Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 23, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on WHA Corporation Public Company Limited (SET: WHA) with a target price at THB5.50/share.
MST stated that the earnings trend throughout 2H23 is expected to remain strong, driven by the industrial estate business, encompassing land sales and utility income. The company is poised to benefit from the relocation of production bases out of China and also from government support measures.
KGI Securities (KGI) has given an “Outperform” rating on Carabao Group Public Company Limited (SET: CBG) with a target price at THB99.00/share.
KGI stated that there was positive upside from CBG’s analyst meeting: i) potential growth upside from providing packaging and distribution service to beer business run under the family business, ii) further margin expansion from higher CAPU to reduce cost, and iii) maintaining domestic revenue growth momentum.
KGI raised its earnings forecasts by 10% for 2023F and 16% for 2024 to reflect higher revenues from the beer business. KGI rolled target price over to PE 38x of 2024 earnings, reaching a new fair price of Bt99.00. Lastly, KGI upgraded CBG to Outperform, from Neutral.
