Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 13, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿250.00/share.
MST stated that it expected ADVANC’s new proposal on advance rental payment (announced on 12 Sep) to result in c.8.5% yield for JASIF in FY23-25E, up from c.7.0% yield in the old proposal. The higher yield during the first three years leads us to believe JASIF unitholders will approve ADVANC’s deal on 18 Oct. MST raised FY23-24E core net profit 3% to factor in the acquisitions of TTTBB and JASIF. Maintain BUY with a higher DCF-based TP of THB250.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Ichitan Group Public Company Limited (SET: ICHI) with a target price at ฿11.00/share.
FSS stated that the management was confident on the recovery of its operations in 2H22 even though being a low-season period, but will be supported by its new products in the next three months that could boost utilization rate to revenue and margin.
FSS maintained revenue expectation at 6.5 billion baht this year (+24% YoY), reflecting strong growth in 2H22. FSS expected the company could post a record high in 3Q22 before slowing down in 4Q22.
2022 earnings are estimated to post a flat growth before accelerating 15% in 2023.