Stocks in Focus on May 23, 2022: CKP and CBG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 23, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on CK Power Public Company Limited (SET: CKP) with a target price at ฿6.50/share.

MST expected CKP’s earnings to recover in 2Q-3Q22, leading to outstanding profits after a small profit in 1Q22, driven by China’s dam release and heavy frequent rain, about a month earlier than usual. CKP aims to double the power plant capacity to 4,800MW. Moreover, the 1,460MW Luang Prabang power plant recently signed a tariff MOU, lifting capacity to 3,627MW due to the new supply contract.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Carabao Group Public Company Limited (SET: CBG) with a target price at ฿128.00/share.

FSS stated that the tone of an analyst meeting with CBG last Friday was positive as the company sees revenue and margin to recover in 2Q22 in Cambodia, Myanmar and China. CBG projected revenue to grow 50% YoY, while aluminium costs will decrease in 3Q22, following lower global prices, while the company is planning to change its package to be lighter and thinner. 

CBG stated that it will maintain the selling price at THB10 for the next six months and will adjust its strategy afterward. The company will expand its business into Vietnam and consider establishing a factory in China.