Stocks in Focus on May 24, 2022: UBE and MAJOR

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 24, 2022.


KGI Securities has given an “Outperform” rating on Ubon Bio Ethanol Public Company Limited (SET: UBE) with a target price at ฿2.90/share.

KGI Securities stated that it had a positive view on UBE after the 1Q22 analyst meeting. It expected UBE’s 2Q22 earnings to be flat QoQ despite 14-day planned shutdowns of ethanol and starch plants in the quarter. Higher expenses from maintenance shutdown in 2Q22 would be offset by higher earnings from its starch & flour business QoQ, supported by a larger sales volume of organic starch with high margin. In addition, KGI Securities believed the share price will be supported by another good performance in 2Q22 despite the two-week planned shutdowns. The securities company also expected significant earnings growth in HoH in 2H22 on the back of larger sales volume in organic starch and flour from recovering economic prospects of western countries. 


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Major Cineplex Group Public Company Limited (SET: MAJOR) with a target price at ฿25.50/share.

MST expected MAJOR’s earnings to turnaround significantly from 2Q22 onwards, underpinned by favourable box office income after the reopening. More upcoming blockbuster movies, resumed seating capacity and expanded showing time would ensure the strong admission income. F&B, advertising, rental and movie production income are also in the uptrend.