Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 12, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) with a target price at ฿28.00/share.
MST stated that BDMS reported 1Q22 net profit of THB3.4b (+32%QoQ, +157%YoY), 17% beat the forecast. The better-than-expected results were caused by improved EBITDA margin. Revenues increased by 6% QoQ and 42% YoY to THB23.1b. SG&A to sales dropped significantly to 17%, from 21% in 4Q21 and 20% in 1Q21. This was because of the higher revenues from fly-in patients which increased 72% YoY.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on GFPT Public Company Limited (SET: GFPT) with a target price at ฿16.30/share.
MST expected GFPT’s 1Q22 profit to come in at THB241m (up 4x from THB61m in 1Q21), driven by higher sales both domestically and exported. Combined with an improved gross margin of 11.9%YoY and a 254%YoY increase in associate’s profit share, the company also benefits from weak baht, which is an additional positive catalyst.
