Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 10, 2022.
IRPC Public Company Limited (SET: IRPC) expected the refining and petrochemical business in 2022 to recover despite the ongoing omicron outbreak, believing the safety measure and situation handling of the Thai government.
Capital Nomura Securities (CNS) has given a “Trading Buy” recommendation on IRPC with a target price at ฿4.90/share.
CNS estimated IRPC’s 4Q21 normalized profit at 500 million baht, decreased 56% YoY and 82% QoQ due to no stock gain in the quarter as well as lower profit margin from refining and petrochemical businesses. Meanwhile, the polypropylene spread should continue to grow from 4Q21 to 1Q22, despite an increase on the supply side from Malaysia, but the supply in China would be lower.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Global House Public Company Limited (SET: GLOBAL) with a target price at ฿27.50/share.
MST raised its 2021-2022 earnings forecast by 5-6% on better-than-expected sales growth. The 4Q21 earnings outlook should rise QoQ and YoY driven by strong SSSG. Despite the decline in steel prices, MST expected 2022 earnings to be new high, driven by store expansion and increasing the proportion of house-brand products. Overseas operations continue to deliver better earnings, supporting its long-term growth. MST recommended BUY, with a target price (DCF) raised to THB27.50 from THB27.00 per share.
