Stocks in Focus on December 14, 2023: PTTEP and TIDLOR

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 14, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (SET: PTTEP) with a target price at ฿194.00/share.

MST stated that Brent crude oil prices increased by 1.4% following reports of a more significant than expected decline in US crude oil stocks and the relaxed tone of the recent FED meeting. This positive trend is likely to benefit PTTEP’s share price today.

From a fundamental standpoint, PTTEP is poised for robust production growth with a projected 11.5% CAGR in 2023-24, surpassing the global oil and gas production growth. This surge is attributed to increased output from renewed contracts in the Gulf of Thailand, particularly the Erawan gas field.

The stock is currently trading at a 2023-2024 P/E of 7.3x, notably lower than the average of 11x. Coupled with a high dividend yield of 6%, this positions the stock to mitigate downside risks.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Ngern Tid Lor Public Company Limited (SET: TIDLOR) with a target price at ฿28.00/share.

FSS expected operating results in 4Q23 to grow gradually along with its asset quality after bottoming out in 2Q23. TIDLOR also has a short-term positive sentiment from policy rate direction and lower bond yield.

FSS preferred TIDLOR on its high coverage ratio that should have limited provision. This should limit a downside to FSS’ 2023 estimate for -7% YoY and +21% YoY in 2024.