Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 7, 2024
Krungsri Securities (KSS) has given a “BUY” recommendation on BTS Group Holdings Public Company Limited (SET: BTS) with a target price at ฿6.40/share.
KSS stated that BTS remains an attractive earnings turnaround play as it would initially be driven by KEX’s exit, which would lift FY25F earnings by at least Bt5 billion (absence of Bt4 billion impairment charge and Bt1 billion loss from operations).
BTS’ subsidiary “Rabbit” plans to divest SINGER at Bt20 per share, which means no impairment loss and cash flow would rise by Bt3.9 billion.
KSS maintained its view on BTS, expecting that it would deliver Bt1.3 billion of profit in FY25F, reversing from losses in FY24. Finally, BTS’ cash position will also improve, driven by Bt23 billion cash receipt for completed E&M works and possibly a new O&M contract (Bt36 billion).
KGI Securities (KGI) has given an “Outperform” rating on Bangkok Expressway and Metro Public Company Limited (SET: BEM) with a target price at ฿9.80/share.
KGI stated that BEM’s rail business grew at an early-teen rate in May (5M24F at 13-14% YoY). The company’s 2Q24F-3Q24F earnings should increase both YoY and QoQ driven partially by dividend income from associates. Management is upbeat on the company’s medium to long-term growth with several big deals to be finalized over the next two years.
