Stocks in Focus on July 14, 2022: SAPPE and PTG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 14, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Sappe Public Company Limited (SET: SAPPE) with a target price at ฿43.00/share.

FSS stated that it expected the profit to hit a new high in 2Q22-3Q22 due to solid exports, increased production efficiency, and the Baht depreciation. They should help fully offset increased costs.

FSS expected the 2023-2025 profit to grow at an impressive rate of 18% CAGR. In particular, a new market, such as India, is becoming the next rising star after significant growth signals. It is experiencing maximum economies of scale due to a potentially 100% utilization rate in 2024 after capacity expansion in late 2023.

SAPPE has support at Bt35.50//34 and resistance at Bt37.25//38.50.


Kasikorn Securities (KS) has given a “BUY” recommendation on PTG Energy Public Company Limited (SET: PTG) with a target price at ฿17.00/share.

KS expected 2Q22 earnings at 400 million baht, representing an increase by 150% QoQ from rising GPM/liter. Higher sales volume around 7% QoQ would support SG&A/liter. Net profit in 2H22 should improve from the first half following the reopening. Meanwhile, the current valuation of PTG is cheap at 2023E PBV at 2.29x, -1SD, which is the opposite of its improving operations and positive sentiment from lower energy cost.