Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 14, 2022.
KGI Securities (Thailand) has given an “Outperform” rating on Airports of Thailand Public Company Limited (SET: AOT) with a target price at ฿73.00/share.
KGI Securities expects AOT to report a 1Q22F net loss of 3.37 billion baht, improving from net losses of 3.45 billion baht in 1Q21 and 5.16 billion baht in 4Q21. Overall, the performance would improve from Thailand’s partial re-opening since November 1, leading to an increase in international passengers to Thailand. However, KGI Securities cut its earnings forecast to a net loss of 4.5 billion baht for FY22 and a net profit of 12.8 billion baht in FY23 after cutting its assumption on international passengers. Nonetheless, KGI Securities likes AOT for its potential recovery outlook, but lower target price from Bt73.50 to Bt73.00 per share.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Gulf Energy Development Public Company Limited (SET: GULF) with a target price at ฿52.00/share.
MST expects GULF’s 2022 earnings to grow 45% YoY, the most outstanding among the power plants under its coverage. In 2022, total capacity would increase 33% to 5,045 MW and focus more on alternative energy, which would increase around 200-400 MW next year. Meanwhile, MST expects an increase in gas prices will have a limited impact on GULF as income from the industrial estate is only 10% of the total.
