Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 11, 2022.
KGI Securities has given an “Outperform” rating on Intouch Holdings Public Company Limited (SET: INTUCH) with a target price at ฿89.00/share.
KGI Securities stated that INTUCH reported a 4Q21 net profit (including extra items of Bt59mn) of Bt2.61bn (-2% QoQ, -2% YoY). The result was in line with the forecast and the market consensus. The slight drop in QoQ was due to a turn to loss from its satellite business, Thaicom, and other businesses. The slowdown YoY was due to lower share of profit from mobile business, Advanced Info Service. Full-year net profit was Bt10.7bn (-3% YoY).
To fine-tune its previous upward revision to THCOM, KGI Securities raised its earnings forecasts for INTUCH by 1% to Bt11.6bn for 2022F and 2% to Bt12.3bn for 2023F. However, the 2022 target price remained at Bt89.50 (SOTP) as KGI Securities revised down ADVANC’s target price to fine-tune for an expected higher dividend from 2022 onward.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on The Siam Cement Public Company Limited (SET: SCC) with a target price at ฿560.00/share.
MST stated that all business units should gradually recover (construction materials, packaging, and petrochemical) in line with the recovering economy. Meanwhile, valuation is undemanding, trading at an affordable level of 9.7x PE with an expectation for a high dividend of around 4.3%., combined with a plan to spin off SCG Chemicals to unlock value.
