Stocks in Focus on January 23, 2023: ADVANC and MAKRO

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 23, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Advanced Info Service Public Company Limited (SET: ADVANC) with a target price at ฿240.00/share.

MST expected ADVANC to report a net profit of 4Q22 around 6.5 billion baht (-3.8% YoY, +4.2%QoQ). Its 2023 profit is expected to increase 9.5%, while revenue is estimated to increase 4.5%, which would be higher than the new mergeco (TRUE and DTAC) that the analyst expected to grow 2.9%.

MST also expected ADVANC to realize more benefit from lower inflation rates than its competitors in the sector.


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 MAKRO’s 4Q22 operating results to have a strong recovery and would make the highest point of the year, following the reopening, while there should be positive results from the gradual business adjustment to Lotus’s.

FSS expected MAKRO to continue to recover in 2023 as SSSG should grow and a synergy with Lotus’s. FSS also noted that there is a higher chance MAKRO will be included in MSCI Index.