Stocks in Focus on November 9, 2022: NSL and NER

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 9, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on NSL Foods Public Company Limited (SET: NSL) with a target price at ฿26.00/share.

FSS stated that it expected the 3Q22 profit to decrease by 10% Q-Q. However, it would jump by 200% Y-Y due to last year’s low base. Although revenue growth should remain impressive, the higher raw material costs should affect the margins.

In 4Q22, the earnings would recover, in line with seasonality. It may hit a new high due to traffic recovery and 7-11’s branch expansion. FSS expected the 2022 profit to jump by 59% Y-Y. Also, FSS anticipated continued growth of 19% Y-Y in 2023. NSL tumbled, making its upside wide again. NSL has support at Bt20//19 and resistance at Bt20.50//21.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on North East Rubber Public Company Limited (SET: NER) with a target price at  ฿10.70/share.

MST stated that NER reported 3Q22 net profit at 529 million baht  (+38%QOQ, +20%YoY) from accelerating sales to 126,000 tonnes, and a gross profit margin of 13.4%, compared to 11.7% in 2Q22 and 13.2% in 3Q21. The current price is trading at 4.7x of valuation, seeing an opportunity to accumulate.