Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 17, 2023.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Ichitan Group Public Company Limited (SET: ICHI) with a target price at ฿14.00/share.
FSS expected 2Q23 earnings to accelerate to a new peak of around 250 million baht (+13% QoQ, +64% YoY) from a record high revenue. Margin would also rise in accordance to higher utilization rate, while material costs are expected to be stable.
The management is very confident on reaching the revenue target of 7.3 billion baht (+15%) this year, while expecting 2H23 revenue to remain solid due to higher-than-expected OEM customers.
FSS noted that there is a possibility for an upward revision of its estimate for ICHI’s earnings this year at 732 million baht (+13%) by around 10%.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Home Product Center Public Company Limited (SET: HMPRO) with a target price at ฿18.00/share.
MST expected 2Q23 earnings momentum to be benefited from domestic sales with continuously positive sign in SSSG. The company also has a high margin from selling products and upside from the lower electricity bill to offset potential wage hike that should impact the company around 2.2-2.6%.
