Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 6, 2022.
Mr. Koraphat Vorachet, Capital Nomura Securities’ strategist, through “Kaohoon Jor Talad Program” on January 6, 2022, gave “BUY” recommendations on Ngern Tid Lor Public Company Limited (SET: TIDLOR) and BCPG Public Company Limited (SET: BCPG), for their potential growth in 2022.
In a further analysis published by CNS, the securities company has given a target price for TIDLOR at Bt44.00 per share, pointing out the TIDLOR is a major player in the car-title loans business while having a diversification to an insurance business.
4Q21 net profit is expected to increase compared to the same period of last year from the lockdown easing and a peak seasonality of the insurance business. Meanwhile, net profit in 2021 is expected to grow 30% to 3.1 billion baht and 29% in 2022 from an increase in interest and non-interest income. NPL should be well-managed at the same level as its peers.
CNS indicated that TIDLOR’s P/BV is at 3.6x, lower than the sector, indicating an opportunity for accumulation while having better profit growth.
CNS also gave a “BUY” recommendation on BCPG with a target price at Bt19.60 per share, expecting 4Q21 net profit to grow 15% YoY to 358 million baht, but representing a drop by 48% QoQ. CNS stated that net profit in 2021 should grow 11% and 2022 should grow 37% from investment in new projects. Out of 27-44 billion baht of BCPG’s budget in 2022, around 18 billion baht is included in CNS’ projections.
The securities are trading on 12x of PER22F, lower than the average of its green-energy peers with an average of 32x. BCPG offers 3-4% dividend yield and is a laggard stock in the green-energy group.
