Stocks in Focus on February 21, 2022: GPSC and MAKRO

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 21, 2022.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Global Power Synergy Public Company Limited (SET: GPSC) with a target price at ฿94.00/share.

AWS stated that GPSC is attractive from growth and valuation with four business strategies focusing on increasing efficiency of key assets. The company is expanding investment in green energy to increase the proportion of income in the long-run.

In the long-term, there is still continuous growth in production capacity, especially from projects in India. The outlook for 1Q22 is recovering in a limited range from increased fuel costs despite the increase in Ft. The full year 2022 is projected to grow 14.3%YoY. AWS recommends “Buy”, still seeing it as an attractive stock for long-term investment.

 

Krungsri Securities (KS) has given a “BUY” recommendation on Siam Makro Public Company Limited (SET: MAKRO) with a target price at ฿52.00/share.

KS stated that MAKRO has strong core operation and renting fee from Lotus’s with SSSG at 4.1% from higher sales in fresh food by 11% YoY. In the previous quarter, the recovery in tourism led to growth in hotel, restaurant and catering. Lotus’s renting fee made a rapid growth of 33% QoQ with renting rate increasing from 83% in 3Q21 to 90% om 4Q21 for stores in Thailand, which was higher than the -6% SSSG in 4Q21, lower than industrial average.

KS expected positive momentum to continue in 1Q22TD, seeing a slight growth and a single-digit growth for Lotus’s and MAKRO’s SSSG, respectively.