Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 27, 2022.
Finansia Syrus Securities (FSS) has revised up its income estimate and target price for the Thai banking sector after reporting stronger-than-expected profit in 4Q21, mainly from fees income and lower provisions. Operations have positive momentum to develop continuously in 2022. FSS revised the estimated income of Kiatnakin Phatra Bank Public Company Limited (SET: KKP) in 2022-2023 by 5-6% from higher net interest income and fee income that has growth potential, coupled with lower provision. KKP’s profit in 2022 is expected to increase 12% to 7.1 billion baht, a record high. FSS expected KKP to enter the growth stage with 13% profit growth in the next three years (2022-2024), revising the target price from Bt74.00 to Bt80.00 per share.
In addition to the estimated revision of KKP, FSS also revised up Kasikornbank Public Company Limited (SET: KBANK)’s target price from Bt172 to Bt180 per share. 2022-23 profits are expected to increase by 8% and 6%, respectively, reflecting improved NIM and asset quality.
