Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 20, 2022.
KGI Securities has given an “Outperform” rating on Kiatnakin Phatra Bank Public Company Limited (SET: KKP) with a target price at ฿81.50/share.
KGI Securities stated that KKP reported 1Q22 earnings of 2.0 billion baht (+2% QoQ, +40% YoY). The result was 40% above the forecast and 18% above the consensus due to a sharp fall in loss on selling repossessed cars and solid fee income. Going forward, KGI Securities saw solid earnings in 2Q22F from IB fee income. With the improving loss on selling repossessed cars and solid fee income, KGI Securities raised its earnings forecasts 9%/8% in 2022/2023, raised the 2022 target price to THB81.50 (PE 10x) and upgraded the counter to Outperform, from Neutral.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Global House Public Company Limited (SET: GLOBAL) with a target price at ฿26.35/share.
MST expected 1Q22 profit of 987 million baht (+33%QoQ, +2%YoY), a new high driven by strong demand for building materials. MST expected that this will be boosted by price adjustments to reflect higher costs while SSSG is expected to remain strong at 7%.
