Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 19, 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.
MST expected BBL to record 20% profit growth in 2023, boosted by higher interest rates that push NIM higher, coupled with lower loan costs from the economic recovery. This should be the factor to boost BBL’s growth this year. Meanwhile, the bank also has strong asset quality and provisions should continue to go down.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Minor International Public Company Limited (SET: MINT) with a target price at ฿40.00/share.
FSS expected 2Q23 to turn to profit, boosted by a peak season for NHH that should bring RevPar above pre-Covid level of around 35% and offset a low season in Thailand. Despite the low season, FSS expected operations in Thailand to perform better than pre-Covid level as well. Food and Beverage business is seeing strong SSSG, while material and electricity costs eased.
FSS estimated MINT’s 2Q23 earnings around 1.5-2 billion baht, drawing near its pre-Covid level in 2Q19 of 2.1 billion baht. Normalized profit for 2023 remains at 5.5 billion baht (+172%).