Stocks in Focus on April 20, 2023: KTB and ASK

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 20, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Krung Thai Bank Public Company Limited (SET: KTB) with a target price at ฿19.00/share.

KTB reported THB 10 billion of net profit for 1Q23, up 15% YoY, beating MST and the market’s estimates by 22% and 17% on strong NII growth. 1Q23 earnings reached 30% of MST’s full year forecast. Loans fell 3% YoY and flat QoQ due to government loan repayment (-3% QoQ). NIM rose 15bp QoQ to 2.97% on the higher loan yield.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Asia Sermkij Leasing Public Company Limited (SET: ASK) with a target price at ฿41.00/share.

FSS said that the market expected 1Q23 of ASK to come in at 400 million baht, slightly slow down QoQ, but +14% YoY. The increase would be due to net interest income. NIM is expected to slow down slightly, while NPL could increase but near its peak.

The market expected whole year net profit at 1.7 billion baht, +14%, from loan growth in double digit. Valuation remains low at 9x 2023PER, while offering 5-6% dividend yield.