Stocks in Focus on August 9, 2022: KBANK and BBIK

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 9, 2022.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿170.00/share.

KSS expected KBANK and other banking stocks to benefit from the interest rate hike. Moreover, KBANK is expected to be the sole Thai stock to be included after the MSCI Rebalance starting 31 August (announced 11 August), which could be a positive sentiment for speculation.

 

Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bluebik Group Public Company Limited (SET: BBIK) with a target price at TP at ฿90.00/share.

MST expected 2Q22 earnings to reach a record high from the recognition of its high backlog along with its digital transformation as a megatrend. The company would benefit from its expansion into Asean and Europe, which would greatly contribute to its growth.