Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 18, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Netbay Public Company Limited (SET: NETBAY) with a target price at ฿27.20/share.
MST upgraded NETBAY to BUY from HOLD as the new partnership should lead to revenue increases from selling NETBAY’s e-document platform (i.e. iBox) to DITTO’s clients. The cross-selling opportunities lead us to increase FY24/25E core profit by 11%/13%. MST also raised its target price to THB27.2 (pegged to 28.5x FY24E P/E) from THB19.0 per share.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Tisco Financial Group Public Company Limited (SET: TISCO) with a target price at ฿108.00/share.
MST stated that although the NPL direction still tends to increase according to the industry, it will likely be gradual. And with Coverage Ratio 4Q23 at a high level of 190%, it will have the ability to manage Credit Cost, which will reduce the risk of fluctuations in operating results.
In terms of dividend payment in 2H23, it is expected to be paid at 6 baht per share and in 2024 at 8 baht/share, or equivalent to a dividend payment rate of 6.1% and 8.2%, helping to limit the downside of the share price.
Interest rate direction which has passed its peak and there is an opportunity to reduce interest rates this year, seen as a positive factor for NIM since 2H24.
