Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 28, 2022.
Mr. Suwat Sinsadok, Managing Director of FSS International Investment Advisory (FSSIA), through “Kaohoon Jor Talad Program” on January 28, 2022, has given a “BUY” recommendation for PTT Exploration and Production Public Company Limited (SET: PTTEP) with a target price at ฿140.00/share.
Mr. Sinsadok stated that due to the unrest in Mozambique, the LNG field was unable to continue its development for a period of time, resulting in a delay and an impairment loss to the company. The impairment has cost PTTEP to report lower earnings than FSSIA’s estimate.
However, the overall operation is expected to perform better in 1Q22 from higher oil prices and sales volume. Meanwhile, the impairment in Mozambique should be only a one-time loss. Mr. Sinsadok estimated PTTEP’s net profit in 1Q22 around 20,000 million baht, representing an increase from approximately 17,000 million baht of net profit in 4Q21, excluding impairment loss.
In addition, Mr. Sinsadok believed that PTTEP, in a short-term, should be able to reach THB135-140 per share.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Land and Houses Public Company Limited (SET: LH) with a target price at ฿10.60/share.
MST expected LH’s 4Q21 earnings at around 1.9 billion baht (+46% QoQ), which is the best quarter for 2021. For 2022, MST estimated earnings to grow 23.5% YoY as all engines are on the growth mode. Upside will derive from gains on sale of assets in the U.S. worth around 1 billion baht (pre-tax), which should take place by mid-22. MST expected a dividend yield of 6.7% pa.
