Stocks in Focus on May 6, 2022: SMT and GFPT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 6, 2022.


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

FSS stated that SMT’s 1Q22 earnings were in line with estimates, growing QoQ and YoY and expecting to accelerate in 2Q22 with a potential for a record high, boosted by higher orders and relaxing supply shortage. The war in Ukraine and lockdown in China still have limited impact on SMT. The 1H22 outlook remained positive, while the 2H22 outlook still needed to be monitored. FSS estimated 2022 earnings to grow 12.9%.

Lastly, FSS stated that it had a neutral to slightly negative view on the latest news of the company initiating Bitcoin mining business, seeing high investment, coupled with fluctuating Bitcoin price. Moreover, the mining business does not create synergy to its current businesses.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on GFPT Public Company Limited (SET: GFPT) with a target price at ฿16.30/share.

We expect 1Q22 profit of THB241m (up 4x from THB61m in 1Q21), driven by higher sales both domestically and exported. Combined with an improved gross margin of 11.9%YoY and a 254%YoY increase in associate’s profit share, the company also benefits from weak baht, which is additional positive catalyst.