Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 18, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Jay Mart Public Company Limited (SET: JMART) with a target price at ฿62.00/share.
MST stated that the 2022 growth is visible for all business segments, including commerce (Mobile and J) and financial (JMT, SINGER and KBJ), which will support JMART’s normalize profit to grow 73% YoY to 2,145 million baht. MST added that the estimate excludes upside risks from JMART’s synergy with partners and new businesses (JAYDEE, Technology – Digital platform, JV Banking).
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on AP (Thailand) Public Company Limited (SET: AP) with a target price at ฿13.00/share.
FSS stated that AP’s growth momentum in 2022 is strong, reflecting the launch of new projects worth 78 billion baht, its historic high. Meanwhile, the horizontal projects are going well. Currently, the company recorded a backlog reserved accounting to 53% of estimated revenue.
FSS expected 2022 net profit to grow 7%, making a record high, while addressing that the current valuation is trading at 7x of its PER and giving a dividend yield of 5%.
