Stocks in Focus on July 4, 2022: TU and SAPPE

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 4, 2022.


Pi Securities (PI) has given a “BUY” recommendation on Thai Union Group Public Company Limited (SET: TU) with a target price at ฿20.40/share.

PI stated that the outlook for TU’s revenue growth remained strong due to positive earning momentum from processing foods and pet foods. Meanwhile, gross profit margin also remained high from adjusting selling price and the costs for tuna starting to decline. However, the analyst noted that net profit could be weaker due to extraordinary items. Normalized profit is expected at 1,615 million baht (-30%YoY,-11%QoQ).


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Sappe Public Company Limited (SET: SAPPE) with a target price at ฿43.00/share.

FSS expected the profit to hit a new high in 2Q22-3Q22 due to solid exports, increased production efficiency, and the baht depreciation. Together they would help offset increased costs.

FSS increased its profit forecast, anticipating it to grow impressively by +18% CAGR in 2023-2025 due mainly to new markets, such as India. It is becoming a rising star after significant growth signals. It is gaining an economy of scale due to its utilization rate, which should reach its maximum capacity in 2024. In this regard, SAPPE will begin expanding its production capacity in late 2023.

SAPPE has support at Bt35.25//34 and resistance at Bt37//38.50 per share.