Stocks in Focus on December 14, 2022: MAKRO and HANA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 14, 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 4Q22-2023 operating performance to recover sharply, in line with the reopening, domestic economic recovery, which should support the SSSG, and an accelerating performance of Makro’s and Lotus’s.

FSS anticipated significant profit recovery in 2023. MAKRO should see increased synergies with Lotus’s after the consolidation and rebranding expenses decrease. Also, the increased free float to 15% should serve as a catalyst for MAKRO’s inclusion in key indices, such as MSCI and ESG Index, in the future. MAKRO has support at Bt37.5-37 and resistance at Bt39.5-40//42.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Home Product Center Public Company Limited (SET: HMPRO) with a target price at ฿16.80/share.

MST stated that the profit outlook in 4Q22 is expected to grow in both QoQ and YoY to its highest level in 2022 for its peak season in the last quarter. MST stated that demand for home maintenance and repairing products remains strong. The company plans to expand its branches and also private label to increase gross profit.

MST expected HMPRO to report THB6,377 million of net profit this year, representing an increase by 17%.