Asia Plus Securities picks 14 stocks with good fundamentals worth picking up after deep price declines and profits past the breakeven point Assessing the performance trend for the 1st quarter of 2022, there is an opportunity to recover . Reflected by the lowest inflation in February in 13 months, supporting the SET Index to recover well in the coming period.
Research Department, Asia Plus Securities (ASPS) revealed through analysis. Under the Thai stock market, touch the brakes. Find stocks that touch the accelerator, such as “low 4Q22 profit stocks, deep price decline, expecting 1Q23 profit to recover QoQ” through the following conditions: Period 1Q23 2. Stock price Laggard -> Return 3 .Basic support -> Upside> 10%
by acquiring 14 shares including SCC SCGP KBANK CPF TPIPL SCB NER SMT IFL EGCO BGRIM RATCH RS and GPSC
ASPS said after the listed company had a 4Q22 profit of 165 billion baht, a drop of -30% QoQ and -40YoY. The Net Profit Margin fell to just 3.84% (below the normal level of 7 – 8%).
However, overall listed company profits in 1Q23 are expected to have a chance to recover QoQ, reflected by inflation in February 2023 which has slowed to 3.79%YoY (the lowest in the last 13 months). by controlling costs to be more concise The 1st quarter content is usually a high season or the highest profit compared to other quarters.
The above factors are also in line with the research department’s study of the direction of the stock market, that is, after listed companies finish reporting bad financial statements. And after that, profits have continued to recover Q oQ, the stock market or SET Index always recovers well in the next period.
List 14 stocks with good fundamentals that are worth picking up.
Stock side by side Fair price (baht) 52 Week Return (ytd) RSI
SCC 11% 370.00 -13.10% -2% 48.21
SCGP 16% 62.00 -11.90% -6% 55.26
KBANK 13% 159.00 -14.50% -4% 50.86
CPF 18% 26.00 -17.00% -11% 31.21
TPIPL 42% 2.44 -9.90% -5% 40.56
SCB 26% 132.00 -13.50% -2% 57.7
NER 46% 9.00 -14.40% -3% 48.26
SMT 33% 6.60 -20.00% -2% 42.01
IVL 42% 52.00 -29.40% -10% 31.03
EGCO 31% 214.00 -13.90% -5% 37.18
BGRIM 30% 48.00 -11.70% -7% 33.8
RATCH 29% 51.00 -10.60% -8% 24.81
RS 26% 19.43 -16.30% -4% 40.19
GPSC 14% 76.00 -10.60% -9% 38.35
source: ASPS
