Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 29, 2023.
Land and Houses Securities (LHS) has given a “BUY” recommendation on Indorama Ventures Public Company Limited (SET: IVL) with a target price at ฿43.50/share.
LHS expected IVL’s 1Q22 earnings to recover after a loss in the final quarter of last year. Sales volume is expected to increase 9% QoQ, following the reopening of China, higher demand in Europe and seasonality that would revive its spread. Moreover, there is no impairment loss in this quarter.
KGI Securities (KGI) has given an “Outperform” rating on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿28.00/share.
KGI stated that SNNP’s earnings are expected to mark record highs over the next three years (2023F-2025F) with 25% CAGR on the back of a good portfolio (73% domestic and 27% overseas). Sales should grow both domestically (re-opening of the country) and overseas (start of operations at a plant in Vietnam).
There is also room for gross margin to expand on lower cost in Vietnam and improved production efficiency. The end-2023 target price of Bt28.00 is based on PER 40.0x (+1.5 S.D historical average of its peers).
