would bring positive sentiment to the global crude oil price.


Tisco Securities (TISCO) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (INTUCH) with a target price of ฿72.00/share (SOTP).
Tisco states that INTUCH’s 3Q19 financial report a net profit at 3.35 billion baht, increased 23.8% YoY and 13.5% QoQ was in line with its expectations and higher than the anticipation from the market by 5%.

The increase in net profit was due to the revenue of 8.8 billion baht from ADVANC, increased 29% YoY and 14% mainly due to 1) An increase of subscribers 2) An increase of broadband customers, 3) A special profit from TOT and 4) Lower cost to offset the lower ARPU due to high competition in the market.

Thaicom still faced a loss in profit, though performed better than the previous quarter to post a net loss of 113 million baht in 3Q, compared to 135 million baht of loss in2Q.

More importantly, the share of profit from investments also increased in which INTUCH reported that its JV had high growth which expecting to have a revenue from sales at 1 billion baht while the daily sales was expected to increase 30% YoY. INTUCH also aimed to invest in 5G (AI and IoT) to support the growth of data analytic and BlockChain with an investment of 200 million baht per annum.


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