Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 24, 2023.
Phillip Securities gave a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿166.00/share.
Phillip Securities maintained its “BUY” recommendation as 3Q23 earnings came out close to estimates, flat QoQ with rising interest income but lower gains from financial instruments. Meanwhile, the asset quality improvement caused loans to slow down and should miss target this year, but also reduce NPL as well. When adding to an increase in loan interest rate, resulting in an increasing interest spread, which led to Phillip revised up KBANK’s earnings.
Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿21.00/share.
MST stated that it is believed that BCH will outperform, thanks to money flowing into defensive stocks due to uncertain external factors such as the Israel-Hamas war and the increased US Bond Yield.
It is expected that BCH’s earnings direction during 3Q23F will return to YoY and QoQ growth from the income of domestic patients entering the seasonal period (flu, dengue fever) and the increase in per capita income of social security patients.
Foreign patients are likely to increase following the reopening of the country, coupled with the rising price of crude oil in 3Q23, which increases the opportunity for Middle Eastern patients to seek treatment.
