Stocks in Focus on April 29, 2022: MAJOR and IIG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 29, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Major Cineplex Group Public Company Limited (SET: MAJOR) with a target price at ฿25.50/share.

MST stated that it believed the earnings would recover marginally in 1Q22 before growing strongly in 2Q22. More blockbuster movies will be released during summer while concern on Covid is easing, with more out-of-home activities. MAJOR should deliver YoY growth in every quarter this year, with expected 2022E profit of 677 million baht, from core loss of 832 million baht in 2021.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on I&I Group Public Company Limited (mai: IIG) with a target price at ฿41.00/share.

FSS expected IIG to report 17% QoQ and 136% YoY growth in 1Q22, recording a new high and accelerating at a higher rate than anticipated due to higher revenue, while the overall momentum remains strong throughout the year. The existing backlog covers around 70% of estimated revenue this year.

FSS expected net profit in 2022 to grow 50%, while the plummet in share price of 42% YTD create a wider upside to the target price.