Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 18, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (SET: CRC) with a target price at ฿42.00/share.
MST expected CRC’s 1Q22 net profit to recover well in response to an expanding consumption sector with additional benefits from measures to stimulate spending from the government (Shop Dee Me Kuen). MST stated that this should drive SSSG in 1Q22 to grow at least 10% and expected revenue from both Vietnam and Italy are growing as well. This is another positive catalyst.
Krungsri Securities (KSS) has given a “BUY” recommendation on Star Petroleum Refining Public Company Limited (SET: SPRC) with a target price at ฿12.00/share.
KSS estimated 1Q22 net profit at 4.9 billion baht, vs 1.9 billion baht of profit in 4Q21 and 2.0 billion baht of profit a year ago, driven by healthy market GRM and stock gain. KSS expected run rate and market GRM to rise QOQ in 2Q. The securities company maintained BUY rating at a target price of THB12.0 per share, pegged to 1.5x FY22F PBV, implying 9.4x PE.
