Stocks in Focus on June 7, 2022: SAPPE and WICE

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 7, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Sappe Public Company Limited (SET: SAPPE) with a target price at ฿38.00/share.

FSS expected SAPPE’s 2Q-3Q22 earnings to reach a record high from boosting exports in Asia, Europe and the Middle East. The market in the U.S. has recovered QoQ, while also benefiting from baht depreciation.

Costs of plastic remained at the same level as 1Q22 due to stocks in inventory. The price of plastic is expected to rise in 3Q22 and the company is working on adjusting the cost to have the smallest impact. FSS expected to see more new products in 3Q22.

Furthermore, FSS estimated 2022 earnings to grow 25%, while stating that a better-than-expected 2Q22 performance should be an upside to the forecast and target price. SAPPE currently trades at 20x PE.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Wice Logistics Public Company Limited (SET: WICE) with a target price at ฿22.10/share.

MST stated that the short-term outlook for the Chinese economy improved from economic activities in major cities after the reopening in June, which should be a sentiment to support WICE that has high revenue contribution from China. MST expected this to boost 2H22 earnings to outperform, coupled with a spinoff of its subsidiary that should unlock its value.