Stocks in Focus on August 30, 2022: PRM and SPA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 30, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Prima Marine Public Company Limited (SET: PRM) with a target price at ฿7.90/share.

FSS expected profit recovery should continue in 2H22, in line with increased oil transport and full utilization of the new vessels taken delivery in May – June. They included one VLCC and nine crew boats. Also, PRM will take delivery of one more vessel in 4Q22.

FSS expected the 2022-2024 profit to jump by 17% CAGR. PRM should have fixed revenue at about 45% of its total revenue. It trades at a PE of only 13x, lower than its historical average of 20x.

PRM has support at Bt5.70//5.40 and resistance at Bt6.15//6.40.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Wellness Group Public Company Limited (SET: SPA) with a target price at ฿11.00/share.

MST upgraded SPA’s revenue forecast to be relevant to economic recovery in the tourism sector that is going at a faster pace. Meanwhile, the company has good profit margin along with outstanding cost control management. In this regard, MST expected SPA to return to book profit starting 3Q22 onward.