Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 28, 2022.
FInansia Syrus Securities (FSS) has given a “BUY” recommendation on Chularat Hospital Public Company Limited (SET: CHG) with a target price at ฿4.70/share.
It dropped by 5% after the market misinterpreted its 3Q22 profit. Excluding extra items, the 3Q22 earnings were generally in line. It is at a new normal level, where covid revenue is low. Also, non-covid revenue exceeded its pre-covid by 21%. In 4Q22, FSS expected the profit to increase Q-Q due to pent-up demand and additional SSO revenue for chronic diseases. FSS maintained its 2022-2023E profit growth of -28 Y-Y and -52% Y-Y. However, they should remain higher than the 2019 level by 1x.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿78.00/share.
MST stated that CPN’s 4Q22 profit is expected to increase both QoQ and YoY due to entering the high season which is encouraging more spending. This is combined with the return of foreign tourists as an additional stimulus. In 2023-2024, there are still plans to move forward with both residential and mixed-use projects.
