Stocks in Focus on April 11, 2023: SCB and BCH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 11, 2023.

 

Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SCB X Public Company Limited (SET: SCB) with a target price at ฿130.00/share.

MST expected SCB’s 1Q23 earnings at 10,044 million baht, representing an increase by 43% QoQ, boosted by lower operating and tax costs. However, profit growth should slow down slightly when compared to the same period of last year due to its high base. Meanwhile, loan growth should be around 0.5% QoQ with stable NPL. SCB offers THB 5.00 dividend per share, representing a 5% dividend yield.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿25.50/share.

FSS said that the management set its revenue target, excluding earnings from Covid-19, at +20% YoY while total revenue would be around 12.7-13 billion baht, boosted by revenue from foreign patients.

Its long-term growth is set to support its five new hospitals that will be open in 2027, adding up to BCH’s existing 15 hospitals.

The company is expected to gain more revenue from Social Securities patients, which should add around 12% to BCH’s bottom line. Its share price is trading at 29x PER, which is lower than its historical trading of 30x.