Stocks in Focus on January 30, 2023: ICHI and SHR

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 30, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Ichitan Group Public Company Limited (SET: ICHI) with a target price at ฿14.00/share.

MST expected ICHI’s earnings in 4Q22 to improve outstandingly compared to the fourth quarter in 2021 and the third quarter of 2022, boosted by more new products that received positive response from the market to drive its earnings. Profit margin is expected to improve with lower costs. Meanwhile, earnings in 2023 should outperform as well.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on S Hotels and Resorts Public Company Limited (SET: SHR) with a target price at ฿5.30/share.

FSS expected 4Q22 earnings to remain flat QoQ, but bounce back from a net loss in 4Q21, boosted by its peak season for hotels in Maldives and Thailand, resulting in an increased RevPar. Meanwhile, even with a low season in Europe, FSS expected RevPar to remain 20% higher than pre-pandemic level.

FSS expected SHR’s bottom line in 2022 to book a slight profit of 55 million baht, but should accelerate to 458 million baht in 2023, boosted by lower electric bills in Europe and China’s reopening.