Stocks in Focus on June 28, 2022: SPA and PSL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 28, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Wellness Group Public Company Limited (SET: SPA) with a target price at ฿9.60/share.

MST stated that the market is starting to U/G rating after better-than- expected tourist numbers from the government and the private sector. SPA should pass break-even point in 3Q22, turning to THB277 million profit in 2023, then make a new high of THB360 million in 2024. It is a good time to gradually accumulate stocks during July-August.


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 chose PSL as the Chinese government’s gradual easing lockdown, boosting the economy with infrastructure investment in which Beijing would need to import more raw material, resulting in higher BDI in 2Q22.

KS recommended Trading Buy on PSL or buy the dips and sell the rips, and in the PBV band of THB18/20.5/23/25.5 or +0.5SD to +2SD. Meanwhile, the company still has an upside as the two new vessels are excluded from the estimates that will be delivered in late 2Q22 and within 3Q22.