Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 26, 2022.
Krungsri Securities (KSS) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿170.00/share.
KSS expected KBANK to benefit from an interest rate uptrend with its high proportion of low-cost saving deposit, while loan structure has a higher proportion of floating interest than fixed rate, resulting in benefiting from an interest rate uptrend more than other banks.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on JWD Infologistics Public Company Limited (SET: JWD) with a target price at ฿23.00/share.
FSS stated that the 3Q22-4Q22 profit should improve, in line with seasonality and the start of its new businesses. Also, its cold storage unit sees strong growth. In particular, PACM Cold Storage started operation in April. It is running at 100% capacity. The cold storage in Saraburi will begin its services in October. PACT, its JV with TU, will operate in 1Q23, while its warehouses have a 100% occupancy rate nearly all the time.
Self-storage will introduce one more branch each month with CPN. It targets a service area of 100,000 SQM within five years. Management maintains its revenue forecast of Bt10bn and a net margin of 15% by 2025-2026, which is achievable, in FSS’ view. Thus, FSS reiterated its profit growth estimate of +32% Y-Y in 2022 and +15% Y-Y in 2023.
JWD has support at Bt17.5//17 and resistance at Bt18.5-18.7.
