Stocks in Focus on November 14, 2022: EKH and SPA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 14, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Ekachai Medical Care Public Company Limited (SET: EKH) with a target price at ฿9.30/share.

EKH’s 3Q22 earnings that grew 56% QoQ, but plunged 51% YoY was 15% higher than FSS anticipated and 25% higher than the market consensus, boosted by dividend income from KLINIQ. Its operating profit remained strong from both revenue and margin. FSS expected 4Q22 normalized profit to be weaker on a quarterly basis due to seasonality, but net profit would remain strong from the investment in KLINIQ. Easing Covid-19 measures in China is also a positive sentiment to IVF business.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Siam Wellness Group Public Company Limited (SET: SPA) with a target price at ฿15.00/share.

MST upgraded SPA’s 2023-24 earnings outlook by 5% and 17%, respectively, on assumption of 3-4 branch expansions and price hike around 10% right before its peak season that should boost its 4Q22 results to turn to profit.