Stocks in Focus on October 2, 2023: KCE and JMART

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


Maybank Securities (Thailand) has given a “BUY” recommendation on KCE Electronics Public Company Limited (SET: KCE) with a target price at ฿59.00/share.

MST stated profits in 2H23 are expected to recover after operators return to restocking mode, and profit efficiency will improve due to: 1) Lower copper costs. 2) A weakened baht. 3) Accelerated utilization. This aligns with the global manufacturing PMI index, which has signaled a bottom-out since 3Q23


Liberator Securities (LIB) has given a “BUY” recommendation on Jaymart Group Holdings Public Company Limited (SET: JMART) with a target price at ฿32.00/share.

LIB expected the performance to be bottomed out in the second quarter and should grow significantly in the third, boosted by the strong performance from its subsidiaries such as JMT and Teenoi. Meanwhile, SINGER should see a recovery as well.