Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 22, 2023.
KGI Securities (KGI) has given an “Outperform” rating on JMT Network Services Public Company Limited (SET: JMT) with a target price at ฿60.00/share.
KGI stated that the huge number of NPLs up for sale from banks would be an opportunity for AMC companies to acquire bad debt at a low price and sustain long-term cash collection growth and margins. JMT acquired THB60 billion in bad debt during 1H23. Further bad debt purchases under JKAMC would secure solid cash collection, which assumes THB10.5 billion and THB13 billion in 2023F and 2024F, respectively, up from THB6.9 billion in 2022.
After a sharp pullback in JMT’s share price and with the earnings growth visibility, the counter is offering a good buying opportunity.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿82.00/share.
FSS expected 2Q23 and 2H23 performance for CPN to remain solid, following the recovering economy. Discount rate given to concessionaires during the pandemic should return to its normal level. 2023 net profit is expected at 13 billion baht (+18%), which would be higher than its pre-Covid level.
As for concerns over a potential capital increase for CPNREIT, FSS’ bearish view is THB2 discount to CPN’s share price. CPN has 6% profit sharing from CPNREIT and the plummet in share price yesterday should more than account for this negative factor.
