Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 8, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿32.00/share.
Higher domestic and international sales, along with improved profitability resulting from reduced costs, are expected to drive the 2023 earnings. Furthermore, the ongoing expansion of the Vietnam factory in phases 2 and 3 during 2Q23 and 3Q23 will serve as an additional supporting factor.
KGI Securities (KGI) has given an “Outperform” rating on Supalai Public Company Limited (SET: SPALI) with a target price at ฿24.60/share.
KGI stated that it cut SPALI’s 2023F-24F revenue/earnings estimates for SPALI by 11-12%/1 -15% respectively to factor in potential weak demand given the softening macro-outlook. As a result, SPALI is the only stock under KGI’s proper sector coverage expected to see an earnings contract in 2023F. Now that its YTD share price has slipped 17%, the most compared to peers, SPALI trades slightly below -1S.D. of 5.5x PE with a dividend yield of 6.4% for 2023F. KGI’s new target price of Bt24.60, from Bt32.00, is pegged to a discounted PE multiple of 6.7x, -0.5 S.D. to its long-term mean. Maintain Outperform.