Land and Houses Securities issued an analysis recommending the purchase of two stocks, ITC and TU, setting a target price for ITC at 19.5 baht, with support levels estimated at 16.0 and 16.3 baht and resistance at 17.0 and 18.0 baht. It expects third-quarter 2026 revenue to mark the highest point of the first three quarters, growing both year on year and quarter on quarter within the target range, driven mainly by sales volume from the US market in the Sachet product group and from major customers. It also expects the gross profit margin to hold at the middle of the target range of 23 to 25 percent, supported by the share of premium products exceeding 50 percent, even though SG&A is under temporary pressure. For TU, it recommends buying with a target of 14.75 baht, with support estimated at 12.6 and 13.0 baht and resistance at 14.0 and 14.8 baht, stating that the company has passed the bottom of its restructuring and is entering a new profit cycle after the transitional expense burden that had pressured its EBIT margin, which fell to 4.6 percent in 2025, and its ROE has begun to bottom out. This supports a recovery in sales and margin performance, and it sees 2027 as a major turning point driven by growth in branded products, cost control, and investment discipline.
i-Tail Corp. PCLLand and Houses Securities recommends buying ITC with a 19.5 baht target price, citing Q3 2026 revenue growth and stable 23-25% gross margin.
Thai Union Group PCLLand and Houses Securities recommends buying TU with a 14.75 baht target, saying it has passed the bottom of restructuring and is entering a new profit cycle.
