Stocks in Focus on October 20, 2022: PRM and TLI

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 20, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Prima Marine Public Company Limited (SET: PRM) with a target price at ฿7.90/share.

FSS stated that the 3Q22 outlook for PRMis bright, expecting the profit to increase (+3% Q-Q, +38% Y-Y) since the vessels delivered in 1H22 ran at 100% capacity. Also, PRM will take one more delivery in 4Q22.

The weak Baht has a slightly positive impact. Although PRM has a U.S. dollar-denominated loan of roughly US$40mn, the U.S. dollar revenue (60% of total revenue) will more than offset it. PRM is a reopening play that still lags behind its peers. It currently trades on a 2023 PE of just 12x. PRM has support at Bt6//5.6 and resistance at Bt6.5-6.6//6.85.


Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Life Insurance Public Company Limited (SET: TLI) with a target price at ฿20.00/share.

KSS stated that TLI would receive a positive sentiment from rising US bond yields to its 14-year high and the possibility to be listed in MSCI and FTSE in the upcoming rebalance at the end of this year.