Stocks in Focus on March 8, 2024: PLANB and KCG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 8, 2024.


Krungsri Securities (KSS) has given a “BUY” recommendation on Plan B Media Public Company Limited (SET: PLANB) with a target price at ฿10.20/share.

KSS stated that PLANB remains its top pick in the media sector despite the share price having run up over the past year. It booked record earnings and superior earnings growth last year (up 34% yoy), and KSS expected earnings to jump 27% yoy this year underpinned by higher revenues and margins driven by operational leverage and price hike.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on KCG Corporation Public Company Limited (SET: KCG) with a target price at ฿12.00/share.

FSS expected net profit in 2024 could continue hitting a record high with a double digit revenue growth from the expansion of its B2B and B2C business. Meanwhile, new products, exports and higher online sales should contribute to the revenue as well.

Gross margin should be around 30% as most of the material costs are either steady and price locked.

As for 1H24, SG&A could decline due to the logistic park project that will begin in 2H24. In the long run, the company plans to expand the production capacity of butter by 25% to be complete within 2Q25. Gross margin 1QTG remains above 30%. Net profit in 2024 should grow 14%.