Stocks in Focus on August 21, 2023: GLOBAL and KBANK

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 21, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Global House Public Company Limited (SET: GLOBAL) with a target price at ฿19.00/share.

The outlook for 2H23 earnings appears promising, driven by an upswing in Same-Store Sales Growth (SSSG) and concurrent store expansion (with plans to open four additional stores). The easing impact of declining steel prices adds further positivity. In addition, the domestic purchasing power should rebound thanks to the economic stimulus policies introduced by the new government.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿140.00/share.

KBANK is capitalizing on the synergy of increasing interest rates coupled with minimal deposit competition, providing a favorable environment to enhance its Net Interest Margin (NIM). With its current share price indicating restrained downside, trading at a modest 0.6x Price-to-Book Value (P/BV), the market seems to have already accounted for concerns regarding elevated credit costs.