Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 12, 2024
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on TMBThanachart Bank Public Company Limited (SET: TTB) with at target price at ฿2.10/share.
MST stated that 2Q24E earnings of TTB are expected to show the highest profit growth in the sector, with a +1% QoQ and 17% YoY increase (outperforming expected -6% QoQ and -1% YoY for the banking group), driven primarily by higher NIM and tax benefits.
Regarding earnings per share in 2024, a 16% YoY growth is anticipated, surpassing the group’s expected 6% YoY profit growth. This growth is expected to support a dividend payment potentially as high as 8% per year, compared to the group average of 7%. TTB is expected to pay a dividend of 3.5% in 1H24.
Short-term positive sentiment from the Ministry of Finance preparing to establish the Vayupak Fund, which will use the existing fund framework. MST expected TTB to be a top target because the current Vayupak Fund holds a 5.19% stake in TTB (ranked 3rd in terms of NAV).
KGI Securities (KGI) has given an “Outperform” rating on SISB Public Company Limited (SET: SISB) with a target price at ฿44.50/share.
KGI expected SISB to report a decent 2Q24F net profit of Bt205mn after the record high net profit of Bt212mn in 1Q24. Based on KGI’s estimate, the company’s 2Q24F and 1H24F net profits should account for 22.2% and 45.1% of its full-year projection at Bt926mn. KGI foresaw excellent earnings in 2H24F, and believes the current price is a good opportunity to buy. Hence, KGI maintained a rating of Outperform with a 2024 DCF-based target price of Bt44.50 (WACC 9%, TG 4%).
