Stocks in Focus on December 1, 2022: MAKRO and BRI

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 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 expected the operating performance in 4Q22-2023 to recover sharply, in line with the economic outlook. It should support the performance of Makro and Lotus’s acceleration.

The higher free float of 15% after the big-lot sales provides a catalyst due to a potential addition during the MSCI rebalance in February 2023 and a future addition to the ESG Index. MAKRO has support at Bt37.5-37 and resistance at Bt39.5-40//42.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Britania Public Company Limited (SET: BRI) with a target price at ฿13.00/share.

MST stated that BRI’s 4Q22 earnings are expected to return to growth in both QoQ and YoY, driven by normalising construction activities. Combined with the delayed transfer of ownership from 3Q22 to 4Q22 and 3-5 more new projects expected to launch in 4Q22, as well as a high dividend yield of around 6%, making it more attractive for accumulation.