Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 25, 2022.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Interlink Communication Public Company Limited (SET: ILINK) with a target price at ฿12.00/share.
FSS stated that ILINK offered the lowest bid for the Bt1.8bn project to lay submarine cables to Koh Tao. Also, it has passed all qualification checks. ILINK expects contract signing next month, which will send its backlog to Bt3bn. The cable distribution unit remains bright. It will begin marketing new products, i.e., low-smoke zero-halogen, which would respond to the ESG early next year. Also, the demand for signaling cables remains high.
FSS expected the 2H22 profit to increase H-H and maintain its profit growth estimate of 16% Y-Y in 2022 and 15% Y-Y in 2023. ILINK currently trades on a PE of only 11x.
ILINK has support at Bt8.20-8.10 and resistance at Bt8.50-8.60//9.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Retail Corporation Public Company Limited (SET: CRC) with a target price at ฿43.00/share.
MST expected 2H22 performance to recover, supported by better economic activities and tourism. Meanwhile, the company expected to expand its branches in the second half of this year (Robinson Thai Watsadu). The company has efficient SG&A control, while its gross profit margin has a potential to grow continuously.