Stocks in Focus on June 29, 2022: KBANK and TOP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 29, 2022.


KGI Securities has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿188.00/share.

KGI Securities stated that the banking stocks are preparing to benefit from 1) rate hike trends in 2H22, 2) economic recovery in 2H22 from tourism, exports, agriculture and foods while the BOT is moving toward new measures to support SME debtors and 3) JV and JMT establishing asset management JV. KGI Securities noted that the valuation is inexpensive at PBV0.73x, -1SD.


Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Oil Public Company Limited (SET: TOP) with a target price at ฿63.00/share.

KSS pointed to the positive factors for TOP, stating that the surge in crude oil prices and Singapore refinery margin at a high level around $25-30/bbl. Meanwhile, the negative sentiment would overhang due to the report of the government requesting refiners to subsidise fuel prices, but the analyst believed the figure would not be as high as in the report. The decline in share price had somewhat priced in the negativity.