Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 3, 2023.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on B.Grimm Power Public Company Limited (SET: BGRIM) with a target price at ฿47.00/share.
FSS expected 1Q23 to recover from an increasing Feed-in tariff, extending its profit margin. Declining gas cost will benefit the company moving forward, especially the production from Erawan field that starts to increase.
FSS forecasts 2023 normalized earnings at 2.7 billion baht (+6x) from low base last year. A sharp fall in oil prices is a positive sentiment to an anti-commodity play like power generator.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿240.00/share.
MST expected ADVANC to deliver 6.8 billion baht of net profit in 1Q23 (+7% YoY, 1% QoQ). Whole year earnings are expected to increase 10.4% from the growing economy, slowing down inflation rate and declining electricity bill.
