Stocks in Focus on March 31, 2022: PLANB and SHR

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 31, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Plan B Media Public Company Limited (SET: PLANB) with a target price at ฿9.60/share.

MST stated that the target of utilisation rate of at least 60% is far from the break-even point of 40%, ensuring that PLANB has closed its doors for losses this year. The rate bottomed out in 3Q21 at 34.9% and rebounded to 54.2% in 4Q21. Despite 1Q22 earnings may weaken due to Omicron, it should speed up in 2Q22 from a low base in 1Q21, double growth in 1Q22.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on S Hotels and Resorts Public Company Limited (SET: SHR) with a target price at ฿5.20/share.

FSS stated that SHR’s operations in Maldives and UK are very strong with occupancy rates over 70% and 50%, respectively. Meanwhile, the ongoing war in Ukraine has limited impact on the business as Russian tourists accounted for 16% of tourists in Maldives, while believing that other international markets could offset this loss. 

FSS expected SHR’s RevPar in 2022 to rise above the pre-Covid level, which will accelerate its growth. Net profit forecast in 2022-23 is estimated at 117 million baht and 512 million baht, respectively.