Stocks in Focus on July 16, 2020: SCCC and PRM
Stocks in Focus on July 16, 2020: SCCC (Maybank Kim Eng TP at ฿180.00/share) and PRM (KTB Securities TP at ฿10.60/share).
Stocks in Focus on July 16, 2020: SCCC (Maybank Kim Eng TP at ฿180.00/share) and PRM (KTB Securities TP at ฿10.60/share).
16 ก.ค. 2563

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 16, 2020.
 
Maybank Kim Eng has given a “BUY” recommendation on Siam City Cement Public Company Limited (SCCC) with a target price at ฿180.00/share.
Maybank forecasted SCCC to report 2Q20 earnings at THB800m (-3% QoQ, +26% YoY). A strong growth YoY was due to many extra items last year. 2H20 earnings outlook is likely to slow down vs 1H20 due to low season and there will be a maintenance shutdown of 2 furnaces.
The share price has dropped by 29% from the beginning of the year. Currently, SCCC trades on attractive valuation, with 13.5x P / E, 1.3x P / BV and dividend yields of 5.8%.
 
KTB Securities (Thailand) (KTBST) has given a “BUY” recommendation on Prima Marine Public Company Limited (PRM) with a target price at ฿10.60/share.
KTBST has revised up PRM’s target price from ฿9.70/share to ฿10.60/share, based on 2020E PER at 20x (-0.25SD below 2-yr average PER on first trading day) due to an increase of 2020E/21E profit forecast by 9% to 1.33 billion baht (+30% YoY) and 7% to1.57 billion baht (+18% YoY), respectively.
KTBST stated that The FSU business performed better than expected. The unit fee would increase at an average of 20% in 2020 with a potential for more in 2021 due to IMO. Meanwhile, the 2Q20E profit from domestic trading would not decline as much as KTBST had anticipated as PRM turned to use its own ship and the amount of oil delivery also recovered in the quarter. Lastly, the company maintained its plan to purchase two additional cargo in 2H20 with confirmed customers for this specific usage.