Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 18, 2023.
Tisco Securities (Tisco) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (SET: CK) with a target price at ฿28.50/share.
Tisco stated that CK has a huge backlog of 56 billion baht as at the end of 1Q23 and could rise to 265 billion by the end of this year, boosted by the project in Luangprabang and many Rapid Transit Train works, more than 100 billion baht in total. The company also has potential to acquire the Double Deck work from BEM worth 35 billion baht as well.
Land and Houses Securities (LHS) has given a “BUY” recommendation on Krung Thai Bank Public Company Limited (SET: KTB) with a target price at ฿21.00/share.
LHS said that 1Q23 earnings was higher than it had expected, boosted by increasing NIM from rate hikes. The bank continued to focus on retail loans through digital platforms. LHS expected KTB to record 10% profit growth this year, but the broker could revise up its forecast after 1Q23 earnings already account to 27% of its target.
