Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 17, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Star Petroleum Refining Public Company Limited (SET: SPRC) with a target price at ฿11.20/share.
MST stated that the gross refining margin in 2022 is expected to rise to $4.5-5 per barrel from $3.4 and utilization rate is forecast to rise to 85-90% from 74% in 2021 due to higher gasoline demand. Meanwhile, the spread is estimated at $11-12 vs. average $9. MST expected SPRC to pay a dividend around 5% in 2022.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on its initial coverage of Star Microelectronics (Thailand) Public Company Limited (SET: SMT) with a target price at ฿7.70/share.
AWS expected SMT’s revenue in year 2022 to grow 21%YoY and net profit to increase 12%YoY, revenue is likely to grow from the expansion of new customer base and increasing efficiency from increasing demand, product development plan with potential customers valued at more than 81 million baht, which is expected to start to recognize additional revenue in 2022. Overall, the export business also benefits from the depreciation of Thai baht, supporting overall 2022 net profit to grow 12%YoY. Container shortage problem does not affect revenues due to air transport mainly.
