Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 13, 2024.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bluebik Group Public Company Limited (SET: BBIK) with a target price at ฿120.00/share.
MST stated that BBIK is its Top Pick among Thailand’s tech-service companies due to our anticipated FY24E core profit growth of 37% YoY and its attractive valuation. BBIK is trading at a PEG of 1x, the lowest PEG ratio among peers.
MST’s DCF-based TP remains unchanged at THB120 (9.4% WACC, 3.4% terminal growth). 4Q23 core profit (+110% YoY) was in-line with the consensus but 5% higher than our forecast, and management aims for 50% revenue growth in 2024. Potential re-rating catalysts for BBIK are increases in quarterly profit and backlog.
Krungsri Securities (KSS) has given a “BUY” recommendation on WHA Corporation Public Company Limited (SET: WHA) with a target price at ฿5.40/share.
KSS stated that WHA got a boost for the industrial estate sector after news executives from the U.S. Department of Commerce and the private sector will visit Thailand during March 13-14 to enhance cooperation in Thai-US production and supply chains.
