Stocks in Focus on June 1, 2023: TOA and OSP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 1, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on TOA Paint (Thailand) Public Company Limited (SET: TOA) with a target price at ฿40.00/share.

MST stated that sales and normalised profits in 2023 are anticipated to increase by 10% and 40% respectively, while in 2024, the growth is projected at 8% for sales and 10% for normalised profits. These positive trends will be further reinforced by a robust financial position, with cash reserves as high as THB7.5b, and an improving gross margin. The company will benefit from lower costs, which will contribute to its overall performance.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Osotspa Public Company Limited (SET: OSP) with a target price at ฿33.00/share.

FSS stated that OSP’s normalized profit outlook in 2Q23 should recover QoQ and YoY from the recovering in consumption and also boosted by lower gas and electricity costs, pushing margin and revenue higher. The management expected double digit growth and also growing margin, which should be an upside to its bottom line in 2Q23 at 2.5 billion baht, representing a 29% growth.