Land and Houses Securities issued an analysis recommending buying ITC and PTT shares, with a strategic target price of 19.5 baht for ITC, equivalent to a FY69F P/E of 17.1x, and 44.75 baht for PTT, equivalent to a FY69F P/E of 10.3x. For ITC, it estimates resistance at 17.8 baht, support at 16.5 baht, and a stop loss at 15.2 baht. It expects normal profit in Q3/69F of 827 million baht, up 5% year on year but down 3.5% quarter on quarter, while revenue hits a peak of 5.4 billion baht, up 15% year on year and 19.8% quarter on quarter, supported by rising orders in the United States, especially for pouches and from major global customers, even though gross profit margin weakens on higher tuna and packaging costs. It also expects a dividend this year of 1 baht per share, a dividend yield of about 6%. For PTT, it estimates resistance at 45 baht, support at 42.75 baht, and a stop loss at 41.75 baht, with FY69F profit trends strong after the upstream and downstream businesses recover together, and it announced an interim dividend of 1.4 baht per share, a dividend yield of about 3.2%, going ex-dividend on 7 October 2026.
i-Tail Corp. PCLLand and Houses Securities recommends buying ITC with a target price of 19.5 baht, citing strong Q3/69F profit and revenue growth.
PTT Public Company LimitedLand and Houses Securities recommends buying PTT with a target price of 44.75 baht and notes strong FY69F profit trends after upstream and downstream recovery.
