Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 14, 2022.
Capital Nomura Securities (CNS) has given a “BUY” recommendation on Siam Makro Public Company Limited (SET: MAKRO) with a target price at ฿50.00/share.
CNS expected MAKRO’s 4Q21 earnings to grow QoQ due to seasonality, while the positive momentum would continue to increase in 2022. CNS estimated the company to record 12 billion baht of net profit in 2022 (+99%) and 18 billion baht in 2023 (+39%) from the consolidation of Lotus as well as strong business growth.
CNS sees MAKRO buyable as the share price is trading at 36x PER22F due to the structural adjustment from consolidation with Lotus while PER23F will decrease to 26x.
Moreover, MAKRO is laggard in the sector, decreasing 1.8% YTD, compared to +3.5% from the sector. CNS expected the company to benefit from the structural adjustment in terms of negotiation and business synergy as a leading retail and wholesaler in Thailand and the region.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Global House Public Company Limited (SET: GLOBAL) with a target price at ฿27.50/share.
MST stated that GLOBAL’s gross profit margin was higher than expected with an increase by 363bps to 25.5% due to an increase in house brand products as well as selling prices. Meanwhile, SSSG in January is +10% and the company will focus on seven branch expansions this year, expecting further growth from an increase in sales volume.
