Stocks in Focus on September 12, 2022: JMART and KSL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 12, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Jay Mart Public Company Limited (SET: JMART) with a target price at ฿75.00/share.

MST expected JMART’s performance in 2022 to continue growing strongly with at least 50% growth, supported by its subsidiaries with outstanding results along with progress on investments to drive its business.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Khon Kaen Sugar Industry Public Company Limited (SET: KSL) with a target price at ฿4.70/share.

FSS stated that the 3Q22 net profit (+25% Q-Q, +827% Y-Y) blew past estimates and hit its 17-quarter peak, supported by sharply higher sugar sales volume in line with the export season and the low base last year after the COVID-19 outbreak. Also, the selling prices were high due to advanced price locked-ins.

As a result, the gross margin accelerated while SG&A/Sales decreased. KSL’s 9M22 net profit surged by 171% Y-Y, already higher than FSS’ full-year estimate. In 4Q22, the earnings should weaken, in line with seasonality. FSS stated that it raised the profit estimate and TP of Bt4.7 and rated KSL as Trading BUY.