Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 1, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Minor International Public Company Limited (SET: MINT) with a target price at ฿37.00/share.
MST expected MINT’s 2Q22 earnings to recover as the European hotel business occupancy rate hit 63% in April and average room rates close to the pre-COVID19 period. In Thailand, earnings will be boosted by the government easing entry requirements that may drive occupancy and room rates to accelerate as well.
Kasikorn Securities (KS) has given a “BUY” recommendation on Bangkok Life Assurance Public Company Limited (SET: BLA) with a target price at ฿56.00/share.
KS chose BLA due to 1) positive sentiment from rising bond yields, 2) BLA to be included in SET50 in 2H22 and 3) 2Q22 earnings should be continuously positive as bond yields maintain at higher level along with better CAR and lower combined ratio.