Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 19, 2024
Phillip Securities (PST) has given a “BUY” recommendation on TMBThanachart Bank Public Company Limited (SET: TTB) with a target price at ฿2.00/share.
PST stated that loans continued to contract in May for the eighth-straight month, but still expected TTB’s 2Q24 earnings to grow YoY from interest fees. However, PST noted that NPL could rise in this quarter, pressuring its QoQ profit growth. Still, the brokerage firm maintains its 2024 earnings forecast at 22.4 billion baht, representing a 21.4% growth.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on i-Tail Corporation Public Company Limited (SET: ITC) with a target price at ฿27.00/share.
FSS stated that ITC has on hand orders for 2Q-3Q24 at 110% and 25%, respectively. This led to a speculation of 969 million baht of net profit in 2Q24, representing a 10% QoQ and 124% YoY growth, the highest in seven quarters.
2H24 outlook should benefit from seasonal factors, especially in 4Q24 that is the peak season for ITC and could offset its lower selling price that was down 3-5%.
