Stocks in Focus on March 3, 2022: KBANK and PLANB

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 3, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿185.00/share.

MST stated that the uptrend interest rate cycle and domestic economic recovery remain a catalyst to boost accumulation on the banking stocks, coupled with the U.S. bond yield rebound for the first time in six days. This gives positive psychology to investment. MST raised KBANK as its top pick among the banking sector.


KGI Securities has given an “Outperform” rating on Plan B Media Public Company Limited (SET: PLANB) with a target price at ฿10.00/share.

KGI Securities stated that it believes PLANB’s earnings bottomed out in 2021 at Bt64mn (958% YoY) due to climbing costs. Earnings should improve in 2022 driven by i) economic recovery pushing more spending in the OOH industry, including PLANB’s OOH media, ii) additional capacity of Bt1.0bn from acquiring Aqua Ad Co.,Ltd (AA) and Boardway Media Co.,Ltd (BWM), and iii) new revenue streams from the Winter Olympics and Asian Games. KGI Securities raised its earnings forecasts to Bt943mn (+1,333% YoY) in 2022F and Bt1.0bn (+8% YoY) in 2023F to factor in the brighter outlook for this year and the acquisitions of AA and BWM.

Moreover, the securities company also raised its 2022 target price to Bt10.00 (PER 45.5x, +1.0 SD), from Bt9.60, and maintained a rating of Outperform on the back of expected strong earnings growth in 2022.