Stocks in Focus on January 24, 2022: TU and JMART

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 24, 2022.


Asia Wealth Securities (AWS) has given a “BUY” recommendation on Thai Union Public Company Limited (SET: TU) with a target price at ฿24.00/share.

AWS expected TU’s 4Q21 net profit to grow 19%YoY in line with sales growth. Frozen sales grow strong from the recovery of Food Service. Margin improved, but SG&A/Sales remained high due to high shipping costs. Increased loss share QoQ from Red Lobster’s low season.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Jay Mart Public Company Limited (SET: JMART) with a target price at ฿62.00/share.

MST expected JMART’s 4Q21 earnings to hit a new record high at 402 million baht (+49% QoQ and +48% YoY), excluding extra gains from SINGER’s revaluation, which may be recorded around 1 billion baht. In addition, MST expected 2022-23 earnings to grow remarkably by 67% and 36%, respectively, from strong growth of its subsidiaries.