Stocks in Focus on October 4, 2023: BDMS and CK

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 4, 2023.


KGI Securities (KGI) has given an “Outperform” rating on Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) with a target price at ฿37.50/share.

KGI expected BDMS to report a strong 3Q23F net profit of Bt3.67bn (+8.4% YoY, +19.8% QoQ), which would account for 26.3% of KGI’s full-year estimate at Bt13.9bn. The 9M23F net profit should be Bt10.2bn (+7.5% YoY), accounting for 73.2% of a full-year forecast. KGI expected 4Q23F to be another solid quarter, hence, it maintained a rating of Outperform with a target price rolled over to 2024 at Bt37.50, from Bt36.50. BDMS remains one of KGI’s top picks in the sector.


Maybank Securities (Thailand) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (SET: CK) with a target price at ฿21.00/share.

MST expected the 3Q23 operating results to reach their highest level in four years, driven by revenue recognition from the Luang Prabang Power Plant, as well as the recognition of share of investment profits from BEM and CKP, along with dividends received from TTW.

Anticipating a high growth rate of 88% YoY and 22% YoY for the 2023/24 profit, despite a 14% drop in stock price since the beginning of August. This drop is attributed to concerns about the 400 baht minimum wage increase, which MST believed will only affect profits by 7%.