Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 26, 2022.
Pi Securities (PI) has given a “BUY” recommendation on Thai Union Group Public Company Limited (SET: TU) with a target price at ฿22.00/share.
PI stated that TU’s earnings in 1Q22 could report at 1,483 million baht (-18%YoY,-23%QoQ) due to higher costs, especially freight, inflation and marketing costs, despite revenue estimated to grow 13% YoY (but -9% QoQ on seasonality) to 35,101 million baht due to baht depreciation. PI believed that the share price has already priced in all negativity, expecting to see some result from its negotiation with customers for price adjustment in 2Q22.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (SET: EPG) with a target price at ฿15.00/share.
MST forecast 1Q22 earnings to be favorable at 405 million baht. Despite supply chain hurdles, sales can still grow. In addition, profit margin is expected to rise to 31.9% from 31.4% in the previous quarter and 31.7% last year due to sales price adjustments and raw material purchases 6 months in advance. This year’s earnings are forecast to reach a new peak.
