Stocks in Focus on September 27, 2022: CPN and CPF

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 27, 2022.


FInansia Syrus Securities (FSS) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿85.00/share.

The 2H22 profit recovery should continue as normal lifestyle resumes. It would support store traffic to recover close to its pre-covid level. Also, rental discounts continue to decrease while negative international factors have limited impacts.

FSS expected the profit to jump by 244% Y-Y in 2022 and 33% Y-Y in 2023, supported by occupancy rate recovery at the existing stores and the acquisition of SF. Also, the long-term growth has support from its B120bn five-year investment plan, including shopping malls, residential projects, office buildings, and hotels. CPN has support at Bt65-64 and resistance at Bt68//70.


Phillip Securities (Thailand) (PST) has given a “BUY” recommendation on Charoen Pokphand Foods Public Company Limited (SET: CPF) with a target price at ฿29.00/share.

PST stated that even though the short-term meat prices weakened from the Vegetarian event, the firm still had a positive outlook for the remaining of this year as meat prices in Thailand and overseas remained high, while feed costs began to decline. The performance with JV tended to improve as well.