Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 21, 2023.
Land and House Securities (LHS) has given a “BUY” recommendation on PTT Global Chemical Public Company Limited (SET: PTTGC) with a target price at ฿46.00/share.
LHS stated that uncertainty remains on the gas price, but earnings in 1Q23 started to see some recovery for 82 million baht in net profit, mainly due to no stock and FX losses. LHS expected performance to continue improving QoQ this year from the recovery in petrochemical spread and better gross refining margin in 2H23. In the long run, the company will increase the production ratio of high-value products to lower the volatility in the upstream and intermediates segment.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on COM7 Public Company Limited (SET: COM7) with a target price at ฿37.00/share.
MST expected COM7’s core profit in 2Q23 at 729 million baht (+18% YoY, -17% QoQ) as gross profit margin is expected to improve from an increased sales in house-brand products. Boost in 2H23 would be from the launch of iPhone 15 and mid to low-tier Android smartphones as well as its branch expansion.
