Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 9, 2022.
KGI Securities has given an “Outperform” rating on The Siam Commercial Bank Public Company Limited (SET: SCB) with a target price at ฿163.00/share.
After SCB’s share swap is completed in April 2022, the new organization as a holding company is expected to be listed in May 2022 and then the new companies CardX and AutoX are expected to operate separately and grow new business. The competitive landscape among banks and non<banks could intensify after that. Following the sharp fall in share price, we think SCB’s earnings growth profile remains unchanged. We maintain a rating of Outperform with a 2022 target price of Bt163 (PBV 1.2x).
Krungsri Securities (KSS) has given a “BUY” recommendation on CH.Karnchang Public Company Limited (SET: CK) with a target price at ฿23.80/share.
KSS stated that CK has the opportunity to acquire a new project from a mega project worth 144 billion baht that will be opened for bidding this year. Meanwhile, the company has efficient management skills on a surge in steel prices. The target price at THB23.80 is based on 1) positive backlog, 2) opportunity to acquire more new projects and 3) an increase in dividend income and equity income.
