Stocks in Focus on February 7, 2023: SAPPE and SNNP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 7, 2023.


KGI Securities (KGI) has given an “Outperform” on Sappe Public Company Limited (SET: SAPPE) with a target price at ฿60.00/share.

KGI stated that it sees earnings growth remaining solid in 2023-2024 through revenue growth (expanding to new markets and recurring growth in existing markets) and margin improvement on lower cost of production and better efficiency.

KGI raised its 2022F/2023F/2024F earnings forecasts by 8%/15%/16%. Applying PE 24x, KGI reached a new 2023 target price of Bt60.00, from Bt52.50.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿27.50/share.

MST expected SNNP’s normalized profit in 4Q22 at 154 million baht, which would be a record high. Meanwhile, profit in 2023-24 is expected to increase 30% and 21%, respectively, due to higher sales and profit margin domestically and internationally, especially Vietnam that recorded a significant growth.