The share price of Beryl 8 Plus Public Company Limited (mai: BE8) closed the morning session at THB 68.75 per share, increased THB 2 or 3%, the highest price was THB 68.75 and the lowest was THB 67.25, with a trading value of 120.69 million bath.
Kasikorn Securities noted in an analysis today that it expected profits in Q4/22 would grow by 45% QoQ and 132% YoY. Profits for 2023 are expected to increase 116% YoY due to a healthy backlog. More importantly, BE8’s main customer is SCB bank, which gives positive momentum in the mid and long-term outlook towards a virtual bank.
The research department of Kasikorn Securities expected the outlook for BE8 would ramp up following a positive session for the U.S.’s technology stocks and the results of the meeting at the FED, which increased interest rates as expected.
Kasikorn Securities gave a “BUY” recommendation on BE8 with a target price at THB 69 per share.
