Stocks in Focus on April 24, 2023: PTTGC and ICHI

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 24, 2023.


Phillip Securities Thailand (PST) has given a “BUY” recommendation on PTT Global Chemical Public Company Limited (SET: PTTGC) with a target price at ฿62.00/share.

PST expected net loss in the first quarter to decrease QoQ as the performance from refinery and aromatic businesses recovered. Meanwhile, demand outlook for petrochemical products is starting to look better and is expected to continue increasing following the recovery in China.


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 the net profit for 1Q23F to grow both YoY and QoQ, driven by revenue from the green tea sector. Additionally, the introduction of net products is expected to help boost sales, with good growth in GPM and U-rate in March, which reached all-time highs. This trend should continue in 2Q23 while entering the high season with an inexpensive valuation.