Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 2, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿160.00/share.
MST noted that KBANK would benefit from the economic recovery, following rising NIM from rate hikes, to offset credit cost. MST also believed that the current share price has priced in the negativity from STARK’s bad loans.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangchak Corporation Public Company Limited (SET: BCP) with a target price at ฿49.00/share.
MST expected BCP to benefit from strong refinery margin and profit growth after the merging with ESSO, expecting 53% growth in 2024. The current share price of BCP looks attractive with P/BV 2023 at 0.8x, compared to nearly 1.4x of its upcycle before the merging.