STPI Gains 3% to a New High in 11 Months, Expecting a Turnaround Profit with TP at ฿8.50
STPI Gains 3% to a New High in 11 Months, Expecting a Turnaround Profit with TP at ฿8.50
STPI Gains 3% to a New High in 11 Months, Expecting a Turnaround Profit with TP at ฿8.50
28 มิ.ย. 2562

As of 15.50 local time in Thailand, STP&amp;I Public Company Limited (STPI) is at THB8.15, increased THB0.25 or 3.16%. During the session the highest of STPI was THB8.25 and the lowest was THB 7.90 with a trading value of THB215,078 million. The share price of STPI has continued to rise and reached the highest point in the 11 months since the share price reached THB8.15 on 19 July 2018.

Nomura Securities recommends the target price of STIP at THB8.50. The analyst said STPI in the earnings outlook, The business has already passed the lowest point and expects to turnaround on the profit of 2.09 billion this year. There is an optimistic direction of acquiring projects and looking forward to bidding projects in the second half of the year. Moreover, STPI also presents the results of spreading its risk by investing in other businesses.

Valuation: looking forward to Outperform and the investors are able to invest at this point due to the business has already passed the worst point. The fundamental value of the fiscal year 2019 is THB8.50.

Catalyst: Mid small group is being interesting choices and trend to obtain more construction work THB4-6.0 billion in the second half of the year which helps to recover the turnover. While there is an opportunity to receive the return of compensation which will see the progress in the 3Q2019 and continue to the upside in the fiscal year.
 