Stocks in Focus on May 17, 2022: PTTEP and PTG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 17, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (PTTEP) with a target price at ฿168.00/share.

MST stated that PTTEP’s 2Q22 earnings outlook should continue growing in line with increasing crude oil prices while average buying volume in 2Q22 remains higher than that of in 1Q22. The trend also applies to gas prices that are expected to be better than in 1Q22, while the company manages to maintain its unit cost at the same level.


Kasikorn Securities (KS) has given a “BUY” recommendation on PTG Energy Public Company Limited (SET: PTG) with a target price at ฿17.00/share.

KS stated that PTG’s 1Q22 earnings at 160 million baht were 23% higher than KS’ estimates and 48% higher than the market estimations. The securities company expected 2Q22 outlook to improve, following higher marketing margin. Meanwhile, the share price is trading at PBV 2.22x or -1x SD.