Stocks in Focus on September 20, 2022: BDMS and ERW

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 20, 2022.

 

Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) with a target price at ฿32.00/share.

MST stated that the overall non-COVID patients increased markedly in 1H22. As a result, the management has raised the revenue target for this year to grow by 15-20% (originally 12-15%). Combined with expectations of increasing international patients in 2H22, approaching the pre-COVID level, this will be a positive catalyst to support profit growth even more.

 

Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on The Erawan Group Public Company Limited (SET: ERW) with a target price at ฿4.20/share.

MST stated that it expected 2H22 earnings will continue to recover, driven by strong growth of the Thai tourism sector thanks to the increasing number of foreign tourists. Currently, the occupancy rate increased significantly while the room rate has increased as well.