Stocks in Focus on June 20, 2022: NETBAY and PSL

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


Maybank Securities (Thailand) has given a “BUY” recommendation on Netbay Public Company Limited (mai: NETBAY) with a target price at ฿31.60/share.

MST expected 2H22 earnings to grow 21% HoH, driven by a recovery in imports and exports between Thailand and China, combined with the introduction of iBox, an e-Document workflow platform, which will further boost profits. A new product offering called iBox represents potential upside to our 13% CAGR core net profit forecast for FY22-25E.


Kasikorn Securities (KS) has given a “BUY” recommendation on Precious Shipping Public Company Limited (SET: PSL) with a target price at ฿25.50/share.

KS expected PSL to benefit from a recovery in BDI after China’s imports data showed an increase in iron ore by 7.6% MoM and 3.2% YoY to 92.5 million tonnes, the highest since January 2022. KS expected China to continue accelerating importing iron ore in 2H22 after the government’s plan to boost infrastructure investment.

PSL also has two new vessels, expected to arrive in late 2Q22 and 3Q22.