Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 10, 2023.
Maybank Securities (Thailand) has given a “BUY” recommendation on Home Product Center Public Company Limited (SET: HMPRO) with a target price at ฿18.00/share.
MST expected earnings to grow 10% YoY in FY23 to a fresh record high. Sales momentum has continued to pick up since the start of the year. 2M23 SSSG rose to 7-8%, driven by consumption and tourism recoveries. Proactively resuming store expansion should support resilient long-term growth. MST maintained BUY with a slightly lower TP (DCF, 7.3% WACC, 3% growth) of THB18.0 from THB18.5. FY23-24 earnings forecast was by 3-4% to reflect rising costs.
KGI Securities has given an “Outperform” rating on Ekachai Hospital Public Company Limited (SET: EKH) with a target price at ฿9.80/share.
KGI stated that it got the opportunity to visit EKH’s IVF center at Praram IX and received an update on the company’s overall earnings outlook. All-in, KGI remained optimistic about the company’s earnings performance this year. Management targets to reach a net profit of Bt250mn in 2023F, which is very close to KGI’s net profit forecast at Bt254mn. Hence, KGI maintained its full-year forecast and rated the counter Outperform with a new 2023 DCF-based target price of Bt9.80 (DCF: WACC 9%, TG 3%), from Bt9.2 per share.
