Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 20, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on i-Tail Corporation Public Company Limited (SET: ITC) with a target price at ฿23.00/share.
MST expected baht depreciation to benefit ITC in 3Q23 due to its core business as net exporter. The report of rising exports in pet foods for July to the highest level in eight months, reflecting customers restocking. Upcoming exports data for August if increasing should hint for a positive sentiment.
The share price decreased 28% YTD, reflecting investors’ disappointment in 1H23 earnings, while 2H23 operations should recover, following seasonality.
Liberator Securities (LIB) has given a “BUY” recommendation on Precious Shipping Public Company Limited (SET: PSL) with a target price at ฿11.30/share.
LIB stated that the Baltic Dry Index (BDI) rose to 1,526 points (+6.1%), a 10-day streak, to its highest level in four months. LIB has a positive outlook for freight business in the second half of this year, following the rise in commodities and a recovering economic data from China.
