Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 5, 2022.
FSS stated that the announcement of BRI establishing a JV with Nomura Real Estate Development Co., Ltd., to develop horizontal projects worth 2.6 billion baht by holding a stake of 51% and 49% for Nomura in the two projects. The signing date was on March 25, 2022, resulting in outstanding earnings in the first quarter from realizing the sales of the two projects along with management revenue of around 130 million baht.
FSS revised BRI’s net profit growth forecast for 2022-23 up to 102% and 20%, respectively, and also revised the target price up to THB14.20 per share.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿18.80/share.
MST stated that SNNP’s sales revenue are growing domestically and internationally following the easing lockdown restrictions and launching of new products. The new factory in Vietnam will start production in July, while having growth potential in the Indonesian market, which is an upside to MST’s estimate. Rising feed costs are offset by higher margin of its new products.