Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 5, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on TPI Polene Public Company Limited (SET: TPIPL) with a target price at ฿2.50/share.
MST stated that TPIPL’s management expects 2H22 earnings will continue its record breaking pace set in 1H22. It targets a 15% YoY rise in EBITDA this year driven by recent project investments. MST raised its 2022 earnings forecast by 57% and now expected 2022 core profit of THB5.889b, up 11% YoY. The stock’s valuation is cheap, trading at 0.6x FY22E P/BV and 5.5x P/E.
Its FY23E TP of THB2.50 is based on 10x P/E, a discount to the 14x average 10-year forward P/E of the construction materials sector, as TPIPL is undergoing a litigation case.
Krungsri Securities (KSS) has given a “BUY” recommendation on WHA Corporation Public Company Limited (SET: WHA) with a target price at ฿4.90/share.
KSS stated that the management revised up its land sales this year to 1,650 rais from 1,250 rais after big EV producers from China agreed to purchase 600-700 rais, resulting in more than 1,100 rais sold as of today.