Stocks in Focus on June 16, 2023: PTT and BBL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 16, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on PTT Public Company Limited (SET: PTT) with a target price at ฿38.00/share.

MST stated that PTT’s core profit showed signs of recovery, especially gas separation plants from higher selling prices and lower costs, which would lead to a positive momentum for making profits. MST expected recovery to continue in the second half of this year for PTT and its subsidiaries as the burden in supporting Thailand during high energy prices started to ease.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Bank Public Company Limited (SET: BBL) with a consensus target price at ฿186.43/share.

FSS expected strong momentum for BBL’s operating performance with an increase in NIM from rising interest rates. Meanwhile, the bank has solid debt quality as the majority of its customers are big corporations.

FSS cited the consensus that estimated net profit in 2023 at 34 billion baht (+16% YoY) and the share price is trading at a cheap valuation of 0.58x PBV, compared to nearly 1x pre-Covid.