Stocks in Focus on January 9, 2023: BCP and CBG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 9, 2023.


Kasikorn Securities (KS) has given a “BUY” recommendation on Bangchak Corporation Public Company Limited (SET: BCP) with a target price at ฿35.40/share.

KS expected BCP’s refinery business to outperform its peers due to BCP’s higher oil production from diesel. Meanwhile, its share price is relatively cheap with adjusted PBV23 at 0.76x, compared to domestic peers at 0.90x. KS expected more upside from the merger that should be finalize soon.


Krungsri Securities (KSS) has given a “BUY” recommendation on Carabao Group Public Company Limited (SET: CBG) with a target price at ฿108.00/share.

KSS expected net profit in 4Q22 for CBG at 650 million baht, representing an increase by 37% QoQ and 6% YoY from higher sales along with lower material and transportation costs. Meanwhile, China’s reopening would boost CBG’s sales in 2023 as the company had 10% revenue contribution from China in pre-Covid era.