Stocks in Focus on December 13, 2023: BCH and TOA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 13, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿22.20/share.

MST stated that in 4Q23, profits are anticipated to rise both QoQ and YoY, driven by an additional SSO risk income of THB30-50m. No Fx Loss items, which impacted 3Q23, are expected. This outlook surpasses peers, who might experience QoQ earnings contraction after the 3Q23 high season.

Looking ahead to 2024, consensus estimates project profits of THB1.7b, a growth of over 20% YoY. The growth is attributed to normal operations, driven by an increasing number of patients domestically and  abroad, while losses from the previous year are anticipated to significantly decrease.

In addition, BCH holds an ESG rating of AA, presenting an opportunity for strong buying from TESG funds.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on TOA Paint (Thailand) Public Company Limited (SET: TOA) with a target price at ฿29.50/share.

FSS expected a positive momentum on operating performance in 4Q23-1Q24 from high season and sales of construction material. 4Q23 normalized profit is expected to be around 600-650 million baht, an increase in both QoQ and YoY, following an accelerating seasonality sales.

The operation should also benefit short-term from lower crude oil prices on Oil-Link cost, as well as an increase utilization of TiO2 from China to boost its profit margin. 2023-24 net profit should come in at +33% and +9%, respectively.