The share price of SISB Public Company Limited (SET: SISB) closed the morning session at THB22.00 per share, increased THB0.50 per share or 2.33%. The price rose more than 3% during the session.
KGI Securities (Thailand) expected the SISB growth would increase, according to the positive outlook of school opening this year and the amount of students that come to school.
In 2023, KGI forecast that new students would reach 3,700 people, an increase of 600 from the same period of last year.
The surge of students was in response to the opening of two new schools at Nonthaburi phase one and Rayong phase one, including the normal growth of existing schools, while China’s reopening has positive factors to its growth.
KGI Securities gave a “ BUY ” recommendation on SISB with a target price at THB 24 per share.