Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 22, 2022.
Kasikorn Securities (KS) has given a “BUY” recommendation on Aeon Thana Sinsap (Thailand) Public Company Limited (SET: AEONTS) with a target price at ฿249.00/share.
KS stated that AEONTS will benefit from the economic reopening, expecting credit card business to have a positive momentum in a weak economy, but no recession.
The stock has positive momentum from the potential wage raise later this year that should push purchasing power in card holders.
Meanwhile, the share price is inexpensive, trading at 9x PER22 and 1.8x PBV, the same level as its 17-year average data.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on The Erawan Group Public Company Limited (SET: ERW) with a target price at ฿4.00/share.
MST stated that ERW’s 2Q22 net loss showed improvement to -151 million baht as occupancy and room rate increased, expecting 2H22 to grow significantly following the return of tourist arrivals that also grew significantly as well.
