Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 25, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿240.00/share.
MST stated that Tthe Central Administrative Court’s decision to dismiss the arbitrator’s request in NT’s case, involving a 32,813 million baht contract for transferring users from the 900 MHz to the 2100 MHz system, is a positive development for ADVANC. However, MST stated that it should monitor NT’s potential appeal to the Supreme Administrative Court.
Another positive factor is the potential TTTB merger, with results expected in the next 1-2 months. This may lead to a consensus-driven adjustment of ADVANC’s fundamental value. Currently estimated at 251 baht per share, the value could rise to 254 baht per share if the merger is successful.
Anticipating 3Q23F profit growth, MST expected it to increase both QoQ and YoY, driven by reduced competition and effective cost control.
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’s 3Q23 to grow strongly YoY from NIM that remained high and stable. Meanwhile, its loan growth is also accelerating and debt quality is the strongest among the banking sector. The bank is expected to receive a boost from its international businesses in the long-term.
FSS estimated BBL to record a 29% and 8% net profit growth in 2023-24. Another rate hike by the Bank of Thailand would be a positive factor to the bank.
