Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 20, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Bank Public Company Limited with a target price at ฿200.00/share.
BBL reported 2Q23 net profit at THB11.2 billion, increasing 62% YoY, which was 9.4% higher than the market had expected. The increase was due to interest income from the rate-hike cycle. Loan segment expanded slightly while booking higher-than-expected non-interest income.
KGI Securities (KGI) has given an “Outperform” rating on Supalai Public Company Limited (SET: SPALI) with a target price at ฿24.60/share.
KGI stated that while 2Q23 presales weakened QoQ, it estimated earnings to rebound 60% QoQ to Bt1.7bn thanks to a meaningful increase in revenue and improved margins. We expect to see a stronger presales/earnings momentum in 2H23 given massive launches and more completion of new condo.
Amid softening in landed properties sales in Bangkok particularly the upper-end segment, SPALI targeting the mid-range market with large exposure in upcountry and modest portion of condo sale is likely to outshine its peers.
