Stocks in Focus on June 13, 2024: TTB and GFC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 13, 2024


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on TMBThanachart Bank Securities Public Company Limited (SET: TTB) with a target price at ฿2.00/share.

MST stated that for 2Q24, the firm expected profits for TTB to continue expanding both QoQ and YoY. For the full year, MST projected profit growth of 11%, higher than the sector’s expected growth of 5.6%. TTB’s advantage over its peers lies in its business tax benefits, which will help manage operating results over the next 2-3 years with current tax benefit remaining at approx. 14 billion baht.

MST noted that TTB is trading at a PBV24E of 0.7x, lower than its 5-year historical average, making it inexpensive, while offering a high dividend yield of 7.6%.

In the short term, MST believed positive sentiment will follow the results of the MPC meeting. With no rate cut in sight, interest rates should remain high for the rest of the year, which is expected to help relieve pressure from a weakening NIM.


Krungsri Securities (KSS) has given a “BUY” recommendation on Genesis Fertility Center Public Company Limited (mai: GFC) with a target price at ฿12.50/share.

KSS expressed optimism regarding GFC after discussions with the management, who have affirmed their revenue target of 480 million baht for 2024, with an anticipation that foreign patients will contribute to 20% of the total revenue.

The brokerage firm foresees minimal repercussions from the Chinese government’s endorsement of increased childbirth assistance through its state hospitals, thereby maintaining a positive stance on GFC’s outlook.

Furthermore, the company identified no significant adverse factors and projects a 35% growth in net profit for 2024, attributed to its planned expansion of branches.