Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 3, 2022.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Thai Union Group Public Company Limited (SET: TU) with a target price at ฿24.50/share.
FSS stated that the 3Q22 net profit (+56% Q-Q, +31% Y-Y) beat estimates due to a sizable FX gain. The core operations remained robust, led by healthy Ambient and Pet Food. However, the frozen-product segment was weak. Also, The Red Lobster posted a higher loss. Although the 4Q22 profit should weaken, in line with seasonality, the 2022 earnings may beat FSS’ estimate (-11% Y-Y). In 2023, FSS expected the profit growth to extend by 11% Y-Y.
Krungsri Securities (KSS) has given a “BUY” recommendation on WHA Corporation Public Company Limited with a target price at ฿4.90/share.
KSS expected WHA to reported normalized profit in 3Q22 at 582 million baht, representing an increase by 13.3% QoQ and 154% YoY, from land sales with higher margin. The mid and long-term outlook remained positive after its land sales nearly reached yearly target.