Stocks in Focus on December 19, 2023: SCB and INTUCH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 19, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SCB X Public Company Limited (SET: SCB) with a target price at ฿120.00/share.

MST expected operating results for 2023/24F to expand 15% and 8%, respectively, supported by an upward NIM direction. 2024 NIM is expected at 3.78%, improved from 3.67% in 2023. Meanwhile, credit cost is expected at 1.85% in 2024, decreased from 1.9% in 2023.

In terms of valuation, trading SCB is trading on PBV24F at 0.7x, lower than the 10-year historical average of -1SD. Additionally, high dividend payment of 7.5-8.1% will be a factor that helps limit the downside of stock price.

MST noted that SCB received an ESG rating of AA, so there is an opportunity to receive support from TESG funds.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (SET: INTUCH) with a consensus target price at ฿88.75/share.

FSS stated that there is a chance for stock price to recover after INTUCH remained a constituent in SET50/100 in the latest revision yesterday, dropping concerns from the market that anticipated the securities to be removed from the indexes.

Meanwhile, FSS expected operating revenue to grow QoQ and YoY in 4Q23, following profit growth of ADVANC that benefit from lower competition in mobile business, while having an NAV discount of around 15%.