Maybank Securities (Thailand) predict Thai stock market Next week (4-8 July) will move in a frame of 1,550-1590 points, supported by the recovery of the Thai tourism sector and measures.economic stimulusof the state, but at the same time, there is still a risk of a global economic slowdown and rising interest rates
The stocks (Top Picks) are recommended as follows:
– KBANK (Target Price 185) Expect profit this year +8% to 41 billion baht, driven by loan portfolio expansion. and expected to benefit from higher interest rates in the second half while valuation is not expensive, trading only PE 8.6x, PBV 0.7x Dividend trend is likely to increase from Bank of Thailand cancels dividend ceiling
– CPALL (Target Price 79) Expect outstanding 2Q22 profit growth This is a result of the 7-11 business recovering strongly from the increasing number of customers after opening the country (expected SSSG growth in 2Q22 to 12-13%) and the recognition of additional revenue from MAKRO with the merger of Lotus.
– SCGP (Target Price 70) Earnings are likely to recover due to better revenue from M&P recognition combined with better waste paper and transportation costs.