Stocks in Focus on December 26, 2022: CPN and ITC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 26, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Central Pattana Public Company Limited (SET: CPN) with a target price at ฿78.00/share.

MST expected core profit in 4Q22 to increase in both YoY and QoQ entering a peak season amid more spending and recovering in tourist arrivals. Meanwhile, the discount the company gave to its concessionaires will decrease in 2023-24. The company also plans to expand its mixed-use projects.


Kasikorn Securities (KS) has given a “BUY” recommendation on i-Tail Corporation Public Company Limited Public Company Limited (SET: ITC) with a target price at ฿40.80/share.

KS stated that it liked ITC as the world’s largest pet food producer. ITC is proceeding into its growth phase to expand its production to support its 2022-24 profit. These are 1) increasing production capacity, 2) growing pet food market, 3) its leading position as producer and 4) strong financial position. KS expected a 3-year CAGR of net profit at 34%.