Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 20, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on R&B Food Supply Public Company Limited (SET: RBF) with a target price at ฿15.00/share.
MST expected RBF’s 4Q22 earnings to recover QoQ and YoY, supported by lower material prices that would result in higher gross profit margin. Moreover, its effort to expand the market to cover the majority market in Asia would also drive its revenue from overseas higher.
KGI Securities (KGI) has given an “Outperform” rating on Sunsweet Public Company Limited (SET: SUN) with a target price at ฿5.50/share.
SUN is expected to report a 4Q22F net profit of Bt69mn (+5% YoY, +114% QoQ), growing mainly on FX gain. Sales revenue is projected to drop 15% YoY and QoQ due to lower sales volume because of a shortage of raw material (sweet corn). GPM should drop QoQ as the baht appreciated. However, KGI expected conditions to improve next year and maintain its 2023F net profit forecast of Bt239mn (+52% YoY). KGI maintained a rating of Outperform on SUN as the firm believed earnings have already bottomed out while FX gain should offer upside risk next year. KGI’s 2023 target price is Bt5.50, based on 14.8x PER (=1.0SD PER).