Stocks in Focus on September 24, 2019: PTTEP and ICT Sector
Stocks in Focus on September 24, 2019: PTTEP (Krungsri Securities TP ฿160.0/share) and ICT Sector (Krungsri Securities maintains Overweight Call).
Stocks in Focus on September 24, 2019: PTTEP (Krungsri Securities TP ฿160.0/share) and ICT Sector (Krungsri Securities maintains Overweight Call).
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Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on September 24, 2019.
 
KSS – PTTEP
Krungsri Securities (KSS) expect PTT Exploration and Production Public Company Limited (PTTEP) to register strongest profit growth in 3Q19 within the PTT Group, on the back of higher sales following the consolidation of Murphy assets. Meanwhile, PTTEP is immune to inventory loss, unlike other refineries. Thus, KSS recommends “BUY” with a target price at ฿160.0/share.
 
KSS – ICT Sector
Despite a correction in the sector yesterday, Krungsri Securities (KSS) has reiterated an Overweight call for the ICT sector. Competition has commenced to clip up. But it is still in the prepaid segment and the price promotion isn’t as severe as in 1Q19 level. With the improvement in ARPUs in postpaid segment in 3Q19, KSS expects insignificant impact from this price promotion. The falling share price also pushes up dividend yield to 4-5% in 2019 and rising. ADVANC, INTUCH and DTAC are our picks as they fit into both our earnings and yield themes. KSS is neutral on TRUE (will re-rate along with the sector but does not meet our earnings and yield themes).
 