Stocks in Focus on July 20, 2020: PTG and TU
Stocks in Focus on July 20, 2020: PTG (Trinity Securities TP at ฿20.00/share) and TU (Krungsri Securities TP at ฿15.30/share).
Stocks in Focus on July 20, 2020: PTG (Trinity Securities TP at ฿20.00/share) and TU (Krungsri Securities TP at ฿15.30/share).
20 ก.ค. 2563

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 20, 2020.
 
Trinity Securities has given a “BUY” recommendation on PTG Energy Public Company Limited (PTG) with a target price at ฿20.00/share.
Trinity expected PTG’s profit in 2Q20-3Q20 to recover outstandingly from high sales after the domestic travel returned to normal and the marketing fee was at THB 1.95 per liter, better than 1Q20, which was at THB 1.60 per liter. Trinity forecasted PTG to report 2Q20 profit at 384 million baht, a decline of 10% YoY but increase 88% QoQ. The sales volume is expected to be at 1.2 billion liter, a decline of 0.8% YoY and 2% QoQ due to the lockdown in April, while being able to recover in May.
 
Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (TU) with a target price at ฿15.30/share.
KSS expected TU to receive positive sentiment from baht depreciation against US dollars and Euros. Meanwhile, 2Q20 revenue is expected to report a profit of 1,300 million baht, an increase of 32% QoQ, higher than previously forecast of 900-1,000 million baht, with limited downside due to P/E at 13x, representing -2SD.
 