Stocks in Focus on September 9, 2022: CK and BEM

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 9, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (SET: CK) with a target price at ฿25.00/share.

FSS expected the 3Q22 profit to accelerate Q-Q and Y-Y due to its associates’ performance recovery. In particular, BEM benefits from the reopening while CKP enters its high season. Also, CK would record dividends earned from TTW.

CK has catalysts from BEM’s win in the unofficial results of the Orange Line’s auctions. It may get contracts for the West section of the Line, which would drive its backlog to surpass Bt100bn. It would support its long-term growth and turn its contractor business into an uptrend. FSS expected the normalized earnings to jump by 8x Y-Y in 2022 and 64% Y-Y in 2023.

CK has support at Bt21.50 and resistance at Bt22.50//23.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Expressway and Metro Public Company Limited (SET: BEM) with a target price at ฿11.62/share.

MST stated that the winning bid for the rapid rail transit system Orange Line Bang Khun Non-Min Buri could add upside to the company’s revenue forecast and target price by THB1.91 per share. Meanwhile, revenue recognition from expressway and train businesses were expected to continue growing in 2H22.