Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 31, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Esso (Thailand) Public Company Limited (SET: ESSO) with a target price at ฿11.00/share.
MST stated that it expects 2Q22 earnings outlook should improve on strong rise in product prices– diesel, gasoline and jet oil, thanks to higher demand on tight supply. ESSO does not have any hedge positions, making it able to fully benefit from the current high GRM, coupled with higher sales volume due to driving season and reopening.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Mega Lifesciences Public Company Limited (SET: MEGA) with a target price at ฿67.00/share.
FSS stated that at yesterday’s Opp Day meeting, management reiterated its 2025 profit target of Bt2.4-2.5bn, up 2x from 2019, might come sooner than expected. However, it targeted its 2022E revenue growth of only 5-10%. Even though FSS assumed 2022E revenue and profit growth of 12% and 21%, in tandem with the company’s target, and a net margin of 13% (flat Y-Y), FSS’ TP would be Bt58-60. MEGA currently trades on a PE of only 21x and an EV/EBITDA of just 15x, lower than the retail sector’s PE of 28-30x.
