Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 23, 2021.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (CK) with a target price at ฿29.25/share.
AWS stated that there were positive factors in 2H21 for CK, supported by the progress of new projects, waiting for the auction of 4 projects and waiting for recognition of the backlog. Meanwhile, the Southern Purple Line Project which is expected to announce the results at the end of 2021 while the orange line which is expected to sell the auction envelopes within 2021 and sign the contract in 2022, but the 3Q21 outlook still has impact from the closure of worker camps. Consequently, net profits are expected to decline both QoQ and YoY.
Also, AWS revised their estimates for normal profit in 2022 to drop 16.5% from the previous, but still grow 67%YoY and will continue to grow in 2022 from the gradual recognition of backlog from government projects to come in continuously, most of them are electric trains which CK has high expertise in.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on Chularat Hospital Public Company Limited (CHG) with a target price at ฿4.40/share.
AWS expected CHG’s 3Q21 net profit to continue a new high, the situation of COVID-19 and the high season of the business is still a factor supporting revenue for growing up strong, while the income from contracting for heart center services will be a potential new revenue channel.
AWS revised up its 2021 net profit to reflect earnings growth which is better than expected and continuous growth.