Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 23, 2022.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Ichitan Group Public Company Limited (SET: ICHI) with a target price at ฿11.00/share.
FSS stated that the operating performance should recover well in 3Q22-4Q22, even though it is a low season. It would see support from the plan to introduce 5-6 new products in the next three months, which would support its utilization rate. Also, it would benefit the revenue and margins.
ICHI maintains its 2022 revenue target of Bt6.5bn (+24% Y-Y), implying a robust growth in 2H22. FSS expected the profit to hit last year’s peak in 3Q22 before decreasing in 4Q22. Given that, FSS anticipated it would be flat Y-Y in 2022 before jumping by 15% Y-Y in 2023.
ICHI has support at Bt9.1-9 and resistance at Bt9.7-9.8.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Thaifoods Group Public Company Limited (SET: TFG) with a target price at ฿8.50/share.
FSS stated that the Finansia Exclusive Talk ended on a positive note. Management viewed meat prices would remain high until 2023, while FSS expected the 3Q22 profit to hit a new high. Management had increased its 2022E revenue growth to 20-25% and anticipated continued growth of 10-15% next year. The retail business expansion would help support margins to rise. It would result in a more stable long-term profit. Also, the minimum wage hike would have limited impacts. FSS maintained its 2022E profit growth of +7.5x Y-Y and the conservative 2023 estimate of -17% Y-Y.
