Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 5, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿140.00/share.
MST stated that KBANK is capitalizing on the synergy of increasing interest rates combined with minimal deposit competition, creating a favorable environment to enhance its net interest margin. With its current share price indicating limited downside, trending at a modest 0.6x price-to-book value, it appears that the market has already factored in concerns regarding elevated credit costs.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Wellness Group Public Company Limited (SET: SPA) with a target price at ฿14.00/share.
MST stated that the new government’s measures to stimulate the tourism sector, including the potential issuance of free visas to Chinese tourists, are seen as factors that could support earnings during the recovery period in 2H23. These measures may be implemented in October 2023 during the high season, coinciding with China’s Golden Week (from Oct.1-7), and they are expected to build on the momentum generated in the first half due to higher revenue and profit margins.
