Stocks in Focus on December 9, 2022: JWD and RATCH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 9, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on JWD Infologistics Public Company Limited (SET: JWD) with a target price at ฿26.00/share.

FSS stated that the EGM approved the merger with SCGL yesterday. JWD will raise its capital by issuing 791mn new shares at Bt24.02 apiece to trade them with SCGL’s shareholders. Although the shares of JWD will increase by 78%, the 1x higher profit should fully offset the dilution.

JWD currently trades at a 2023 PE of 34x and EV/EBITDA of just 16x, lower than its historical average PE of over 40x and EV/EBITDA of over 20x. Post-merger, SCGJWD will enjoy a larger customer base and higher bargaining power. Also, duplicate costs will be reduced. The merger will give JWD access to all customers under the SCC Group and help it expand to countries within SCGL’s network. Also, SCGJWD will become ASEAN’s largest player.


Krungsri Securities (KSS) has given a “BUY” recommendation on RATCH Group Public Company Limited (SET: RATCH) with a target price at ฿54.00/share.

KSS stated that RATCH is one of the runner-up to SET50 inclusion as well as the acquisition of 5,200MW electricity sales from the Energy Regulatory Commission. Moreover, RATCH pays consistent dividend yield at an average of 5%.