Stocks in Focus on October 5, 2023: SNNP and AH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 5, 2023.


Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on Srinanaporn Marketing Public Company Limited (SET: SNNP) at a target price at ฿21.60/share.

MST expected 3Q23F profit to reach a new quarterly high of 164 million baht, increased by 5% QoQ and 15% YoY due to sales growth both domestically and abroad, improved profitability from economies of scale, and lower raw material costs.

MST anticipated 4Q23F profits to continue to set new highs as it entered the holiday season, with PER23F at 29.42x, lower than the long-term average of 31.6x.


Liberator Securities (LIB) gave a “BUY” recommendation on AAPICO Hitech Public Company Limited (SET: AH) with a target price at ฿45.00/share.

LIB expected AH’s operation in 2023-24 to outperform the industry, boosted by increasing sales and the relocation to Thailand. Meanwhile, a decline in material costs helps increase its efficiency on cost management.

AH’s valuation is at PE 5.9x with an estimated dividend yield of 5%.