Stocks in Focus on January 5, 2023: ITC and SISB

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 5, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on i-Tail Corporation Public Company Limited (SET: ITC) with a target price at ฿22.00/share.

MST stated that the stock price experienced a decline of 2.82% due to concerns surrounding Mid America Pet Food, a U.S.-based pet food company facing a lawsuit from dog owners regarding contaminants in their products leading to pet illnesses and deaths. An update from ITC revealed that Mid America Pet Food is not a customer of ITC. Hence, it is speculated that the drop observed yesterday may have resulted from panic selling. Looking ahead, it is anticipated that the stock price will be influenced primarily by fundamental factors.

In terms of earnings, projections indicate an acceleration in 4Q23 profits compared to 3Q23, with a continuous improvement expected in 2024 due to restocking. Additionally, a potential decrease in tuna costs is anticipated, which should contribute to support overall profitability.


KGI Securities (KGI) has given an “Outperform” rating on SISB Public Company Limited (SET: SISB) with a target price at ฿41.00/share.

KGI stated that after passing the worst quarter of the year in 3Q23, the firm expected SISB to report an impressive 4Q23 result with a record high net profit of THB190 million (+48% YoY, +47.8% QoQ). In 2024, KGI expected SISB’s earnings to continue to grow with an estimated net profit of THB833 million (+33.6% YoY).

Furthermore, KGI still preferred SISB for potential growth in international schools in Thailand.