Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 10, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on AAPICO Hitech Public Company Limited (SET: AH) with a target price at ฿44.00/share.
MST maintained its estimate of 10-15% growth for AH this year, which is higher than its peers in the auto industry that saw 1.95 million of production (+3.5%). Growth in 2023 is driven by 1,100 -1,200 million baht of order for Ford, new order from Vinfast around 900-1,000 million baht and more expansion of auto showrooms.
KGI Securities (KGI) has given an “Outperform” rating on Siam City Cement Public Company (SET: SCCC) with a target price at ฿182.00/share.
KGI stated that SCCC should ink a 2Q23F net profit of THB724 million (-5% QoQ, -47% YoY) and core profit of THB472 million (-10% QoQ, -73% YoY). Earnings should slip QoQ due to holiday, while the drop YoY would be from broad-based high base effect. The outperform call stays with a target price of THB182, pegged at 15.3x PE (10-year historical ream). SCCC offers a cheap valuation (below P/E historical mean) with an enticing dividend yield of c.7% p.a.
