Stocks in Focus on August 16, 2022: CRC and SISB

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 16, 2022.

 

Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (SET: CRC) with a target price at ฿42.00/share.

MST stated that 2Q22 earnings at 1,486 million baht (+23% QoQ and turning around from 472 million baht of net loss in 2Q21) were due to an increase in SSSG by 24%, while SSSG in July is expected to grow 50% along with positive outlook in 2H22 in response to the recovery in tourism and business expansions.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on SISB Public Company Limited (SET: SISB) with a target price at ฿15.00/share.

FSS stated that the 2Q22 profit jumped (+24% Q-Q, +20% Y-Y) to a new high. It beats FSS’ estimate by 14% due to higher and record-high students to 2,731, increased school fees after on-site classes resumed, and excellent cost control.

SISB’s 1H22 profit accounts for 50% of its full-year estimate. Since the earnings should accelerate in 2H22, FSS expected a profit upside of about 10%.

SISB has support at Bt13//12.60 and resistance at Bt14-14.10.