Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 22, 2022.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Thai Oil Public Company Limited (SET: TOP) with a target price at ฿62.00/share.
MST stated that the US weekly crude oil inventories and weekly refined oil inventories declined more than the market estimates, combining the expectation of China’s reopening, it is expected to support crude oil prices and the refining margin to continue to recover. This will increase speculation pressure on the refinery stocks.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC ) with a target price at ฿240.00/share.
MST stated that ADVANC’s 2023 core profit is expected to grow +11.6%YoY as lower inflation should boost consumer purchasing power while price competition continues to decline. Combined with the upside from the number of tourists that continue to accelerate and an attractive dividend yield of around 4% pa, making it more attractive for accumulating stocks.