Stocks in Focus on April 7, 2023: CPF and ETC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 7, 2023.


KGI Securities (KGI) has given an “Outperform” rating on Charoen Pokphand Foods Public Company Limited (SET: CPF) with a target price at ฿27.50/share.


KGI stated that CPF is expected to report a 1Q23F net loss of Bt2.32bn (-182% YoY, -228% QoQ) due mainly to softer swine prices in major countries (Thailand, Vietnam and China). The lower meat prices should drag GPM down YoY and QoQ, resulting in a Bt700mn biological asset loss and a loss contribution from CTI. Share of profit from retail business is also expected to decline YoY and QoQ due to higher utility and interest expenses. However, KGI stated that it believes the recent drop in the share price has already priced in the weak 1Q23F earnings and anticipated a recovery QoQ in 2Q23F-3Q23F.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Earth Tech Environment Public Company Limited (SET: ETC) with a target price at ฿5.85/share.

Winning all 10 industrial waste fuel power plant projects that were submitted (out of 13 projects) represents an additional production capacity of 80 MW. As a result, ETC is expected to experience significant profit growth going forward, with projected profits of 1.8 billion baht.