Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 17, 2024
Maybank Securities (Thailand) has given a “BUY” recommendation on Bangchak Corporation Public Company Limited (SET: BCP) with a target price at ฿58.00/share.
MST stated that the merger with BSRC is expected to be the primary driver of a 20% growth in normalized earnings per share (EPS) in 2024. BSRC’s operations are poised for significant improvement, with a higher capacity utilization rate of 85% (up from 70-75% previously), and there is further potential upside if costs are effectively managed.
The direction of 1Q24 profits is likely to align with refining margin trends and benefit from Stock Gain in 1Q24, as oil prices have risen by more than 10% quarter-to-date. In the short term, tensions between Israel and Iran remain high, which will support crude oil prices remaining elevated.
KGI Securities has given an “Outperform” rating on Home Product Center Public Company Limited (SET: HMPRO) with a target price at ฿13.00/share.
KGI stated that HMPRO 1Q24F earnings should pick up both YoY and QoQ, but there is currently limited potential upside to earnings to its full-year forecast. KGI maintained a rating of Outperform with an end-2024 target price of Bt13.00, based on PER 24.0x (-2.0 S.D historical average between global and local peers).
