Stocks in Focus on July 31, 2023: BANPU and SNNP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 31, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Banpu Public Company Limited (BANPU) with a target price at ฿11.00/share.

MST expected the El Nino effect to stimulate higher electricity consumption, leading to a positive impact on natural gas and coal prices. This, combined with positive expectations of Chinese economic stimulus, encourages investment in infrastructure, which is expected to accelerate more during the second half of 2023.


Liberator Securities (LIB) has given a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) with a target price at ฿26.50/share.

LIB expects SNNP’s net profit in 2Q23 to grow QoQ and YoY, boosted by sales growth in Vietnam. Meanwhile, the bottomline in 2023 should reach 701 million baht (+36% YoY) from the full-year recognition of manufacturing plants in Vietnam and higher margin due to lower freight costs and the lower VAT in Vietnam to 8%. Sales in Vietnam should continue to grow in 2H23.