Stocks in Focus on August 31, 2022: NSL and SISB

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 31, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on NSL Foods Public Company Limited (SET: NSL) with a target price at ฿24.00/share.

FSS stated that the 3Q22 outlook is better than previously thought. According to the latest data, 3QTD revenue continued increasing Q-Q and Y-Y, supported by the reopening. Also, raw material costs, including wheat or palm oil, steadied or decreased. Given that, the profit growth may extend Q-Q and Y-Y in 3Q22. It could hit a new high and break rank from its seasonally Q-Q lower profit due to the rainy season.

The profit growth should extend in 4Q22 due to the high season and increased tourist arrivals. As a result, FSS saw upsides from its 2022E earnings growth of 30% Y-Y. Also, FSS expected continued growth of 15% Y-Y in 2023.

NSL has support at Bt19.20-19 and resistance at Bt19.90-20//20.40.


KGI Securities has given an “Outperform” rating on SISB Public Company Limited (SET: SISB) with a target price at ฿17.00/share.

KGI Securities stated that biven SISB’s solid performance and potentially higher-than-expected number of students in 2H22 and 2023, the securities company raised its net profit forecasts 11.3% to Bt308mn (+47.6% YoY) for 2022F and 18.5% to Bt401mn (+30.1% YoY) for 2023F, adjusted up i) number of students to 2,950 and 3,450 for 2022-23F and ii) gross margin assumption. KGI Securities maintained a rating of Outperform with a new 2023 target price of Bt17.00 (39.7x PE, 5-year average), from Bt14.50 (40.3x PE).