Stocks in Focus on December 15, 2022: MINT and NOBLE

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 15, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Minor International Public Company Limited (SET: MINT) with a target price at ฿35.00/share.

MST stated that MINT’s net profit in 4Q22 should receive a boost from the tourism industry’s peak season in Thailand, while hotel business in Europe is also recovering. SSSG in f&B business shows consistent recovery and should return to its normal level next year, especially its restaurants in China (6% of revenue) that have been damaged by lockdown measures.


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 the condo business outlook remains bright in 2023 due to pent-up demand amid low supply and a boost from the return of foreign customers, particularly Chinese, should international travel restrictions ease.

FSS expected the 4Q22 profit to increase sharply to Bt500-600mn from Bt137mn in 3Q22. It would support the profit to decrease by just 21% Y-Y in 2022 before jumping by 85% Y-Y in 2023. NOBLE is an attractive property stock due to its turnaround story, undemanding valuation, and high annual dividend yield of 6-9%. NOBLE has support at Bt5-4.96//4.8 and resistance at Bt5.2//5.5.