Stocks in Focus on February 2, 2022: MAJOR and TVO

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 2, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Major Cineplex Public Company Limited (SET: MAJOR) with a target price at ฿28.00/share.

MST expected the 4Q21 results to turn to a profit of 58 million baht, which is beating previously expected loss. This is driven by higher movie ticket sales after the reopening of cinemas with new movies released, decent cost control and lower interest expenses, as well as having the opportunity to invest in new businesses.


Capital Nomura Securities (CNS) has given a “BUY” recommendation on Thai Vegetable Oil Public Company Limited (SET: TVO) with a target price at ฿34.80/share.

CNS expected TVO to record 2.25 billion baht of net profit in 2022 from higher sales of soybean meal and soybean oil to offset shrinking profit margin. For the short-term period, CNS expected 4Q21 earnings at 292 million baht, -37% YoY and +17% QoQ. Soybean price has recovered to a higher level at $15.3 per bushel due to a decline of production in Brazil and higher palm oil price. TVO is trading at 21E PER of 11x with a dividend yield of 7% per annum.