Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 8, 2022.
Krungsri Securities (KSS) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (SET: CPF) with a target price at ฿31.50/share.
KSS expected CPF to report 2Q22 earnings around 4.9 billion baht, representing an increase by 79% QoQ and stable YoY. The performance in the quarter would be boosted by rising pork prices in Thailand, Vietnam, and especially China that should turnaround CTI’s operation to positive.
Krungsri Securities (KSS) has given a “BUY” recommendation on Indorama Ventures Public Company Limited (SET: IVL) with a target price at ฿60.00/share.
KSS stated that there is no pressure from the government’s intervention on the company. 2Q22 earnings were expected to remain at a high level from revenue recognition of sales volume and Oxitino in Brazil for the full quarter.