Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 25, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Srinanaporm Marketing Public Company Limited (SET: SNNP) with a target price at THB27.50/share.
MST stated that the profit trend in 2H23 continues to grow prominently due to increasing domestic market sales. Additionally, the commencement of production at a bento factory in Vietnam in July, coupled with the Vietnamese government’s reduction in VAT, has contributed to a sales boost. The projected profit for the year is expected to reach 671 million baht, marking a remarkable YoY growth of +30%.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Airways Public Company Limited (SET: BA) with a target price at THB20.00/share.
FSS maintained its positive outlook on BA’s business after its outstanding 2Q23 earnings, seeing 3Q23 net profit to be boosted by Thailand’s peak season in Samui Island that expected passengers to reach 1-1.11 million, accounting for 70-80% of pre-covid level.
FSS noted that it was leaning toward revising 2023 net profit up from 1.4 billion, seeing the airline operator was able to reach 1.5 billion baht of net profit within the first half.