Stocks in Focus on November 8, 2023: GLOBAL and SAWAD

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 8, 2023.


Maybank Securities (Thailand) (MST) gave a “BUY” recommendation on Siam Global House Public Company Limited (SET: GLOBAL) with a target price at ฿17.70/share.

MST stated that profits have rebounded from their lowest point in 3Q23, and it appears that 4Q23 is poised for a recovery. This is expected as purchasing power in the provinces improves, alongside rising agricultural product prices, particularly rice, as we approach the harvest season from November to December.

Looking ahead to profit trends for 2024: we anticipate a 19% growth, driven by the opening of 6 new branches, a return to normal in SSSG (Same-Store Sales Growth), and improvements in steel prices, all of which will support the Gross Margin.

Furthermore, if the Digital Wallet project progresses, it has the potential to provide an additional upside to our projections.


Finansia Syrus Securities (FSS) gave a “BUY” recommendation on Srisawad Corporation Public Company Limited (SET: SAWAD) with a target price at ฿51.00/share.

FSS expected higher-than-expected earnings of TIDLOR and MTC could post a positive sentiment to SAWAD as well. FSS forecast THB1.43 billion of net profit in 3Q23 (+25% QoQ, +21% YoY), supported by rising interest income, especially after the consolidation with FM, which would lower its credit cost at a noticeable level.

FSS estimated SAWAD’s 3-year CAGR (2023-25) at 18.5%, boosted by growth of its secured loans portfolio, consolidation with FM and also growth from SCAP.