Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 26, 2023.
KGI Securities (KGI) has given an “Outperform” rating on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at TP at ฿260.00/share.
KGI expected ADVANC to report a 4Q23F core profit of Bt7.73bn (+14% YoY, +2% QoQ). The growth would be driven by the high season, more rational pricing on most packages in mobile and FBB in tandem with cost efficiency.
The Outperform call stands with a higher target price of Bt260.00 (DCF, WACC 6.7%) following KGI’s earnings upgrades of 2-5% in 2023-25F, reflecting the contributions of TTTBB and JASIF. Momentum should be fueled by earnings growth on the decent rise in ARPU for mobile and FBB.
Daol Securities (DAOL) has given a “BUY” recommendation on CK Power Public Company Limited (SET: CKP) with a target price at ฿4.20/share.
DAOL upgraded its recommendation and target price of CKP from “Hold” to “Buy” and from THB3.90 to THB4.20 per share. The brokerage company expected higher net profit in 4Q23 due to the typhoon season and El Nino could end by mid-2024, which is earlier than previously anticipated.
Normalized profit in 4Q23 is estimated at 476 million baht (+70% YoY, -52% QoQ). The YoY increase would be due to the delayed typhoon from 3Q to 4Q, resulting in more rain water for production. Meanwhile, the decline in QoQ would be due to seasonality reasons.
Full year net profit in 2023-24 is expected at 1.4 billion baht (-48%) and 1.6 billion baht (+20%), which is up from the previous forecast by 55% and 60%, respectively.
