Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 7, 2022.
KGI Securities has given an “Outperform” rating on PTT Public Company Limited (SET: PTT) with a target price at ฿55.00/share.
KGI Securities forecast PTT to report 4Q21F earnings of 28 billion baht (+113% YoY, +19% QoQ). The jump YoY would come primarily from a bigger contribution from PTT Exploration and Production Public Company Limited (SET: PTTEP) after Dubai crude price surged 76% YoY to US$78/ton in 4Q21. The increase QoQ would be thanks to higher contributions from Thai Oil Public Company Limited (SET: TOP), PTTEP, and PTT Oil and Retail Business Public Company Limited (SET: OR) on the back of i) better base GRM, ii) higher crude price, and iii) greater coffee sales volume, respectively, for the quarter. The securities company maintained a rating of Outperform on the counter with an unchanged 2022 target price of Bt55.00, based on SoTP methodology. KGI Securities stated that it also saw interesting dividend yields of 5.9% in 2021 and 6.2% in 2022.
KGI Securities has given an “Outperform” rating on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿262.00/share.
KGI Securities stated that the downside should bottom out in 2021 and will start to grow moving forward, expecting net profit in 2022 at 29,000 million baht, an increase by 8% from 2021, following the expansion of Thai economy. KGI Securities expected the company to provide more services other than mobile, such as digital payment gateway, online insurance brokerage, data center, Cloud and cyber security. Meanwhile, the loan business through AISCB will be a long-term upside. KGI Securities expected the company to pay a dividend of THB7.80-8.29 per share in 2022.
