Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 31, 2022.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on R&B Food Supply Public Company Limited (SET: RBF) with a target price at ฿14.00/share.
FSS stated that it expected RBF’s net profit to register +2% Q-Q, -12% Y-Y, not strong mainly due to a slow recovery of margins. Its 4Q22 earnings, however, look set to grow due to seasonality and the new products launching from its clients.
FSS revised down its 2022 profit to +9% Y-Y. RBF is developing 2 main projects, expanding into the Indian market with its partner, and expanding a new customer base in the flavor and color segment abroad. FSS stated that it anticipated a profit +49% Y-Y and +20% Y-Y in 2023-2024 respectively.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿85.00/share.
FSS has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿85.00/share.
FSS stated that CPN should mark a healthy earning in 3Q22 growing both Q-Q and Y-Y, supported by the increase store traffic to recover close to its pre-covid level. Also, the rental discounts continue to decrease while negative international factors have limited impacts. FSS expected the profit to jump by 244% Y-Y in 2022 and 33% Y-Y in 2023, supported by occupancy rate recovery at the existing stores and the acquisition of SF.
Also, the long-term growth has support from its B120bn five-year investment plan, including shopping malls, residential projects, office buildings, and hotels.
CPN has support at Bt65 and resistance at Bt70-71.
