Stocks in Focus on January 20, 2023: CENTEL and WICE

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 20, 2023.


KGI Securities (KGI) has given an “Outperform” rating on Central Plaza Hotel Public Company Limited (SET: CENTEL) with a target price at ฿58.00/share.

KGI expected CENTEL to report a 4Q22F normalized profit of Bt280mn (+84% YoY, substantial increase QoQ). Entering the high season and a recovery in international tourists are expected to support strong growth in RevPar (+112% YoY, +46% QoQ) and SSSG of +12%. KGI fine-tuned its 2023F earnings forecast by 6% to reflect its new 2023F tourist arrivals assumption of 28mn (from 25mn). KGI re-iterated its positive view throughout 2023F and maintained a rating of Outperform with a new target price of Bt58.00, from Bt54.00.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Wice Logistics Public Company Limited (SET: WICE) with a target price at ฿22.10/share.

MST stated that even with a weak 4Q22 outlook due to higher base in 4Q21, the overall earnings in 2022 would still reach an all-time high. The company recently approved a share repurchase program, boosting positive sentiment to the market. Meanwhile, WICE is trading at 11.4x PE, which has a discount to its peers of 19.9x.