Stocks in Focus on May 20, 2022: ECL and CPN

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 20, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Eastern Commercial Leasing Public Company Limited (SET: ECL) with a target price at ฿3.80/share.

MST estimated ECL’s 2Q22 earnings to grow QoQ and YoY due to higher interest income along with potential growth of its loan portfolio this year. The new business in car-title loans will boost its overall performance and net profit starting mid-year onwards.

In addition, MST stated that the current valuation of ECL is inexpensive and attractive for accumulation.


Kasikorn Securities (KS) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿66.50/share.

KS stated that the target price at THB66.50 was due to 1) investment plan worth 150 billion baht in the next two years to increase its total projects to 186 projects and emphasize investors confidence on growth, 2) reopening to boost traffic in department stores and 3) upside risks from increasing foreign tourists and their purchasing power.