Stocks in Focus on November 10, 2022: NOBLE and BH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 10, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Noble Development Public Company Limited (SET: NOBLE) with a target price at ฿5.60/share.

FSS stated that NOBEL turned profitable in 3Q22, reporting a net profit of Bt137mn slightly beat estimates due to below-estimate SG&A. Also, revenue had support from two newly-built high-margin condos. In 4Q22, FSS expected the earnings to accelerate Q-Q and Y-Y due to the transfers of three newly-built condos. FSS anticipated the profit to drop (-21% Y-Y) in 2022. However, it would jump (+85% Y-Y) in 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bumrungrad Hospital Public Company Limited (SET: BH) with a target price at ฿240.00/share.

MST stated that BH reported net profit for 3Q22 at 1.5 billion baht (+29%QoQ, +407%YoY), which was higher than the market had anticipated by 22%. International patients increased 213% YoY and 25% QoQ, while domestic patients increased 10% YoY and 0.1% QoQ in the quarter, resulting in higher revenue proportion from foreigners to 67.4% from 62.3% in 2Q22.