Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 18, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Wellness Group Public Company Limited (SET: SPA) with a target price at ฿15.00/share.
MST expected SPA’s profit for 1Q23 to reach THB28 million, showing a strong QoQ growth of +105%, mainly driven by the continuous recovery in the number of tourists. Profit margins are expected to improve due to price increases and higher service rates. The accelerated Chinese economy has also contributed to the positive sentiment in the short-term.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on S Hotels and Resorts Public Company Limited (SET: SHR) with a target price at ฿5.30/share.
FSS expected 1Q23 earnings of SHR to continue growing at a strong pace from strong RevPar in Thailand and Maldives, offsetting UK and Outrigger that grew slowly due to seasonality. Meanwhile, lower gas costs in Europe are positive to the company.
FSS expected SHR’s earnings to accelerate to 458 million baht to a breakeven point of last year. The share price is 14% below its 2023 high, creating an attractive valuation as the price is trading at 0.87x of 2023PBV.
