Stocks in Focus on May 2, 2023: GPSC and HMPRO

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 2, 2023.


KGI Securities has given an “Outperform” rating on Global Power Synergy Public Company Limited (SET: GPSC) with a target price of ฿80.00/share.

KGI Securities expected GPSC to report a 1Q23F net profit of THB1.01 billion (vs. net loss of THB436 million in 4Q22, +223% YoY), on SPPs and lower SG&A. Meanwhile, core profit should come in at THB1.4 billion (vs. core loss of THB267 million, +467% YoY). The share price has declined like its peers YTD, even though earnings are expected to roar back in 2023F. The anticipated recovery in 1Q23F earnings and expected positive guidance from management about Avaada should be catalysts ahead.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Home Product Center Public Company Limited (SET: HMPRO) with a target price at ฿18.00/share.

MST expected 2Q23 earnings to grow YoY and QoQ from positive momentum in SSSG. Meanwhile, growth in tourism provinces also shows strong growth. The company has more Mega Home branches. Lower electricity bills in May should benefit the company. MST expected HMPRO to record a new high of profit this year.