What stocks should I buy? This is probably a question that many investors are interested in. In preparation for the New Year 2024, today “Thairat Money” takes everyone to examine the opinions of 3 prominent stock analysts. 3 Ready to publish list of outstanding stocks, how interesting they are to invest. Everyone can adapt it to their own investment portfolios.
Let's start with the concept Wathan Jitsomnuk, Director of Strategic Analysis PIE Securities Public Company Limited It was revealed to “Thairath Money” that for the investment strategy in 2024, it is recommended to invest in industrial clusters within the country. We recommend a “Buy” share of CP All Public Company Limited or CPALL with a target price of 72.00 baht and expect 4Q23 earnings, given the potential for growth following the recovery of the Thai economy, which is clearer than the global economy. Continue to grow because of strong same-store sales growth (SSSG) both in the same period last year and in 3Q23, good convenience store (CVS) business margins and lack of compensation for specialty employees. An important positive factor is the expected benefits from government stimulus measures through digital currency policy of 500 billion baht, and profits are expected to increase by a further 18% in 2024.
At the same time, make a “buy” recommendation on the company's stock. Airports of Thailand Public Company Limited or AOT shares have a target price of 78.00 baht, assessing the trend through 2024, where it is expected to see further recovery. This is evident from the flight and passenger numbers for the month of October, which has started to recover after international travel. It may increase even more compared to September.
At the same time, we recommend “Buy” shares of Ngern Tid Lor Public Company Limited or TIDLOR with a target price of 30.00 baht. Profitability is expected to continue to grow in Q4 2023 with flexible credit quality. In the second half of 2023, this will allow the company to reduce bad debt balance costs in 2024-2025, while full-year 2023 profits are expected to grow 6.6% year-on-year and grow steadily at 21.7%. 21.1% in 2024-2025 respectively, driven by non-interest income (NII) and higher insurance premiums. Also, bad debt provisioning cost has come down.
page Nattaphon Kamthagruya, Director, Securities Analysis, Yuanta Securities (Thailand) Company Limited Looking at each group, he said for overall investment in 2024, rate stocks such as power plants and telecommunications groups as safe (defensive). A policy that has passed its peak will benefit from the interest rate. Meanwhile, stocks based on domestic consumption (domestic play) such as the retail sector will be a subsidiary factor from the government's economic stimulus measures.
The retail panel recommends “buy” shares of CP All Public Company Limited, or CPALL, in line with measures to boost domestic consumption. And it is a role that is easy to understand and fast to remember. For the power plant group, they selected shares of Global Power Synergy Public Company Limited or GPSC stock as the outstanding stocks, assessing the 2024 operating results as the most important growth in the power plant group.
In addition, it is recommended to “buy” shares of Thaicom Public Company Limited or THCOM stock, after starting to see a clear picture of the transition to new technology. Whether it is a low-orbit satellite or a new satellite launch that is in line with the government's digital economy of using more satellites. It will be a turning point for the company, which will start seeing a clearer picture from 2024.
page Kidpan Pribaisangit, Director of Analysis and Strategy, UOB Kay Hien Securities (Thailand) 2024's investment strategy focuses on investing in individual stocks that have good returns, low leverage and directly and indirectly benefit from the depreciation of the baht. For outstanding shares, we recommend “Buy” Major Cineplex Group Public Company Limited or Major shares. And benefit from both the opening of the city and the return to normality of the film front. Additionally, dividends are expected to be as high as 7%.
At the same time, shares of PTT Public Company Limited or PTT stock are recommended to “buy” as they currently have a dividend yield of approximately 5.5% and stable cash flow. Meanwhile, the company's operating results have not fluctuated much with crude oil prices.
However, it is still recommended to “buy” shares of Thai Union Group Public Company Limited, or TU shares, which will benefit from the bond's weaker trend. It offers a dividend yield of more than 4% and operating results are still on a recovery path.
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