#Stock News – KGI Securities (Thailand) examines 3 remaining stocks, recommending speculation based on fundamental factors, including SPRC giving an underlying target of 12 baht. By 1) technical point of view Evaluate the support level at 9.0 baht / resistance level at 9.25-9.40 baht in case of a break through this resistance range. Assess that there is an opportunity to test the next resistance level +/- 9.65 baht (Stop loss 8.7 baht) 2) Refinery business profit is expected to recover in 1Q24, the operating results are expected to change following the refining margin and oil prices that is increasing. (Opportunity to turn stock profits) 3) Hopefully in April the profit rate will improve further. If the deep sea single point mooring buoy can be reconstructed in the middle of the sea (Offshore Single Point Mooring or SPM), this will reduce the cost of crude oil transportation by 1.5 -2.0 USD/barrel. 4) The valuation is not expensive, profit will encourage turnover Physical education is forward as low as 5.6 times and it is expected that the dividend yield this year will turn to pay as high as >10%.
* Latest price 9.10 baht
Recommend CK stock with a base target of 30.5 baht. By 1) Technical view, evaluate support level 23.7 baht / resistance level 24.0-24.7 baht in case of breaking through this resistance frame. Evaluate that there is an opportunity to test the next resistance level +/- 26.0 baht (Stop loss 23.0 baht) 2) Backlog of over 100 billion baht, waiting for more work from the government Currently, the back -backlog in the hands of CK* approximately 1285 billion baht at the end of the year 2023 (compared to 56 billion baht at the end of 2022) and assess that there is an opportunity to increase the backlog even further from government auctions. It is expected that it will accelerate after the 2024 budget funds start to be used in April this year + the 2025 budget funds will be considered continuously. 3) Downward interest trend We assess the trend of interest rates that have passed their peak point and are about to start decreasing, it will be positive for CK* because currently CK* has an annual interest burden of up to 1.8 billion baht ( higher than net profit) 4) Valuation is still not expensive Forward PE has been calculated 23 times. It is about -0.5 times the historical standard deviation.
* Latest price 23.90 baht
Recommend CPALL stock with a base target of 66 baht. By 1) technical point of view Evaluate support level 57 baht / resistance level 58.0 -59.5 baht in case you will be able to break through this resistance frame. We estimate that there is an opportunity to test the next resistance level of +/-62 baht (Stop loss 56 baht) 2) The research department expects this year’s profit to grow +25% YoY. We assess the recovery of domestic consumption oi ) product prices agricultural which increases significantly in rubber, rice, etc., supporting agricultural income ii) Tourism is recovering strongly and Momentum will remain good during the Songkran festival iii) Government budget funds. which is ready to accelerate injections in the next month April onwards 3) The valuation in the latest Forward PE was +/-22 times, below -2 times the historical standard deviation of about 23.3 times, while it is expected that there will be a flip side to the digital wallet measures. and various economic stimulus measures
* Latest price 57.25 baht
Stay up to date with the game, know before anyone else, follow “Tan Hoon” here.
Facebook Click
YOUTUBE Click
Click Tiktok
LINE@ Click
Telegram Click
#KGI #examines #remaining #stocks #recommends #speculation #based #fundamentals
