Stocks in Focus on February 9, 2022: GFPT and CPN

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 9, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on GFPT Public Company Limited (SET: GFPT) with a target price at ฿14.70/share.

MST expected 4Q21 results to return to profit thanks to higher exports, leading to revival of earnings growth from 1Q22. Robust export growth from expanded capacity is expected to help offset high raw material feed costs. MST expected significant earnings growth to be driven by increased sales and improved gross margins. In addition, MST maintained BUY rating on GFPT, while raising its target price from THB13.90 to THB14.70, pegged to 17x PE (from 16x) or its 5-year average PE +1.5SD to capture the strong recovery.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿68.00/share.

FSS expected positive 5-year revenue growth for CPN with 2021-26 CAGR at 14-16%, while targeting renting income to grow 23% by 2026. The company stated that it will focus more on diversification strategy on its retail business. The expansion overseas will start in Vietnam.

FSS stated that operation is starting to recover in 4Q21 moving forward into 2022 with good momentum, even though renting income has yet to recover to pre-Covid level. FSS expected CPN to record 95% net profit growth in 2022 and 32% in 2023.