SISB shares continued to rise for the third day in a row as investors and brokers remain optimistic about the company’s full-2022 earnings outlook.
As of 16.05 hrs. local time in Thailand, the share price of SISB Public Company Limited (SET: SISB) rose THB1.40/share or 12.07% to THB13.00/share, with a trading value of THB408 million.
SISB executives earlier revealed that the company expected 15-20% revenue growth for its 5-year strategic plan as schools return to normal. The company said that it will continue to open more branches, expecting student numbers to reach 4,150.
Finansia Syrus Securities (FSS) has positive view on the report that SISB Rayong branch is expected to open one year faster than scheduled, while expecting operating results to grow continuously every quarter, starting 1Q22, from tuition fees that returned to normal level, while kids are also returning to school as well. FSS estimated SISB net profit to grow at an average of 26% in 2022-23.