Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 24, 2022.
Capital Nomura Securities (CNS) has given a “Buy” recommendation on Home Product Center Public Company Limited (SET: HMPRO) with a target price ฿18.00/share.
CNS stated that HMPRO’s 4Q21 topped its pre-Covid level, expecting the momentum to carry to 1Q22 with 4-5% SSSG growth from the government’s stimulus packages, higher consumption. Profit margin would remain strong from product mix and price adjustment in late 2021 around 3-5%.
CNS expected 2022 net profit to grow 23% to 6.45 billion baht, which is above the pre-Covid level. HMPRO is trading at 30x of PER 22F and 1.8x of 2022-23 PEG , lower than other home improvement businesses at 3-5x.
Finansia Syrus Securities (FSS) has given a “Buy” recommendation on Ekachai Medical Care Public Company Limited (SET: EKH) with a target price at ฿9.40/share.
FSS expected 4Q21 net profit to decrease 65% QoQ due to higher base from the Covid-19 outbreak during the period, but still grow 21% YoY. 2021 net profit is expected to grow 330%, making a new high.
FSS expected positive momentum to continue in 1Q21 from the outbreak of the omicron variant to compensate for the loss of IVF patients, mainly from China. 2022 net profit is estimated to drop 46% compared to the forecast of 2021, but would remain higher than 2020.
