Stocks in Focus on July 14, 2023: CBG and BEM

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 14, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Carabao Group Public Company Limited (SET: CBG) with a target price at ฿75.00/share.

MST expected CBG’s 2Q23 earnings to expand QoQ from an increase in sales of energy drinks domestically with higher market share and smart marketing strategically, while its competitors have to raise prices. The international market will also contribute to its sales as the market starts to recover and lower material costs.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Express and Metro Public Company Limited (SET: BEM) with a target price at ฿11.50/share.

FSS expected the number of passengers for its rapid rail system and vehicles on the highway will accelerate in May and June. The share price decreased THB1.50 or 15% from its previous high due to concerns that the new government could make adjustments to the policy in the bidding for new rapid rail system projects.