Stocks in Focus on May 11, 2022: AP and BJC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 11, 2022.


KGI Securities has given an “Outperform” rating on AP (Thailand) Public Company Limited with a target price at ฿12.80/share.

KGI Securities stated that AP reported an impressive 1Q22 net profit of 1.7 billion baht (+23% YoY, +74% QoQ). The result was 14% above its expectation due to greater-than-expected low-rise transfers. Looking ahead, the securities company expected YoY earnings momentum to remain healthy through 2022F backed by solid low-rise performance and two condominiums ready to start transfers in 3Q22F.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Berli Jucker Public Company Limited (SET: BJC) with a target price at ฿42.00/share.

MST stated that BJC reported 1Q22 profit of 1,246 million baht, beating the forecast by 9%, driven by better than expected sales. BigC saw SSSG turning back to positive quarterly (+2.9%), the first positive in 3 years. The 2Q22 outlook is expected to grow continuously from both BigC and the packaging business.