Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 11, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Thai Oil Public Company Limited (SET: TOP) with a target price at ฿59.00/share.
MST expected GRM to grow strongly in 2023-25 from stable demand and tightening supply, which would reflect to its gross profit margin. MST estimated total GIM at $7.5, $9.2 and $10.4 per barrel in 2023-2025, respectively. Meanwhile, the transformation of its plants through the CFP project for the expansion to 400kbd is an upside to its yield and profit margin.
KGI Securities (KGI) has given an “Outperform” rating on Bumrungrad Hospital Public Company Limited (SET: BH) with a target price at ฿270.00/share.
KGI expected BH to report a 2Q23F net profit of THB1.30 billion (+11.6% YoY, -17.8% QoQ), which would account for 24.2% of KGI’s full-year forecast of THB5.39 billion. BH’s 1H23F net profit should be THB2.89 billion (+52.6% YoY), accounting for 58.4% of KGI’s full-year estimate.
KGI noted that looking ahead, it expected BH to show a strong performance in 3Q23F. Thus, the brokerage company maintained a rating of Outperform on the counter with a mid-2024 target price at THB270 (DCF, WACC 8.2% and TG 3%), reflecting continued growth YoY in 2024F.
