Stocks in Focus on April 21, 2023: BBL and WHA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 21, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Bank Public Company Limited (SET: BBL) with a target price at ฿190.00/share.

BBL reported THB 10.1 billion net profit for 1Q23, up 42% YoY and 34% QoQ due to strong NII growth (+38% YoY). Results beat our and the street’s estimates by 16-24%. Loans grew 2% YoY but fell 2% QoQ due to international loan repayment. Non-NII rose 9% YoY and 59% QoQ due to the higher fee income and market to market gain on investment


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on WHA Corporation Public Company Limited (SET: WHA) with a target price at ฿4.60/share.

MST expected that the performance in 2023 will continue to grow, driven by the industrial estate business, which is benefitting from the relocation of production bases from China to Thailand. This growth is further supported by government measures to encourage investment through BOI, particularly for EV customers, who are likely to be important targets in the coming period.