Stocks in Focus on October 12, 2022: CBG and STANLY

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 12, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Carabao Group Public Company Limited (SET: CBG) with a target price at ฿102.20/share.

FSS expected the 3Q22 profit at about Bt680-700mn. It would jump Y-Y due to last year’s low base. However, it would decrease Q-Q, in line with international sales weakness. Domestic sales should extend their growth in line with the energy drink market growth. The margin should be steady due to the high-priced aluminum inventory.

The profit recovery should accelerate in 4Q22 due to lower aluminum costs. FSS expected the profit to be flat Y-Y in 2022. However, it would jump by 18% Y-Y in 2023, in line with domestic and export sales recovery and lower aluminum costs. CBG currently trades on a low 2023 PER of 23x, lower than its historical average of 28-30x.

CBG has support at Bt80 and resistance at Bt84-85.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Thai Stanley Electric Public Company Limited (SET: STANLY) with a target price at ฿240.00/share.

Its performance should recover sooner than peers due to its excellent raw material management. Since STANLY tags most of its imported raw material purchases along with the Stanly Group, it results in high bargaining power. Also, it does not carry high-priced raw materials much. In 3Q22, plastic resin pellet prices sharply decreased, while revenue should recover (+6% Q-Q, +16% Y-Y). Also, STANLEY would record dividends earned from its associates. Hence, FSS expected the net profit to jump by 28% Q-Q and 52% Y-Y. In the future, the profit recovery should continue. STANLY currently trades on a PER of 6.4x and offers a dividend yield of 6%.