Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 15, 2023.
KGI Securities (KGI) has given an “Outperform” rating on B.Grimm Power Public Company Limited (SET: BGRIM) with a target price at ฿43.00/share.
KGI stated that BGRIM’s 2Q23 earnings were 678 million baht (+70% QoQ and turnaround from loss YoY). The results were 12% above KGI’s estimate due to higher interest income. Excluding FX loss, BGRIM’s core profit would be 686 million baht (+81% QoQ, +637% YoY), pushing its core profit in 1H23 to 1.07 billion baht (+488% YoY), accounting to 69% of KGI’s 2023 forecast. Growth in the quarter was boosted by stronger operations of SPPs (lower gas price and higher Ft). KGI stated that it has a positive view on the second half of this year.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Plan B Media Public Company Limited (SET: PLANB) with a target price at ฿10.00/share.
MST stated that PLANB’s OOH advertisement remained high with its price adjustment, which increased income and gross profit margin to reach 30%. MST expected advertisement spending in 2H26 to accelerate, boost by a clearer outlook of Thai political situation.