Stocks in Focus on March 18, 2024: IVL and NSL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 18, 2024.


Krungsri Securities (KSS) has given a “BUY” recommendation on Indorama Ventures Public Company Limited (SET: IVL) with a target price at ฿27.00/share.

KSS expected IVL’s operations to recover in 1Q24, driven by 1) absence of impairment charge (booked in 4Q23), and 2) improving petro product spreads. They recovered strongly in February; specifically, PET spreads in the West rose for the fifth consecutive month to a 10-month high.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on NSL Foods Public Company Limited (SET: NSL) with a target price at ฿26.00/share.

FSS expected short-term growth for 1Q24 remains intact, which would maintain its QoQ growth at record high despite seasonality. The overall outlook in 2024 remains positive, while the company expected to see 19% growth. The management expected the JV of Pen 1, BAW and BEV to see profit this year.