Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 18, 2023.
KGI Securities (KGI) has given an “Outperform” rating on BCPG Public Company Limited (SET: BCPG) with a target price at ฿11.30/share.
KGI upgraded BCPG to Outperform, from Neutral, with a new target price of THB11.30 per share, reflecting its earnings upgrade after incorporating all three M&A deals, including the oil terminal and four gas-fired facilities in the US. KGI believed the recent development might boost investor confidence in a positive way – closing of deals involving four US gas-fired power plants and the resumption of hydro projects. The stock price should rally going forward as earnings swung to an uptrend, which could quite out adder and geothermal gaps.
Liberator Securities (LIB) has given a “BUY” recommendation on Ichitan Group Public Company Limited (SET: ICHI) with a target price at ฿11.30/share.
LIB expected an outstanding 2Q23 earnings for ICHI both YoY and QoQ, following an increase in sales during Thailand’s Summer. Utilization rate should increase to 69% from 62% in 1Q23.
The company should maintain its performance in the second half of this year from OEM orders and higher temperature due to El Niño, which boosts consumption. The share price is trading at 21x PE, lower than the average of its sector that trades at 25-30x.
