Stocks in Focus on March 24, 2022: BCH and FSMART

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 24, 2022.


KGI Securities has given an “Outperform” rating on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿28.00/share.

KGI Securities stated that it foresees solid performance in 1Q22 and revised up its FY22F-FY23F earnings projections i) raising YoY sales growth assumptions, ii) raising gross margin assumptions to reflect potentially stronger gross margins and iii) lowering SG&A/Sales. 

Hence, KGI Securities raised its 2022F and 2023F net profit forecasts to Bt4.49bn (-34.4% YoY) and Bt2.69bn (-40.1% YoY) respectively. KGI Securities maintained a rating of Outperform with a 2022 target price of Bt28.00 (DCF: WACC 7.5% and TG of 3.0%).


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Forth Smart Service Public Company Limited (SET: FSMART) with a target price at ฿16.00/share.

FSS raised FSMART’s target price to THB 16 per share on positive outlook of its “Tao Bin” kiosk that shows an increase in cup sales from 45 cups per day last year to 60 cups this year. The number of kiosks is expected to increase to 4,600 this year and 12,600 next year.

FSS stated that the company could increase its position in Forth Vending from 19% to 20-25%, which could potentially lead to a 53% and 62% increase in net profit of 2022-23, respectively.