Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 30, 2023.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Britania Public Company Limited (SET: BRI) with a target price at ฿14.00/share.
FSS noted that BRI’s fundamentals remain unchanged, according to the management after being contacted by FSS to inquire about the plummet of its share price by 17% in a week. The management stated that its presales in 2Q23 is estimated at 3.1 billion baht (+23% QoQ, +18% YoY). Normalized profit is expected to remain unchanged QoQ and will see an improvement YoY.
FSS added that BRI is currently trading with a low P/E of 4.5x, expecting a dividend yield of around 9% this year. The share repurchase by its executives is also a positive sentiment.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Wice Logistics Public Company Limited (SET: WICE) with a target price at ฿10.00/share.
MST expected business momentum to gradually recover, especially in 2H23 during its peak season for exports. Hopes for stimulus measures from the Chinese government to boost the manufacturing sector could push BDI higher. Meanwhile, SG&A is expected to decline from higher revenue that covers fixed costs.