Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 17, 2023.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Bank Public Company Limited (SET: BBL) with a consensus target price at ฿184.20/share.
FSS expected BBL’s 1Q23 earnings to increase 19% QoQ and 26% YoY to 9 billion baht, boosted by interest income and NIM. Meanwhile, consensus pointed to 16% earning growth this year, as BBL is one of the Thai banks that benefits the most from rate hike cycle. The bank also has strong asset quality.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on AP (Thailand) Public Company Limited (SET: AP) with a target price at ฿13.50/share.
MST stated that AP has strong profit growth potential this year from the transfer of its horizontal and vertical projects. The company is expected to launch 77 billion baht worth of new projects this year. MST expected dividend yield of 5.5-6% from AP.
