Stocks in Focus on March 23, 2023: ADVANC and BDMS

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 23, 2023.


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 will continue to grow this year in terms of revenue with efficient cost management. The management aims for a 4-6% EBITDA growth, which is higher than what MST had expected for a 0.9% growth. Moreover, ADVANC is in a discussion with KTB and GULF to jointly acquire a licence to establish a virtual bank.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) with a target price at ฿34.50/share.

FSS said that the momentum for a profit growth in 1Q23 will continue to grow, supported by an increase in medical tourists. Meanwhile, 1QTD revenue is +6% YoY. The management expected 6-8% revenue growth, while FSS is looking for a 7% growth in net profit this year. There is an upside for BDMS if EBITDA Margin comes out better than expected. FSS noted that BDMS is resilient and showed strong growth when the market is fluctuating.