Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 26, 2023.
KGI Securities (KGI) gave an “Outperform” rating on Minor International Public Company Limited (SET: MINT) with a target price at ฿45.00/share.
KGI stated that MINT is expected to report a normalized profit of Bt2.36bn (+17% YoY, -22% QoQ), including extra gain (mostly FX gain) in 3Q22 and 2Q23. Net profit should decline 49% YoY and 28% QoQ.
For its hotel business, RevPar of owned and leased hotels is expected to have increased 15% YoY backed by ARR increasing 11% and occupancy rate rising 2ppts to 70%. For its food business, same store- sales (SSS) is projected to slightly drop 1% YoY due to weaker sales for its hubs in China and Australia.
KGI expected MINT’s earnings to remain relatively strong in 4Q23F at above Bt2.0bn. However, profit should drop QoQ as a result of seasonal effects for hotels in Europe.
Finansia Syrus Securities (FSS) gave a “BUY” recommendation on SISB Public Company Limited (SET: SISB) with a target price at ฿42.00/share.
FSS expected SISB’s 3Q23 net profit to come out better-than-expected even with a one-time expense. There is also a mismatch in revenue as the company already realized income from the registration of students at the new branch prior to the actual opening date of the semester.
FSS expected 120-122 million baht of net profit in 3Q23 for SISB (-21% QoQ and 22% YoY), while normalized profit could reach 180 million baht due to higher-than-expected students at around 4,125 at the end of the third quarter, representing an increase by 730 students from the second quarter. Revenue should reach its all-time high in the quarter. Net profit for the whole year is expected at 592 million baht.
