Stocks in Focus on January 27, 2023: BEM and SPALI

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 27, 2023.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Express and Metro Public Company Limited (SET: BEM) with a target price at ฿11.50/share.

FSS expected BEM’s 4Q22 earnings to grow 4% QoQ and 27% YoY in response to an increase in traffic on the expressway and metro, following the reopening. Its cost would increase, especially on the maintenance and electrical bill, while revenues are also growing as well.

FSS expected earnings in 2022 to increase 152% and 2023 is projected to grow 64%. FSS had incorporated a value-added from the new Orange Line project that should be settled by 1Q23.


Pi Securities (PI) has given a “BUY” recommendation on Supalai Public Company Limited (SET: SPALI) with a target price at ฿28.50/share.

PI had a positive outlook on SPALI’s 2023 earnings, boosted by revenue recognition from a backlog over 15 billion baht. There are two high-rise projects that will transfer ownership in 2Q23 and 3Q23 worth 1.5 billion baht.