Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 27, 2023.
KGI Securities (KGI) has given an “Outperform” rating on Asia Aviation Public Company Limited (SET: AAV) with a target price at ฿3.70/share.
For 2Q23F, KGI expected AAV to report a core profit of Bt120mn (vs. net losses of Bt2.33bn in 2Q22 and Bt169mn in 1Q23). However, KGI expected AAV to report a net loss of Bt1.08bn in 2Q23F, resulting from FX loss of around Bt1.2bn (due to softer baht against the US dollar QoQ by Bt1.2/US$ in 2Q23). KGI added that it maintained earnings projections for 2023F and 2024F at Bt1.51bn and Bt2.20bn, respectively.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Tisco Financial Group Public Company Limited (SET: TISCO) with a target price at ฿108.00/share.
MST stated that it liked TISCO for its high dividend yield and earnings visibility from strong reserves. Credit cost will stay low given its low NPL ratio and high NPL coverage. TISCO will focus on auto title loans and HP used car loans to increase loan yield in 2H23. MST projected a c.8% dividend yield, the highest in the sector, as TISCO will maintain a high dividend payout ratio.
