Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 28, 2022.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Bangchak Corporation Public Company Limited (SET: BCP) with a target price at ฿36.00/share.
AWS stated that it likes good 2022 earnings momentum of BCP. 1Q22 outlook, earnings remain strong from the refining business and the E&P business. The GRM has continued to be strong due to the recovery in demand. While there are not many new refineries in the next 2-3 years. Crude oil prices have a chance to weaken if the Ukrainian situation resolves quickly, but AWS believes the market business and BBGI will recover to support.
As a result of improvements in refining efficiency, BCP will begin to benefit more clearly in 2022. AWS still believes that normal profit will grow 85%YoY in 2022. Pay 2H21 dividend at the rate of Bt1, post XD on 2 Mar and pay 22 Apr.
KGI Securities has given an “Outperform” rating on Minor International Public Company Limited (SET: MINT) with a target price at ฿36.00/share.
KGI Securities stated that MINT reported a 2-year high normalized profit of Bt1.66bn, turning to black for the first time since the emergence of COVID-19. The result was far above expectations due mainly to higher-than-expected hotel gross margin. Looking ahead, KGI Securities expected earnings to see a hiccup QoQ in 1Q22 amid the Omicron variant and the low season for hotels in Europe. As the resilient hotel performance anticipated from 2Q22 onwards and resilient earnings in 4Q21 should act as a buffer against unexpected events.
