Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 30, 2023.
KGI Securities (KGI) has given an “Outperform” rating on Krungthai Card Public Company Limited (SET: KTC) with a target price at ฿64.00/share.
KGI stated that KTC is benefiting from solid growth in credit card spending, which is boosting loans and merchant fees, while the government’s stimulus campaigns would bolster the company’s growth momentum even further toward 2Q23.
KGI expected KTC to report 1Q23F earnings of Bt1.9bn (+18% QoQ, +11% YoY), boosted by loan growth and fee income, and lower credit costs. KGI fine-tuned its 2023F/2024F earnings forecasts up 2%/3%, raised the 2023 target price to Bt64.00, and upgraded its rating to Outperform, from Neutral.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿78.00/share.
MST stated that the profit momentum could still carry on in 2023 from the revenue recognition from its new department stores. The discount that the company gave concessionaires during the pandemic began adjusting to its normal level, which would boost its revenue even more.
