Stocks in Focus on April 22, 2022: KBANK and SMT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 22, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿185.00/share.

MST stated that weaker asset quality QoQ in 1Q22 is in line with its view that problem loans will gradually increase once the debt-relief measures end. However, MST expected credit cost to decline YoY in FY22-24E as KBANK had already preemptively downgraded these loans to NPLs and set aside extra expected credit loss (ECL). MST stated that it likes KBANK’s strategy to increase the size of its high margin businesses before unlocking value for shareholders. In addition, MST recommended BUY with a target price of THB185 (0.86x FY22E P/BV, 9.3% ROE). 


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Star Microelectronics (Thailand) Public Company Limited (SET: SMT) with a target price at ฿6.00/share.

FSS stated that 1Q22 potential earnings should be better than expected with a gain of 17% QoQ and 6% YoY due to a recovery in cost problem in the previous quarter, resulting in a recovery in income and margin. FSS expected the performance in 2Q22 to accelerate from higher orders throughout the quarter to the third.

FSS sees better-than-expected earnings potential, which led to a revised up net profit estimate this year from 5% growth to 13%, giving a support level for the share price at THB5-4.90 and a resistance level at THB5.25-5.30//5.50 per share.