Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 13, 2023.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangchak Corporation Public Company Limited (SET: BCP) with a target price ฿42.70/share.
FSS expected a rise in crude oil price would be a positive sentiment for refinery stocks, while the refinery margin is trending at a higher level of around $10 a barrel. This could lead to an outstanding performance in the third quarter.
The deal to tender ESSO is a positive factor in terms of doubling its capacity to 294 kbd. There should be a synergy created from this deal of around 2-3 billion a year.
Meanwhile, the share price is trading at a lower PBV of 0.78x.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangchak Corporation Public Company Limited (SET: BCP) with a target price at ฿42.70/share.
MST stated that the government’s stimulus will emphasize foreign investment. The Prime Minister and BOI will travel to the United States from September 18-24 for a roadshow, fostering positive sentiment among investors.
Lately, positive developments include BMW establishing a factory in Rayong, its first outside Germany, with a value of THB2.35b. This factory will produce spare parts and motorcycle components.
Expect land transfers to pick up during the high season for the rest of the year. IAA Consensus projects a 138% profit growth in 2H23 compared to 1H23.