Stocks in Focus on November 1, 2022: MAKRO and CPN

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 1, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Siam Makro Public Company Limited (SET: MAKRO) with a target price at ฿42.00/share.

FSS stated that MAKRO’s 3Q22 profit is expected to rise both Q-Q and Y-Y due to being a peak season. The seasonal effect should completely offset the loss-making Lotus’s. Its operation will rise further in 4Q22 and get benefit from tax deduction for shopping if there’s any.

FSS believed its worst is about to pass in 2022 with the net profit to drop 42% Y-Y. 2023 profit is forecast to grow solidly 55% Y-Y, reaching 2019. The company has upside risk if Lotus’s grows strongly. MAKRO has support at Bt35 and resistance at Bt37.


Krungsri Securities (KSS) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (SET: EPG) with a target price at ฿14.50/share.

KSS stated that EPG should receive a positive sentiment from declining oil prices, while its business should bottom out. KSS expected 2QFY23F to report a net profit of 390 million baht, representing an increase by 69% QoQ, supported by auto business and insulation.