Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 7, 2023.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Bank Public Company Limited (SET: BBL) with a target price at ฿197.00/share.
FSS expected BBL to record QoQ and YoY growth in 3Q23 from high NIM and an accelerating loan portfolio. The bank maintained its 4-6% growth this year, up from 0.6% growth in 1H23.
FSS expected BBL to record 29% and 8% growth in 2023-24, respectively. Further rate hike by the Bank of Thailand would also benefit BBL.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Berli Jucker Public Company Limited (SET: BJC) with a target price at ฿36.00/share.
MST stated that the Digital Wallet measure, effective in February 2024 instead of the expected April 2024, directly benefits BIG C (64% of total revenue) with its 2,000 nationwide branches. The packaging and consumer businesses (30% of total revenue) will also indirectly profit in 2024.
Despite a 5.7% stock price drop in the past week, compared to a -0.7% decline in the group, MST stated that it sees this as short-term negativity due to BRC’s IPO delay, unlikely to impact fundamentals.
