Stocks in Focus on February 21, 2024: CKP and SISB

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 21, 2024.


KGI Securities (KGI) has given an “Outperform” rating on CK Power Public Company Limited (SET: CKP) with target price at ฿4.36/share.

KGI stated that CKP’s 4Q23 net profit of Bt543mn (-47% QoQ, +656% YoY) beat its estimate on stronger-than-expected hydro projects. KGI remained upbeat on the outlook for hydropower projects in 2024. The El Niño probability is likely to turn to “neutral” by mid-2024 with a higher probability.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SISB Public Company Limited (SET: SISB) with a target price at ฿41.50/share.

MST stated that there is a chance that 4Q23 profits could reach an all-time high quarterly level. This is supported by an increase in the number of students, absence of extra expenses recorded in 3Q23, and recognition of income from tuition increases for a full quarter.

Looking ahead to 2024, the profit trajectory is likely to continue expanding due to high demand for studying in international schools. Bloomberg Consensus expects core profits to expand by 36% YoY.

In the short term, there are positive factors to consider. Businesses stand to benefit from increased demand resulting from the free visa measure between Thailand and China, which will facilitate easier travel between the two countries.