Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 2, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SCB X Public Company Limited (SET: SCB) with a target price at ฿120.00/share.
MST stated that the expected operating results for 2023/24F indicate a 15% YoY expansion in overall performance and an 8% YoY growth, supported by an upward Net Interest Margin (NIM) trajectory. MST anticipated the NIM for 2024 to reach 3.78%, an improvement from the 3.67% recorded in 2023. Credit costs are projected to decrease to 1.85% in 2024, down from the 1.9% level in 2023.
In terms of valuation, the stock is trading at a PBV24F of 0.7x, which is lower than the 10-year historical average of -1SD. Additionally, the high dividend payments expected in 2023/14 ranging between 7.1% and 7.6%, will be a factor that helps limit the downside risk of the stock price.
Krungsri Securities (KSS) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿262.00/share.
KSS stated that its “BUY” rating was premised on a new earnings growth cycle for ADVANC, driven by rising ARPU and decent yields. KSS expected 3BB to contribute THB150 million losses, but still projected EPS to grow 16% YoY and 1% QoQ in 4Q23, supported by higher revenue (rising ARPU) and lower operating costs.
KSS estimated the final dividend at THB4.60 per share, implying 2.1% yield over a 2-month period.
