Stocks in Focus on December 20, 2023: SABINA and GFPT

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 20, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Sabina Public Company Limited (SET: SABINA) with a target price at ฿32.00/share.

MST stated that SABINA is anticipated to experience sales growth in 4Q23, propelled by robust branch sales and NSR, along with positive sales momentum from the successful 11.11 campaign. This is expected to drive a YoY profit growth of 9%.

Profits are projected to surge by 14% YoY in 2024, primarily attributed to the recovery of OEM sales to customers in the UK and Europe, which were postponed from 2023. The growth in store and NSR sales is anticipated to be fueled by the resurgence in strong domestic consumption. Additionally, SABINA boasts a high dividend rate ranging between 5-7% per year.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on GFPT Public Company Limited (SET: GFPT) with a target price at ฿14.20/share.

FSS expected GFPT’s 4Q23 earnings at 365 million baht (+14% QoQ, -19% YoY). Growth in QoQ is an off season due to the delayed exports from the previous quarter. Chicken price is now edging higher while material costs are declining, which will reflect on its gross profit margin.

1H24 outlook remains positive following lower costs as chicken and pork prices could recover as the illegal pork situation should ease. FSS expected GFPT’s 2024 earnings to grw 9% to 1.5 billion baht.