Stocks in Focus on February 24, 2023: MINT and ASW

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 24, 2023.


KGI Securities has given an “Outperform” rating on Minor International Public Company Limited (SET: MINT) with a target price at ฿41.00/share.

KGI stated that MINT reported a 4Q22 normalized profit of Bt2.4bn (+44% YoY, +18% QoQ). The result was 24% above KGI’s expectation. Hotels in Europe saw weaker momentum QoQ on seasonal effect, while the performances of non-Europe hotels showed impressive growth. 

KGI expected 1Q23F earnings momentum to see substantial growth YoY, but drop QoQ as hotels in Europe enter the low season. KGI saw some upside risk to our 2023F forecast and maintained a rating of Outperform with a target price of Bt41.00.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Assetwise Public Company Limited (SET: ASW) with a target price at ฿10.00/share.

ASW reported an outstanding 4Q22 earnings (+125%QoQ, +98%YoY), which was above the market expectations. The company expected to launch 12 new projects worth 22.5 billion baht. The company also issued THB0.5226 dividend payout, representing a 6.2% dividend yield while trading at PE 6.4x.