Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 5, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (SET: CK) with a target price at ฿25.00/share.
MST forecast its FY23/24 earnings to surge 88%/22% YoY, driven by growth in its subsidiaries and its civil construction work contract for the Luang Prabang Hydroelectric Power Plant. This has lifted its backlog to THB149 billion, marking a fresh record high. MST also believed CK will win more jobs via its subsidiaries, putting its backlog on a new S-Curve.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (SET: PTTEP) with a target price at ฿160.00/share.
MST stated that PTTEP is benefiting from the prominent rebound in crude oil prices, driven by expectations of higher demand as China stimulates its economy. Additionally, on the supply side, OPEC+ has further reduced production at its June meeting. 3Q-4Q23E earnings should gradually recover thanks to higher prices and sales volume.
