Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 16, 2022.
DBS Vickers Securities (DBSVS) has given a “BUY” recommendation on Bangkok Bank Public Company Limited (SET: BBL) with a target price at ฿210.00/share.
DBSVS stated that BBL will benefit from rate hike trends to boost 2Q22 earnings as interest income would increase YoY and stable QoQ. Operating costs would fall YoY and QoQ, as well as lower expected-credit loss compared to the previous quarter. Non-NII should decrease YoY and QoQ. As at the end of March 2022, BBL’s NPL ratio increased to 3.3%, Capital Adequacy Ratio at 19.5%, Tier 1 ratio at 16.0%.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿18.80/share.
MST stated that SNNP’s domestic sales continue to grow in 2Q22, with MoM growth in April, May and June due to the reopening and launching of new products. The 2Q22 bottom line tends to remain solid, showing both QoQ and YoY growth to reach the second best quarter, behind only that of 4Q21. A new production facility in Vietnam would be commercially run in September or October this year as planned.
