Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 9, 2022.
Pi Securities (PI) has given a “BUY” recommendation on Thai Oil Public Company Limited (SET: TOP) with a target price at ฿67.00/share.
PI stated that the overall outlook in 1Q22 and 2022 is positive from rising gross refining margin to support its profit growth as well as a cushion for downside risk of share price. Moreover, PI was also positive on TOP’s strategic plan to adjust its capital as the investment in CAP will pave the way to higher performance olefins business.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Sappe Public Company Limited (SET: SAPPE) with a target price at ฿33.00/share.
FSS expected 1Q22 earnings to increase 136% QoQ and 50% YoY due to no extraordinary items weighing on expenses in 4Q21, while higher exports would offset weakening domestic sales. The company had plenty of Pet Resin until mid-2022, and with product mix, the company could maintain its gross margin at a higher level.
Earnings in 2Q22 are expected to accelerate due to its peak season, along with more new products. The Indian market has rapid growth rate and potential outlook.
