Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 18, 2022.
Kasikorn Securities (KS) has given a “BUY” recommendation on BCPG Public Company Limited (SET: BCPG) with a target price at ฿17.00/share.
KS expected the company to benefit from the acquisition of Nam Tai Power Sole in supporting Nam San 3B and the sale of electricity to EVN. The acquisition will also generate approximately 16-23 million baht per annum of profit to BCPG as well.
As for the 4Q21 outlook, KS expected net profit to increase YoY from the capacity expansion of its solar power plant Shiba 1 with a capacity of 27 MW. However, its net profit would decline QoQ due to the weak seasonality for hydro power in 4Q.
Capital Nomura Securities (CNS) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿175.00/share.
CNS stated that KBANK remains the bank with good expansion of loan and other income even though its 4Q21 net profit outlook is expected to decline 45% YoY and 15% QoQ to 7.35 billion baht due to higher provision and OPEX.
CNS expected 2021 net profit to come in at 34 billion baht, representing an increase by 15% YoY, while recovery should start in 2022 from its loan portfolio that would benefit from the economic recovery. KBANK’s 2022 is estimated to be at 36 billion baht. KBANK is trading at 0.7x of PBV21F (-1.0SD 5-y avg.).
