Stocks in Focus on October 27, 2022: GLOBAL and ILM

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 27, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Global House Public Company Limited (SET: GLOBAL) with a target price at ฿26.35/share.

MST expected 3Q22 earnings to come in at 722 million baht, representing an increase by 9% YoY, but would post a decrease on a quarterly basis due to seasonality. SSSG was expected to increase 4%, while gross profit margin was estimated to increase 159bps and accelerate in 4Q22-1Q23 due to the peak season.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Index Living Mall Public Company Limited (SET: ILM) with a target price at ฿23.80/share.

FSS expected the 3Q22 normalized earnings to jump (+168% Y-Y) due to the low base in 3Q21 when Thailand imposed a lockdown, improved product mix, and rental occupancy rate recovery. However, it would decrease (-8% Q-Q) due to seasonality. If the profit is in line, the 9M22 profit would surge by 57% Y-Y and secure 74% of its full-year estimate (+40% Y-Y). In 4Q22, the earnings should grow Q-Q and Y-Y due to the festive season. Also, FSS expected to see continued growth of +9% Y-Y in 2023 as the 2023 target price was rolled over to Bt23.80 per share.