Stocks in Focus on May 31, 2021: PTG and WICE
Stocks in Focus on May 31, 2021: WICE (Maybank Kim Eng TP at ฿9.00/share) and PTG (KTBST Securities TP at ฿25.00/share).
Stocks in Focus on May 31, 2021: WICE (Maybank Kim Eng TP at ฿9.00/share) and PTG (KTBST Securities TP at ฿25.00/share).
31 พ.ค. 2564

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 31, 2021.
 
Maybank Kim Eng has given a “BUY” recommendation on Wice Logistics Public Company Limited (WICE) with a target price at ฿9.00/share.
Maybank expected WICE’s 2Q21 earnings to hit a new record for the 6th quarter in a row on strong demand and the gross margin structure to stand at a high level Therefore, Maybank raised earnings forecast by 18% with a new target price of THB 9 based on 20x P/E with EPS growth of 45.4% YoY.
 
KTBST Securities (KTBST) has given a “BUY” recommendation on PTG Energy Public Company Limited (PTG) with a target price at ฿25.00/share.
In the Opportunity Day on May 28, 2021, PTG stated that the company had limited impact from Covid-19 situation to the oil business. The management expected 2Q21 sales volume to continue growing as value in marketing is at 1.8-1.9 baht per liter.
2H21 revenue was expected to be better than 1H21 from the recovery in transportation and branch expansions.
As for the filing for its LPG business in the stock market, it was expected to be in 4Q21, and the Palm Complex in mid 2022.
The management maintained its 2021 sales volume at +8-12% YoY, EBITDA +10-15% YoY and CAPEX within 4.0-4.5 billion baht.
KTBST maintained its outlook on PTG with an estimated normalized net photo in 2021 at 1.9 billion baht, representing a 4% growth YoY.
 