Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 29, 2023.
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 QoQ core profit growth to accelerate in 2Q23E to 3-5% thanks to slight increase in mobile ARPU and lower electricity costs (30% of network opex and 19% of core profit in FT22). ARPU recovery should be supported by easing competition and improving consumer purchasing power (i.e. Thailand’s inflation rate dipped to a 16-month low of 2.7% in April 2023).
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (SET: EPG) with a target price at ฿9.50/share.
MST forecast FY24 sales and profit to grow 8%/7%, respectively. EPG’s expansion plan to develop innovative products should help support sales and profit growth in the long run. Valuation is attractive, per MST, trading at 14.0x FY24E P/E (-1SD) and 1.5x FY24E P/BV (-1SD) with a dividend yield of 4.4%.
