Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 1, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Expressway and Metro Public Company Limited (SET: BEM) with a target price at ฿11.62/share.
MST stated that 4Q21 results recovered as expected and will continue to recover in 2022, coupled with the Double Deck project that passed key stages from the Commission for the Management of Land Traffic. MST stated that it believes the Ministry of Transport should submit to the Cabinet this year, adding that this project is a low risk and will help produce more cash.
KGI Securities has given an “Outperform” rating on Charoen Pokphand Public Company Limited (SET: CPF) with a target price at ฿33.50/share.
KGI Securities stated that CPF reports a 4Q21 net profit of Bt6.7bn (+5% YoY, from a loss of Bt5.4bn in 3Q21). The result was 35% below the expectation and 16% below the market consensus due to a lower GPM and gain from change in biological assets. TCPF booked a normalized loss in 4Q21 of Bt1.7bn as GPM was low at only 7.1% as a result of high feed cost. However, revenue grew 14% YoY due the expansion of business overseas.
On the back of higher domestic meat prices and global economic recovery, KGI Securities expected CPF’s earnings to recover this year and maintain its 2022F net profit forecast of Bt19.9bn (+53 YoY).
