Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 14, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Plan B Media Public Company Limited (SET: PLANB) with a target price at ฿9.90/share.
PLANB’s out-of-home media business, which accounts for 70% to 80% of total revenue, is poised to benefit from policies aimed at stimulating the consumer and tourism sectors. This will have a positive impact on advertising spending within the out-of-home media industry.
Under normal circumstances, PLANB’s usage of OOH media tends to increase in the second half of the year. This will directly boost net profits since about 70% of the costs are fixed.
PLANB’s Engagement Marketing business (20-30% of total revenue) is poised for growth, driven by income from boxing and ASEAN GAME sports rights management. Strong core business trends are expected to result in significant profit growth in 2H23, both QoQ and YoY, according to the IAA Consensus.
FSS International Investment Advisory (FSSIA) has given a “BUY” recommendation on i-Tail Corporation Public Company Limited (SET: ITC) with a target price at ฿30.00/share.
FSSIA stated that Thailand’s 3QTD pet food export value has recovered q-q, reflecting that customers’ destocking is over. The brokerage firm expected to see Thailand’s pet food exports in August 2023 continue to increase m-m for the fourth month. FSSIA expected Thailand’s 3Q23 pet food export value to rise by 18% q-q to USD549m, but still drop by 13.7% y-y.
FSSIA estimated a 3Q23 net profit of THB486m (+9.2% q-q, -67% y-y), which should grow for two quarters in a row. 2024 is expected to see a sharp growth for ITC.
