Stocks in Focus on May 15, 2020: PTTGC and MEGA
Stocks in Focus on May 15, 2020: PTTGC (Krungsri Securities TP at ฿50.00/share) and MEGA (KGI Securities TP at ฿36.00/share).
Stocks in Focus on May 15, 2020: PTTGC (Krungsri Securities TP at ฿50.00/share) and MEGA (KGI Securities TP at ฿36.00/share).
15 พ.ค. 2563

Kaohoon Online has selected stocks with a potential of high growth for investors to consider on May 15, 2020.
 
Krungsri Securities has given a “BUY” recommendation on PTT Global Chemical Public Company Limited (PTTGC) with a target price at ฿50.00/share.
KSS expected PTTGC’s earnings to bottom out, while Dubai crude is now at US$28-30/bbl, which could mean stock gains in 2Q20. The rebound in oil prices also lifted sentiment towards petrochemical shares. PTTGC has an advantage over peers because it is a gas-based producer, meaning increases in the price of raw material will lag naphtha prices, which usually react instantly to oil price movements.
 
KGI Securities has given an “Outperform” rating on Mega Lifesciences Public Company Limited (MEGA) with a target price at ฿36.00/share.
KGI stated that MEGA reported a 1Q20 core profit of Bt305mn (+10.2% YoY, -25.3% QoQ), in line with our estimate and the market consensus. In 2Q20, KGI expected the company’s revenue to grow further from i) rising demand for supplements and ii) consistent growth in distribution demand in Myanmar. The latest closing price implies an attractive 2020F PER of 19.9x, approximately -1.0STD below its long-term historical average.