Analysts Name 10 Stocks to Buy with over 15% Upside

Fears of recession loom around the world as inflation is driving up the prices of everyday essential purchases, and with many central banks striving to hike interest rates in order to bring down inflation, analysts recommend the top 10 outperforming stocks amid economic uncertainty.

Asia Plus Securities said that the SET Index is unlikely to rebound soon,  but bearish mood is seen fading in 4Q22. Therefore, the brokerage firm advises gradual accumulation when the SET Index plummets. 

ASPS has screened for stocks with solid fundamentals and recent positive factors that fell earlier (having limited downside) using the following criteria: 1) Laggard stocks, which fell from the peak and underperformed SET return of -7.3% from June 1 to July 6, 2) Stocks that have solid fundamentals, BUY recommendation, and upside over 15% and 3) Stocks benefiting from positive factors as follows, 

Weak THB: HANA, TU and KCE 

Interest rate hike: SCB and BLA

Country reopening: PLANB, CRC and AP

Stocks that already fell lower than usual and entered the oversold zone: TIDLOR and HMPRO