Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 16, 2022.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Prima Marine Public Company Limited (SET: PRM) with a target price at ฿7.90/share.
FSS stated that the 2H22 outlook improves H-H. The high-margin international trading would jump due to the full realization of its new vessels. Also, it will take delivery of one more ship in 4Q22. Since it already has a 10-year contract, it has a fixed income and does not have any bunker cost risk.
The domestic trading unit continued improving, in line with the reopening. Offshore would recognize full-quarter revenue from the crew boat delivered in May and hired under term contracts. FSU increased prices after old contracts expired. Also, it will take delivery of one more FSU by 2022. FSS maintained its 2022-2023E normalized earnings growth of 20% Y-Y p.a.
PRM has support at Bt6.40//6.20 and resistance at Bt6.80//7.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Sappe Public Company Limited (SET: SAPPE) with a target price at ฿60.00/share.
MST expected SAPPE’s 5-year CAGR core profit to increase 22%, boosted by exports volume and gross profit margin. The company would receive a short-term boost by baht depreciation due to its 75% export dominance.
