Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 26, 2024.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Gulf Energy Development Public Company Limited (SET: GULF) with a target price at ฿57.00/share.
MST stated that it maintains BUY on GULF and raises target price to THB57.0 from THB56.5. The firm believes GULF would be the biggest potential beneficiary of future conventional and RE capacity bidding under the new PDP.
MST noted that its channel check indicates the new PDP draft could be released for public hearing at the end of April 2024 and, seeing this as a major catalyst for the stock.
Assuming GULF wins 30% of the new capacity, MST sees 7% upside to its fair- value estimate. Additionally, MST switched its Top Pick from GPSC (GPSC TB, CP THB54.75, BUY, TP THB57.0) to GULF, believing that GPSC’s share price has already fully captured benefits from lower natural gas price.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Interlink Telecommunication Public Company Limited (SET: ITEL) with a target price at ฿4.00/share.
FSS stated that ITEL benefits from its 2,769 million baht of backlog, in which 65% should be recognized in 2024. This underlined about 53% of FSS revenue forecast.
FSS expected the company to book financial gains for the acquisition of GLS at a lower book price. Meanwhile, 2024 earnings are expected to grow 16% YoY to 319 million baht, seeing the current valuation being too cheap.
