Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 23, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Land and Houses Public Company Limited (SET: LH) with a target price at ฿10.80/share.
MST stated that it keeps the Buy rating on LH as it expects all its businesses to stage significant rebounds this year, and for its attractive 6.6% FY22E dividend yield.
MST forecasted FY22 earnings to grow 22% YoY and FY23 by another 10% YoY. 2H22 is likely to be strong with the bulk of launches in 3Q while overall performance should peak in the 4Q high season. Risks to estimates include the macro outlook, rising inflation given a surge in energy prices, labour shortages and possible delays in launch/completion of projects. MST’s SOP-based target price rises 2% to THB10.80, after fine-tune its earnings forecasts and factor in asset appreciation.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on T.A.C. Consumer Public Company Limited (SET: TACC) with a target price at ฿8.70/share.
FSS stated that short-term net profit momentum in 1H22 looks positive as the business is entering a peak season. Revenue growth came from its beverage segment in 7-Eleven and non 7-Eleven, as well as its character business with limited impact on the cost side.
The management estimated revenue growth in 2022 by 10-15%, boosted from the reopening and normalization of economic activities. The selling price could be higher in 2H22 if the cost remains high. FSS expected TACC’s net profit this year to grow 9%.
