Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 12, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Thai Oil Public Company Limited (SET: TOP) with a target price at ฿64.00/share.
MST expected strong 4Q21 normalized earnings for TOP, reflected by higher refining margins in response to high global demand after the global lockdown easing. In the meantime, the business in 2022 has a good outlook from continued strong demand while the supply is still growing more slowly, supporting spread likely to increase.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Home Product Center Public Company Limited (SET: HMPRO) with a target price at ฿16.50/share.
MST expected HMPRO to report a profit of THB1.634 billion in 4Q21 (+88% QoQ and +6% YoY) as a strong growth from SSSG turned positive. MST expected profit in 2022 to return to higher than the pre-Covid period, which would be a new high due to an increase in sales and profit margin. In addition, MST expected rental income to recover strongly, accelerating gross profit growth to +18% YoY.
