Stocks in Focus on October 17, 2023: ITC and INTUCH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 17, 2023.


Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on i-Tail Corporation Public Company Limited (SET: ITC) with a target price at ฿20.00/share.

MST anticipated that operating results in 2H23 will expand compared to 1H23, driven by a gradual return of customer orders following the product release period in 1H23, a weakened baht during 3Q23, product price increases, and a decrease in the cost of tuna used as raw material. MST considered these factors as positive contributors to income and improved profit efficiency.

The stock price has experienced a 37% decline year-to-date (YTD), primarily due to disappointment in the 1H23 operating results. As a result, MST believed there is limited downside potential for the share price.


Krungsri Securities (KSS) gave a “BUY” recommendation on Intouch Holdings Public Company Limited (SET: INTUCH) with a target price at ฿94.00/share.

KSS stated that it had raised target price to THB94.00 per share, given a 5% discount from NAV. KSS expected 3Q23 profit to increase 2% QoQ, mainly from the contribution of ADVANC.

The plummet in share prices in the past two months was seen as a wider trading gap to ADVANC from 5% to 15% due to concerns of the exclusion from SET50, which did not impact the company’s fundamentals.

KSS expected INTUCH to move in accordance to ADVANC’s performance, while handing out higher dividend yields.