Stocks in Focus on February 16, 2021: KCE and PTTGC
Stocks in Focus on February 16, 2021: KCE (Maybank Kim Eng TP at ฿60.00/share) and PTTGC (Trinity Securities TP at ฿78.00/share).
Stocks in Focus on February 16, 2021: KCE (Maybank Kim Eng TP at ฿60.00/share) and PTTGC (Trinity Securities TP at ฿78.00/share).
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Kaohoon Online has selected stocks with a potentially high growth for investors to consider on February 16, 2021.
 
Maybank Kim Eng has given a “BUY” recommendation on KCE Electronics Public Company Limited (KCE) with a target price at ฿60.00/share.
Maybank stated that PCB sales are expected to recover in line with auto sales this year expected to rise 10-15% vs a contraction of -20% YoY in 2020. In terms of earnings, profit is forecast to grow strongly by more than +80% YoY, a new record high in 2 years, thanks to economies of scale and cost reductions.
 
Trinity Securities has given a “BUY” recommendation on PTT Global Chemical Public Company Limited (PTTGC) with a target price at ฿78.00/share.
Trinity upgraded PTTGC’s profit forecast in 2021 to 18 billion baht from a strong performance in the petrochemical business, especially olefin and phenol. Meanwhile, 1Q21 normalized profit is expected at 4-5 billion baht, excluding stock gain. Trinity stated that HDPE-Naphtha spread remained high at USD550/ton and BPA-Phenol at USD1,500/ton, increased from USD1,100/ton in 4Q20.
In addition, Trinity gave a target price at ฿78.00/share, based on +1SD PBV at 1.2x.
 