The Thai stock market gradually rose to fever pitch after a severe decline 3 weeks ago, with the SET index falling to 1,371.22 points on October 26, 2023. The major stocks in the SET 100 index fell sharply, but at present, November 17, 2023. The SET index rose to close The market is at 1,415.78 points, equivalent to an increase of 44.56 points, or 3.25%. As for the SET index stocks that recovered the most, they are the 10 ranks as follows.
1. CPG Carabao Group Public Company Limited The price rebounded by 24.03% (October 26, 2023 closed at 64.50 baht, November 17, 2023 closed at 80.00 baht, an increase of 15.50 baht). The price return since the beginning of 2023 is -17.31%, the price return in the first round of the week is + 6.31%, YTD 2023 Earning Yield is 1.88%, (current price has 10.76% upside from target price of 88.61 baht), last 52-week high/low is 106.00/61.25 baht, P/E 47.53 times , market capitalization 80,000.00 million baht
The brokerage company expects the profit trend for 4Q23 to expand well. Entering season Celebration boosts beverage business revenue Meanwhile, income from contract production and product distribution continued to improve thanks to supportive factors in the Carabao beer business, and overall profits benefited from lower electricity costs for the full quarter.
2. GPSC Global Energy Synergy Public Company Limited The price rebounded by 21.94% (October 26, 2023 closed at 38.75 baht, November 17, 2023 closed at 47.25 baht, an increase of 8.50 baht), and the price return since the beginning of 2023 was -35.27%, the price return is 1. Week in +8.00%, YTD 2023 Earnings Yield is 1.06%, current price is 21.48% off target price of 57.40 baht, high/low of last 52 weeks is 75.50/37.00 baht, P/E 47.92 times, Value Market value: 133,232.21 million baht
Shares of GPSC, a leader in power plant stocks, rose strongly. After the price of crude oil on the global market fell sharply, the broker stated that it was Laggard stock, and the power stations group expects profits to grow very high in the second half of 2023, and to continue until 2025, with profits expected to grow in the second half of 2023 by 107% from last year’s low base and fuel prices have fallen even further
3. TIDLOR Ngern Tid Lor Public Company Limited The price bounced back by 21.81% (October 26, 2023 closed at 18.80 baht, November 17, 2023 closed at 22.90 baht, an increase of 4.10 baht). The price return since the beginning of 2023 was -12.67%, the price return in the first round. The week is +8.02%, the YTD 2023 is 1.13%, and the current price has a 19.96% upside from the target price of 27.47 baht, which is the high/low of the last 52 weeks. 28.44 / 18.60 baht, E/E 17.36 times, market value 64,337.10 million baht
Net profit for the third quarter of 2023 reached 1,006.8 million baht, an increase of 11.7% compared to 901.1 million baht in the same period last year. During the first nine months of 2023, the company achieved a net profit of 2,889.2 million baht, an increase of 2.3% over the same period last year.
4. MTC Muangtai Capital Public Company Limited The price bounced back by 21.53% (October 26, 2023 closed at 36.00 baht, November 17, 2023 closed at 43.75 baht, an increase of 7.75 baht). YTD 2023 Price Yield is +15.13%, 1 week pie price return is at +5.42%, YTD 2023 Earning Yield is 2.17%, current price is 1.00% off target price of 44.19 baht, high/low at Past 52 weeks is 45.00/30.75 baht, P/E 19.79 times, market cap 92,750.00 million baht
Most notably, the Financial Group achieved, in the third quarter of 2023, a net profit of 1,285 million baht, earnings per share of 0.61 baht, the same period last year with a net profit of 1,205 million baht, earnings per share of 0.57 baht, operating achieved results for the first nine months of 2023 net. Profit of 3,555 million baht, earnings per share 1.68 baht, same period last year with net profit of 3,961 million baht, earnings per share 1.87 baht
5.SJWD SCG JWD General Logistics Company Limited The price rebounded by 19.64% (October 26, 2023 closed at 11.20 baht, November 17, 2023 closed at 13.40 baht, an increase of 2.20 baht). The price return since the beginning of 2023 is -35.58%, the price return in the first round of the week is at + 15.52%, YTD 2023 Earnings Yield is 3.28%, current price is 39.78% off target price of 18.73 baht, high/low of last 52 weeks is 22.60/10.80 baht, P/E 39.58 times, market cap 24,267.67 million baht
SJWD’s Q3/23 performance was strong despite recording special expenses from the transformation of the entire business, generating a net profit of 139.8 million baht, an increase of 8.1% from the previous quarter. We are confident that the fourth quarter will continue to grow in response to the recovery in demand.
6.NEX Next Point General Company Limited The price bounced back by 19.57% (October 26, 2023 closed at 9.20 baht, November 17, 2023 closed at 11.00 baht, an increase of 1.80 baht). The price return since the beginning of 2023 is -39.89%, price return in round 1. For the week at +8.91%, the current price has a 27.27% upside from the target price. 14.00 baht, 52-week high/low is 19.40 / 8.50 baht, P/E 24.90 times, market cap 22,240.10 million baht
NEX reveals 3Q23 operating results, with profits reaching 66.15 million baht, up 732%, confident that business will be strong in 4Q23, and income will continue to grow. Ready to announce share buybacks to build confidence, setting a budget of 290 million baht to purchase no more than 28.7 million shares, 1.42%, starting operations between November 17, 2023 and May 17, 24.
7.BGRIM B.Grimm Power Public Company Limited The price rebounded by 12.18% (October 26, 2023 closed at 23.40 baht, November 17, 2023 closed at 26.25 baht, an increase of 2.85 baht). The price return since the beginning of 2023 was -33.96%, the price return in a circular fashion of 1. The week in +11.23%, the dividend yield since the beginning of 2023 is 0.25%, and the current price has an upside of 24.76% from the target price. 32.75 baht, 52-week high/low is 42.75 / 21.80 baht, P/E 78.07 times, market cap 68,431.13 million baht
BGRIM rose to stand out from other power plant stocks. Because it’s a stock that’s still lagging or the price hasn’t gone up much. Compared to the industry, while the main factors This is likely due to the recent sharp decline in crude oil prices. As a result, the trend of other commodities such as natural gas is likely to move lower as well.
8.PTTGC PTT Global Chemical General Company Limited The price bounced back by 11.76% (October 26, 2023 closed at 34.00 baht, November 17, 2023 closed at 38.00 baht, an increase of 4.00 baht). YTD 2023 Price Yield is -19.58%, Price Yield round 1. Week is at +5.56%, YTD 2023 is 2.63%, current price is 3.39% higher than target price of 39.29 baht, high/low price In the past 52 weeks it is 52.50 / 31.75 baht, market capitalization 171,336.27 million baht
The petrochemical industry has already surpassed its lowest levels in the second quarter of 2023. From now on, we will witness a gradual recovery, the executive said. It is believed that within the next year or two all petrochemicals will return to normal. Now we are starting to see an improvement in the prices of some products. In addition, the Chinese government has taken measures to stimulate the economy. It is a positive factor that stimulates demand for increased use of petrochemicals. We are expected to see more petrochemical imports from China next year.
9.Siam Global House Public Company Limited The price bounced back by 11.76% (October 26, 2023 closed at 15.30 baht, November 17, 2023 closed at 17.10 baht, an increase of 1.80 baht). The price return since the beginning of 2023 is -20.48%, the price return is 1 week round At -1.72%, the YTD 2023 dividend yield is 1.43%, with the current price still on the upside. 5.96% of target price of 18.12 baht, 52-week high/low is 22.37 / 14.60 baht, P/E 32.42 times, market cap 85,530.83 million baht.
Net profit for the fiscal quarter 2023/3 fell by 32% to 525 million baht compared to the previous year’s net profit of 774 million baht, due to lower sales revenue. Factoring in increased costs, net profit during the first nine months of 2023 fell by 29% to 2.1 billion baht.
10. ACE Absolute Clean Energy Public Limited The price rebounded by 11.35% (October 26, 2023 closed at 1.41 baht, November 17, 2023 closed at 1.57 baht, an increase of 0.16 baht). The price return since the beginning of 2023 is -41.85%, the price return is 1 round. Week in +6.08%, 52-week high/low is 2.76 / 1.40 baht, P/E 14.36 times, market capitalization 15,976.32 million baht.
ACE’s revenue in 3Q23 reached 1,627 million. Net profit reached 316.8 million baht, an increase of 0.3% from the second quarter of 2023, which amounted to 315.8 million baht. 6-7 solar power plants on biomass will be opened and sustainable SET shares will be acquired. ESG ratings level “AA” along with 5-star CGR level “Excellent” in 2023
But it remains to be seen whether these stocks, which have rebounded strongly, will be able to withstand price adjustments from the positive factors that support them continuously, or not?
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