Stocks in Focus on October 11, 2022: M and CK

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 11, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on MK Restaurant Group Public Company Limited (SET: M) with a target price at ฿66.00/share.

FSS expected the 3Q22 profit to be flat Q-Q. However, it would turn from the loss last year after the traffic recovered well, in line with the reopening. Also, M could raise the selling prices to offset its increased costs. In 4Q22, the profit would continue accelerating due to the tourism industry’s high season and the return of foreign tourists, which would support Laem Chaoren’s revenue. FSS believed the potentially lower raw material costs in 2023 and higher traffic close to its pre-covid level would fully offset the 17% higher electricity bill. FSS maintained its profit growth estimate of 11x Y-Y in 2022 and 47% Y-Y in 2023. 


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on CH. Karnchang Public Company Limited (SET: CK) with a target price at ฿28.00/share.

MST expected CK to report 3Q22 earnings at 455 million baht (+52% QoQ and +65% YoY), which would be its record high in the last eight quarters, buoyed by positive development in CKP, BEM and TTW. CK’s backlog is expected to reach 232 billion baht from the inclusion of the rapid railway Orange Line and the power plant in Luang Prabang.