Kaohoon’s Top News on February 7, 2022

Headline: Analysts project strong earnings growth for BBL in 2022, raising a profit to grow 35% over the year 

Analysts raised their earnings forecast for Bangkok Bank (SET: BBL) in 2022 to THB35.9 billion, or a 35% YoY increase, following an analyst meeting with BBL’s executive team. Chartsiri Sophonpanich, President of BBL, revealed that the company targets 4-6% loan growth and lower provisions as it sees strong demand for corporate loans on the back of public infrastructure investment and relocation of manufacturing bases from China to ASEAN region. Recommend “BUY” with a target price of THB165.00.


Headline: CIVIL rated a super growth stock after its debut on the SET

Civil Engineering (SET: CIVIL) is rated a super growth stock due to the strong financial position following its debut on the Thai Stock Exchange and the granting of new construction projects totaling more than THB10 billion. CIVIL recently signed a THB2.7 billion contract for the construction of a drainage system in Nakhon Si Thammarat.


Headline: ADVANC to release its 2021 performance results today; Analysts expect a payout of THB3.79-THB4.24 for 2H21

Advanced Info Service (SET: ADVANC) is set to release its 4Q21 and full-2021 operating results on Monday (Feb. 7). Analysts assume a dividend payment for 2H21 of THB3.79 – THB4.24, despite forecasting a slight drop in 4Q21 and 2021 earnings to THB6,521 million, down 9%, and THB26,900 million (-2% YoY). In 2022, ADVANC’s earnings are projected to reach THB29,000 million (+8% YoY). Recommend “BUY” with a target price of THB262.00.


Headline: ATP30 expects its earnings to achieve another record high in 2022

ATP30 (SET: ATP30) expects its earnings to achieve another record high in 2022, with a target of around THB600 million in revenue, increasing 25% YoY, while preserving its GPM at 25% and NPM at 10%. The key elements to create a new growth cycle  are bringing technology to its full potential and competitiveness. Analysts recommend “BUY” on ATP30 with a fair value of THB3.24.


Headline: Asia Plus Securities selects 12 stocks with dividend yield higher than 4% and solid bases

Asia Plus Securities (ASPS) has recommended 12 high-yield equities with a dividend yield higher than 4% and strong fundamentals for investors to consider during market volatility. The selected stocks are IRPC, SCC, TISCO, LH, SPALI, SAT, SC, THANI, SAPPE, SCCC, NER, and AP. Based on the five-year statistics (excluding 2020), SETHD showed average return of 11.8%, outperforming average SET return of 7.28%.