Stocks in Focus on November 17, 2022: ASK and GPSC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 17, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Asia Sermkij Leasing Public Company Limited (SET: ASK) with a target price at ฿46.50/share.

FSS expected the 4Q22-2023 profit to remain healthy, supported by outstanding loan growth from truck demand, in line with the industrial and transport sector growth. Also, ASK should have lower NPL risks than retail lenders.

The consensus expects solid 2022-2023 profit growth of 24% Y-Y and 20% Y-Y, respectively, while the current valuation remains undemanding. ASK currently trades on a low 2023 PE of only 10x. Also, it offers a dividend yield of 4-5% annually. ASK has support at Bt34//32 and resistance at Bt36-36.5.


KGI Securities (KGI) has given an “Outperform” rating on Global Power Synergy Public Company Limited (SET: GPSC) with a target price at ฿74.00/share.

GPSC is bidding on 5.2GWh in renewable energy projects, especially wind and solar farms. KGI believed 2023 will be the year the company roars back with earnings expected to soar 68% YoY. The boosters would be anticipated lower gas and coal prices and stronger performances from Avaada and CFXD.

Meanwhile, KGI expected 4Q22F net profit to be the peak for this year, fueled by the insurance claim on GE Phase 5. KGI maintained a rating of Outperform with a target price of Bt74.00. The stock should continue to enjoy a positive rerating ahead.