Stocks in Focus on February 18, 2022: MAJOR and BCP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 18, 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 stated that MAJOR posted a 4Q21 profit of 100 million baht, compared to the market forecast of 58 million baht. This was due to well cost management, ticket sales significantly recovered and better sales of food and beverage. 1Q22 earnings are forecast to continue recovering and speed up in 2Q22 driven by many new movie lineups.


KGI Securities has given an “Outperform” rating on Bangchak Corporation Public Company Limited (SET: BCP) with a target price at ฿35.00/share.

BCP reported 4Q21 earnings of 1.8 billion baht (+598% YoY, ;4% QoQ). The result missed the Bloomberg consensus by 10% and our forecast by 11% mainly due to impairment loss of 1.4 billion baht from OKEA after the transfer of ownership of the Yme field’s assets. However, we reiterate a rating of Outperform on the counter with an unchanged 2022 target price of Bt35.00, based on SoTP methodology. KGI Securities stated that it believes the upcoming listing of BBGI, in which BCP and Khon Kaen Sugar Industry (SET: KSL hold 60%/40% stakes, will support the share price. In addition, BCP would be one of the largest refinery beneficiaries when refinery product spreads improve as its refinery business contributes approximately 40% of total EBITDA.