Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 6, 2023.
Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on True Corporation Public Company Limited (SET: TRUE) with a target price at ฿7.40/share.
MST expected a slow pace of earnings recovery in 3-4Q23E as TRUE is ramping up integration costs. MST forecast a 3Q23E core loss of THB2.2 billion, slightly better than 2Q23 core loss of THB2.4 billion as the benefits of 1% QoQ revenue growth, lower electricity tariffs and elimination of operational excess should largely be offset by the integration cost of THB1 billion.
Quarterly earnings recovery will likely accelerate in FY24E thanks to stable integration costs, rising synergy value and ARPU uplifts.
LH Securities (LHS) gave a “BUY” recommendation on PTT Exploration and Production Public Company Limited (SET: PTTEP) with a target price at ฿182.00/share.
LHS expected strong normalized profit growth from PTTEP in 3Q23, following an increasing selling price from crude oil prices and higher sales volume. However, net profit should decline due to hedging and FX losses as well as tax costs.
Normalized profit outlook for the fourth quarter should remain strong and could be a record high for the year.
LHS noted that PTTEP still has a strong net profit outlook and also a dividend yield at 5.7%.
