Look for equities with strong growth storiesThai market sentiment appears positive as the pace of new Covid-19 cases is likely to tilt to the downside following a steady increase that lasted nearly five months. INVESTMENT STRATEGYStocks that stand to benefit from an easing of Covid restrictions and those with strong growth stories are attractive. IP (Buy, target 23.87 baht): Our target is based on Bloomberg consensus earnings forecasts and strong growth potential for the biopharmaceutical and healthcare company in the foreseeable future. LEO (Buy, target 16 baht): Our target for the logistics provider is pegged to 2022 PE of 30 times. The financial services company has strong growth potential with 2021 earnings likely to overtake our forecast as loans have gradually increased given the economic recovery and relatively modest impact from the Covid outbreak on its operations.

Source: Bangkok Post September 03, 2021 23:15 UTC