Stocks in Focus on June 24, 2022: BCH and BGRIM

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

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿28.50/share.

FSS stated that the 2Q22 earnings outlook is expected to slow down due to the low season and easing Covid-19 situation. However, the market would look past this as core operations remained strong from domestic and international patients as well as income from SSO. The company had a new opening hospital in the past 1-2 years that does not weigh the revenue down.

FSS expected 2022-23 earnings at -32% YoY and -58% YoY, but 2023 net profit should be higher than the pre-Covid level by 50%. FSS saw limited downside in the short-term and should have a technical rebound.

 

Maybank Securities (MST) has given a “BUY” recommendation on B.Grimm Power Public Company Limited (SET: BGRIM) with a target price at ฿40.00/share.

MST stated that the gas prices are constantly slowing down, giving a positive sentiment to SPP, coupled with an adjustment in Ft for May-August with a potential to continue going up later this year that could be another positive factor to the company. Meanwhile, the company also has a mid-term growth from gradual capacity increase.