Stocks in Focus on April 19, 2022: SPA and SNNP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 19, 2022.


KGI Securities has given an “Outperform” rating on Siam Wellness Group Public Company Limited (SET: SPA) with a target price at ฿8.70/share.  

KGI Securities expected SPA to report a 1Q22F net loss of Bt50mn (+34% YoY, -9% QoQ). Earnings momentum is expected to soften QoQ amid the rise in daily new COVID-19 infections, while the strong growth YoY should be backed by fewer COVID-19 restrictions. KGI Securities expected the earnings momentum to recover both YoY and QoQ in 2Q22F amid improving tourism sentiment. With the recovery ahead, KGI Securities maintained a rating of Outperform with a target price of Bt8.70. 


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿18.80/share.

MST expected 1Q22 earnings to grow well in both domestic and international markets that expand well in line with improving consumption in ASEAN. It also manages costs well while the selling price has been adjusted with the launch of new products with better margins. It will have more upside from the preparation to open factories in Vietnam and Indonesia.