Stocks in Focus on December 8, 2023: INTUCH and GFPT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 8, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Intouch Holdings Public Company Limited (SET: INTUCH) with a target price at ฿80.70/share.

MST stated that it initiated coverage of INTUCH with a BUY due to 4-5% dividend yields in FY23-25E and potential upside to the dividend income from future investments. Although 100% of INTUCH’s core profit should come from ADVANC in FY23E, INTUCH is seeking investments in established companies to raise its dividend income streams.

The SOTP-based TP for INTUCH is THB80.7, which is mainly derived from ADVANC’s fair value. INTUCH holds an ESG rating of AA, presenting an opportunity for substantial buying interest from TESG funds as well.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on GFPT Public Company Limited (SET: GFPT) with a target price at ฿14.20/share.

FSS expected 4Q23 earnings at 342 million baht (+7% QoQ), following a rise in exports along with declining costs, but -24% YoY due to high base last year. FSS also expected a gradual recovery in meat prices in 1Q24, led by pork prices from the better outlook on the government handling illegal pork, which would also boost chicken prices as well. More importantly, GFPT is trading at a low PER of 6x and PBV at 0.7x.