Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 23, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Krung Thai Bank Public Company Limited (SET: KTB) with a target price at ฿19.00/share.
MST revised KTB 2022-23 earnings by 8-10% due to higher NIM and lower cost. The securities company had a positive outlook on KTB’s asset quality, coupled with inexpensive valuation at 0.6x PBV and 7x PER, which is lower than average of its peers of 0.8x PBV and 9x PER.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (SET: CK) with a target price at ฿25.00/share.
FSS stated that it had a bullish view of the 2H22 profit due to the gross margin. The securities company expected it to recover from an improved project mix. In particular, the South Purple Line progressed, while the double-track project (Denchai) had a solid margin. Also, SG&A should decrease substantially after allocating its employees to new projects. The labor shortage remains under control, and the minimum wage hike would have limited impacts since its pay is already higher.
Currently, CK has a backlog of Bt63bn. Besides, it may increase due to mega projects, such as the Luang Prabang power plant, the Orange Line, and potentially new auctions late this year and early next year, amounting to Bt390bn. FSS stated that CK is its top pick in the contractor sector.
