Stocks in Focus on July 4, 2023: KKP and GFPT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 4, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kiatnakin Phatra Bank Public Company Limited (SET: KKP) with a target price at ฿65.00/share.

MST stated that the rate-hike cycle will boost KKP’s earnings potential, while its loan portfolio is expected to grow significantly. Risks from assets quality should bottom out and net loss from repossessed cars should be lower. KKP is also attractive due to its dividend yield of 5%.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on GFPT Public Company Limited (SET: GFPT) with a target price at ฿15.20/share.

FSS expected GFPT to report normalized profit of 344 million baht in 2Q23 (+45% QoQ) due to seasonality for exports and lower material costs, but still -29% YoY. Exports and sales price of live chicken in 2Q23 should grow QoQ and YoY, while gross margin should recover as well. Price of live chicken is expected to increase in 3Q23, boosting positive momentum for the company in 2H23. FSS revised up the normalized profit forecast by 5% to 1.36 billion baht (-34% YoY), boosted by bird flu outbreak in Brazil.