Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 19, 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 record 4.9 billion baht of net profit in 2Q22, representing a 79% increase in QoQ and flat YoY. The performance will be boosted by rising pork prices in Thailand, Vietnam and China. The price increase in China should significantly lower the loss in CTI, compared to the first quarter this year.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (SET: PTTEP) with a target price at ฿170.00/share.
MST expected PTTEP to record 20 billion baht of net profit in 2Q22, representing an outstanding growth in QoQ and YoY. The increase will be boosted by higher sales volume and average selling price following the direction of crude oil and gas prices. MST expected crude oil prices to remain at a higher level at 2H22, which would benefit PTTEP’s 2H22 performance.