Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 11, 2024.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿251.00/share.
ADVANC share price decreased by -2.7% YTD compared to TRUE, which increased by 48.5% YTD. MST stated that there could be two reasons for this: 1) 4Q23 operating results were lower than expected due to high SG&A, and 2) concerns over 3BB losses, which may pressure 2024 results.
However, MST considered the above two factors to be overblown because: 1) The increased expenses in 4Q23 are not expected to persist into 1Q24, resulting in QoQ profit growth, while YoY growth is anticipated to return from ARPU. 2) MST anticipated that 3BB will experience losses in 2024 of approximately 1.4 billion baht, but it’s crucial to remember that tax benefits from 3BB’s losses can mitigate the impact.
The current price is not deemed expensive when compared to the expected profit growth this year of 11% YoY, while the PER24 is at 19 times, 9% lower than before the merger.
KGI Securities (KGI) has given a “BUY” recommendation on Chularat Hospital Public Company Limited (SET: CHG) with a target price at ฿3.70/share.
KGI stated that CHG’s management expects the company’s 2024 performance to improve YoY from the continued recovery in medical treatments. KGI expected CHG to continue to realize revenues of around Bt70mn per quarter from management income for the next few years. Further, KGI cut its earnings projections 2.9% to Bt1.24bn (+18.7% YoY) for 2024F and 6.4% to Bt1.43bn (+14.9% YoY) for 2025F. Nonetheless, KGI maintained a rating of Outperform with an unchanged 2024 target price of Bt3.70 per share.
