Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 24, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Beryl 8 Plus Public Company Limited (SET: BE8) with a target price at ฿70.00/share.
MST stated that 4Q22 earnings outlook is expected to continue to make new highs as the main business is growing well. Combined with the recognition of profits from X10, which will begin to recognise a full quarter for the first time in 4Q22. And it will begin to recognise profits from Bay Computing Co Ltd for the first time in 2023, these are as factors that support business growth.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Global House Public Company Limited (SET: GLOBAL) with a target price at ฿24.50/share.
MST stated that it trimmed FY23-24 earnings forecasts of GLOBAL by 1-3% due to softer-than-expected sales on below target store expansion. The 4Q22 earnings (due on 13 Feb) are likely to be soft due to seasonal effects and higher expenses. But MST stated that it expects earnings to accelerate in 1-2Q23 on high season and consumption recovery. Net profit should hit a fresh record again this year due to accelerated store expansion, both domestically and internationally. MST maintained its BUY call with a revised TP of THB24.50 (DCF, WACC 7.6%, G.3%) from THB26.35.
