Stocks in Focus on July 20, 2023: TTB and BANPU

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 20, 2023.


Phillip Securities (PST) has given a “BUY” recommendation on TMBThanachart Bank Public Company Limited (SET: TTB) with a target price at ฿1.90/share.

PST stated that TTB’s earnings came in better-than-expected with an increase by 32.8% YoY and 6.3% QoQ from lower provision. Revenue and interest income also recovered. The bank also increased loan rates, while NPL also decreased.

PST revised the net profit estimate to 17.5 billion baht, up from 14.9 billion baht in the previous estimation, representing an increase by 23.5% YoY.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Banpu Public Company Limited (SET: BANPU) with a target price at ฿10.50/share.

MST stated that the El Nino effect stimulates higher electricity consumption, leading to a positive impact on natural gas and coal prices. This, combined with positive expectations of Chinese economic stimulus, encourages investment in infrastructure, which is expected to accelerate more during the second half of 2023.