Stocks in Focus on June 15, 2022: KBANK and TU

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 15, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿185.00/share.

MST expected 8% earnings growth this year for KBANK, supported by loan growth and recovered economic activities. The analyst also expected the bank to benefit from the Fed’s rate hike uprend in 2H22. Meanwhile, KBANK is trading at a cheap valuation of 8.5x PE and 0.69x PBV.


DBS Vickers Securities (DBSVS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (SET: TU) with a target price at ฿20.40/share.

DBSVS stated that the share price of TU has already priced in all the negativity, expecting 2Q22 to be weak, but would recover in 2H22. The current PE is 12x, lower than 5-year historical average.

TU’s subsidiary, i-Tail, will spinoff to SET Index in the second half of this year.

The securities company expected 2022 earnings to fall 17% due to high base last year, but will increase 10% in 2023.