Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 17, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿185.00/share.
MST stated that the overall outlook in 2022 is expected to move in line with the economic recovery in Thailand. Currently, KBANK is trading at PBV 0.7x, which is lower than SCB which is currently trading at 1x. Meanwhile, KBANK will have advantageous on the rate hike trends over SCB due to holding a 38% stake in Muang Thai Insurance Public Company Limited (SET: MTI).
Capital Nomura Securities (CNS) has given a “BUY” recommendation on Bluebik Group Public Company Limited (mai: BBIK) with a target price at ฿74.00/share.
CNS estimated BBIK’s 3-year net profit CAGR at 44% and 2022 net profit should come in at 97 million baht, representing an increase by 46% YoY. The company had 385 million baht of backlog at the end of 2021 and will recognize around 245 million baht this year, approximately 62% of total revenue in 2022. CNS also expected more backlog to come this year.
