Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 27, 2023.
Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on PTT Public Company Limited (SET: PTT) with a target price at ฿42.00/share.
MST expected 8% normalised EPS CAGR in FY24-25E driven by margin expansion for core gas business (falling gas cost) and subsidiaries’ earnings growth (mostly refining). MST viewed PTT as attractively valued at just 0.8x P/BV (vs 10-year average 1.2x and MST’s target price implied P/BV of 1.0x) while offering high dividend yields of 5.3%-6.2% in FY23-25E.
Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on Tisco Financial Group Public Company Limited (SET: TISCO ) with a target price at ฿108.00/share.
MST stated that it favored TISCO as a high-dividend stock. In 2H20F and 2024F, MST anticipated dividend payouts reaching 6% and 8%, respectively. Supporting factors include a Coverage Ratio at a robust 206%, surpassing the company’s target range of 150-160%, allowing for effective NPL management.
In terms of catalysts, the upcoming MPC meeting on November 29, 2023, is significant. MST expected interest rates to be maintained at 2.5%, alleviating pressure on TISCO’s Net Interest Margin (NIM) in the upcoming period.
