Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 10, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Express and Metro Public Company Limited (BEM) with a target price at ฿11.62/share.
MST stated that the number of service users on the expressway and electric trains passengers are gradually recovering, growing +16%YoY and 21%YoY in April, respectively. Coupled with onsite school reopening, more workers returning to work at the office, as well as a higher number of foreign tourists, these will be further boosts for the earnings. MST noted that there will also be a dividend income in 2Q22 and the Orange Line is expected to become an additional upside.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Commercial Asset Management Public Company Limited (BAM) with a target price at ฿25.50/share.
FSSIA expected 2Q22 earnings to increase significantly month-on-month from higher revenue, NPA and efficient cost control. Earnings in 2022 were estimated to grow 23% with a strong recovery after several bumps from Covid-19 outbreak last year.
FSSIA noted that BAM is still laggard compared to other AMC stocks in the market and currently trading at 20x PER, which is below its peers.
