Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 6, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on True Corporation Public Company Limited (SET: TRUE) with a target price at ฿7.30/share.
MST believed that the stock price will outperform the market due to two unique positive factors. First, the launch of the iPhone 15 on September 13 is expected to boost mobile business sales in late 3Q-4Q23. Second, the Future Ready True event on September 26 is anticipated to provide insights into the progress of Synergy Guidance following the merger, potentially leading to revisions in estimates for us and the broader market.
In terms of operating results, MST believed that the worst for 1H23 has already passed, with a loss of up to THB4b. In 2H23, MST anticipated better development due to the recovery of income from all business segments.
KGI Securities (KGI) has given an “Outperform” rating on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿23.50/share.
KGI stated that BCH’s earnings still improved QoQ in 2Q23 although its overall performance was unable to avoid the negative impact from 1) abnormally high earnings base YoY in 1H22 and 2) FX loss at its international hospital in Vientiane. Nonetheless, BCH has actively managed the unfavorable issues through the capital increase in Kasemrad International Hospital Vientiane. This should lead to less negative impact from FX in 4Q23F. KGI raised target price from THB23.00 to THB23.50 per share.
