Stocks in Focus on December 7, 2022: BEM and UBA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 7, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Expressway and Metro Public Company Limited (SET: BEM) with a target price at ฿9.90/share.

FSS expected the 4Q22 profit to accelerate Q-Q and Y-Y, in line with seasonality and the complete reopening. It should support higher traffic and ridership. FSS anticipated the 2022-2023 profit to jump by 152% Y-Y and 64% Y-Y, respectively.

The long-term growth should see support from its win in the Orange Line auctions. FSS stated that since it has not incorporated it into its estimate, it should provide an upside to its target price. BEM has support at Bt9.15//9 and resistance at Bt9.4//9.6


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Utility Business Alliance Public Company Limited (mai: UBA) with a target price at ฿2.15/share.

FSS stated that UBA is a leader in integrated operation and maintenance for BMA’s wastewater treatment plants, with the highest market share of 51%. In 2022-2024, FSS expected high revenue and profit growth of 42% and 33% CAGR due to its sizable backlog of over Bt1.6bn. Also, it may win several additional new wastewater treatment contracts from BMA.