Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 26, 2023.
KGI Securities (KGI) has given an “Outperform” rating on Asia Aviation Public Company Limited (SET: AAV) with a target price at ฿3.00/share.
For 4Q23F, KGI expected AAV to show recoveries in core profit and net profit. KGI expected the company to report a normalized profit of Bt390million, improving from normalized losses in 4Q22 and 3Q23.
KGI estimated the company’s 4Q23F net profit at Bt2.5bn, chiefly from FX gain of Bt2.1bn (baht was stronger against the US dollar by Bt2.1/US$). Considering the company’s recovery story, KGI maintained a rating of Outperform with a 2024 target price of Bt3.00 (based on 10x EV/EBITDA.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Moshi Moshi Retail Corporation Public Company Limited (SET: MOSHI) with a target price at ฿55.00/share.
4Q23 profit trends are likely to expand both YoY and QoQ, supported by entering seasonal periods such as Christmas and New Year, which will boost product demand, while GPM will increase from the launch of new products in the Jewelry group with high GPM. Short-term catalysts include the increasing number of tourists, supporting foreign sales, which accounted for 20% of total sales, accelerating overall sales.
2024 operating results are expected to be bright. The company targets revenue growth of 20% from the gradually recovering domestic purchasing power, expansion of 20 MOSHI branches/4 Garlic branches, and the addition of more than 10,000 new SKUs.
