Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 10, 2023.
KGI Securities has given an “Outperform” rating on i-Tail Corporation Public Company Limited (SET: ITC) with a target price at ฿29.30/share.
KGI initiated coverage on ITC with an Outperform rating and a 2023 target price of Bt29.30, based on PER 20x (domestic peer’s target PER). The firm stated that it liked ITC because of its leading position in the pet food industry, cost structure advantage over peers, commitment to R&D and very strong balance sheet (net cash company). KGI believed the recent retreat in the share price has largely priced in softer 1Q23F earnings.
Meanwhile, KGI stated that it has an optimistic view about the company’s performance in 2H23-2024F as the global pet food industry is expected to continue to expand over the next five years and ITC has a track record of growing faster than the industry average.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on WHA Corporation Public Company Limited (SET: WHA) with a target price at ฿4.60/share.
MST expected WHA’s 2023 earnings to continue growing, boosted by the industrial relocation from China to Thailand as well as the investment support measure from the government, especially in the EV sector that should be the company’s main focus in the near future.
