Stocks in Focus on March 4, 2022: CRC and SAWAD

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 4, 2022.


Asia Wealth Securities (AWS) has given a “Trading” recommendation on Central Retail Corporation Public Company Limited (SET: CRC) with a target price at ฿42.00/share.

AWS stated that CRC has a strong 1Q22 net profit outlook after SSSG 1Q22QTD continually growing from 4Q21 in all countries and businesses. Start new business development of health and wellness. Net profit in 4Q21 at Bt2.37bn from loss in 3Q21. Announce dividend payment of Bt0.30 per share, post XD on 5 May and pay on 27 May.


KGI Securities has given an “Outperform” rating on Srisawad Corporation Public Company Limited (SET: SAWAD) with a target price at ฿81.00/share.

KGI Securities stated that SAWAD will resume its loan growth in high-yield segments (motorcycle leasing and P-Loan), while its operation in Fast Money (JV with GSB) will perform better in 2022. KGI Securities assumed average earnings growth of 10% each in 2022/2023 after the huge reversal in provisioning expense of Bt450mn booked in 2021.

The securities company maintained a rating of Outperform to reflect the company’s ability/platform to expand new businesses in high margin to offset weakness in the segment, and low D/E ratio to grow loans. Applying PE 20x, the same as Muangthai Capital (SET: MTC).