Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 25, 2024.
KGI Securities has given an “Outperform” rating on Krung Thai Bank Public Company Limited (SET: KTB) with a target price at ฿22.00/share.
As a government processing bank between G-to-G and G-to-C through digital channels has enabled KTB to gain a huge client base and transform to nearly become the top digital bank in the country. While other banks are in stage digital transformation for new clients, KTB is ready to scale up/leverage new business on the digital platform to grow fee income and consumer loans. Other banks are also struggling with asset quality, but KTB is comfortable managing asset quality given the advantage of its loan mix. Going forward, given KTB’s solid TierI growth, the bank is poised to raise its dividend payout to reach double-digit ROE. With plenty of upside to its target price, KGI upgraded KTB to Outperform, from Neutral, with a 2024 target price of Bt22.0 (PBV 0.7x).
Krungsri Securities (KSS) has given a “BUY” recommendation on i-Tail Corporation Public Company Limited (SET: ITC) with a target price at ฿23.50/share.
KSS stated that ITC received a boost from a weaker baht, at a 5-month low of 36.4/USD. ITC would benefit because 90% of its revenue is derived from exports, tuna costs continue to drop, and exports are expected to grow for the 5th consecutive month.
