Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 3, 2023.
FSS International Investment Advisory (FSSIA) has given a “BUY” recommendation on Britania Public Company Limited (SET: BRI) with a target price at ฿14.00/share.
FSSIA expected a 2Q23 core profit of THB339 million (+3% QoQ, +19% YoY), thanks to higher management fees from 10 new JV projects. Performance should improve in 2H23, driven by more new launches worth THB17.5 billion (+3.5x h-h).
FSSIA noted that BRI’s share price has plunged by 22% in 2023 YTD, compared to SETPROP (-11%). It is trading at an attractive valuation of 5.4x 2023E P/E, below its historical average and peers’ at 6.9x and 8.3x, respectively. Moreover, FSSIA expected a DPS of THB 0.16 for its performance in 1H23, implying a dividend yield of 2%.
FSS International Investment Advisory (FSSIA) has given a “BUY” recommendation on Starflex Public Company Limited (SET: SFLEX) with a target price at ฿5.50/share.
FSSIA expected a strong quarter for SFLEX with a THB44 million core profit in 2Q23; a rise of 10% QoQ and a 12-fold jump YoY due to gross margin expansion. Another solid quarter lies ahead from the acquisition of a Vietnam investment.
FSSIA maintained net profit growth forecasts of 237%/24%/11%, or CAGR of 17%, during 2023-25.
