Stocks in Focus on May 7, 2021: PTTGC and IVL


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 7, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on PTT Global Chemical Public Company Limited (PTTGC) with a target price at ฿75.00/share.

Maybank expected PTTGC’s 1Q21 earnings to stand out in response to an accelerated global economic recovery that drives petrochemical spreads to improve. In addition, the refinery business is expected to benefit from rising oil prices leading to higher stock gain and this outlook is expected to continue in 2Q21.

 

Trinity Securities has given a “BUY” recommendation on Indorama Ventures Public Company Limited (IVL) with a target price at ฿60.00/share.

Trinity revised up IVL’s target price to Bt60.00, based on 9x EV/EBITDA as the PET business made a strong recovery in 2021. The momentum in 2Q21 for PET business continued in a positive outlook from good demand and high season, coupled with the global economic recovery.

Trinity expected IVL to report a normalized profit around 4-4.5 billion baht. In addition, the security company revised up 2021 earnings to 20,000 million baht.

 

Back to top button