Stocks in Focus on October 19, 2022: KKP and CENTEL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 19, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kiatnakin Phatra Bank Public Company Limited (SET: KKP) with a target price at ฿92.00/share.

MST stated that KKP reported THB2.1b net profit for 3Q22, up 41% YoY (flat QoQ), in line with the forecast but beat consensus by 9%. 9M22 earnings jumped 44% YoY and reached 79% of MST’s full year forecast. Loans jumped 26% YoY and 7% QoQ driven by strong corporate and retail loans. MST preferred KKP for solid revenue and earnings growth and attractive valuation.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Central Plaza Hotel Public Company Limited (SET: CENTEL) with a target price at ฿54.00/share.

FSS expected the 3Q22 profit to jump by 425% Q-Q and turn from last year’s sizable loss, led by the Thai hotel recovery and the food unit’s continued robust SSSG. According to the latest data, RevPar picked up to 83%. Also, it may match its pre-covid level in 4Q22 due to the tourism industry’s high season. Although FSS cut its 2022 estimate, it still implies a profit from the 2021 loss. Also, FSS stated that it anticipated the profit to jump by 4x Y-Y in 2023.