Stocks in Focus on April 18, 2024: TIDLOR and BDMS

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 18, 2024


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Ngern Tid Lor Public Company Limited (SET: TIDLOR) with a target price at ฿26.00/share.

The recent 7.2% decline in stock prices over the past three business days reflects concerns about rising US bond yields and potential interest rate increases in Thailand. There is speculation that the rate might not decrease as much as previously anticipated, possibly by just two cuts in 2024.

However, the US 10-year Bond Yield has shown signs of slowing its increase after reaching a peak at 4.7%. In the short term, there is positive sentiment surrounding the possibility of inclusion in the SET50 calculations in 2H24. This anticipation is expected to contribute to a strong rebound in the stock price today.

Regarding operating results for 2024, MST anticipated a 12% YoY growth, driven by higher revenue growth compared to increased credit costs. Non-performing loans (NPL) are expected to be in the range of 1.4% to 1.8%, slightly higher than 2023’s 1.47%.


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 good 1Q24F net profit of Bt3.94bn (+13.5% YoY, -0.4% QoQ). The brokerage company noted that it does not expect any extra item in the quarter. Ramadan was March 11 – April 9, which was around 11 days earlier than in 2023. Based on KGI’s forecast, 1Q24F should account for 25% of its full-year estimate at a record high Bt15.8bn (+9.8% YoY), stating that BDMS remains one of its top picks for the healthcare sector.