Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 24, 2023.
KGI Securities (KGI) has given an “Outperform” rating on CK Power Public Company Limited (SET: CKP) with a target price at ฿4.36/share.
KGI upgraded CKP to Outperform, from Neutral, with a higher target price of Bt4.36, from Bt3.70, reflecting its earnings upgrade. KGI believed the cycle of earnings cuts has come to an end, aligning with a strong rise in earnings from the likely transition to “neutral” weather conditions by mid-2024, before La Niña conditions in 2H24. This could help CKP’s earnings roar back on top of an upcoming site visit for investors. For 4Q23F, KGI projected a net profit of Bt496mn (-52% QoQ, +591% YoY) – the first YoY rebound of 2023F.
Krungsri Securities (KSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (SET: TU) with a target price at ฿20.00/share.
KSS stated that it ignored large losses in 4Q23 and looked towards brighter prospects in 2024 without Red Lobster to drag earnings. There could be a boost from the softer baht and lower tuna cost (at 18- month low of US$1,450/ton).
