The share price of SISB Public Company Limited (SET: SISB) has risen 27% this year and 16.5% this quarter as hopes for a recovery in economic activities resumed after several lifting of Covid-19 restrictions that also allow young children to return to schools.
Finansia Syrus Securities (FSS) expected SISB’s 2Q22 earnings to accelerate on an uptrend both QoQ and YoY after the schools have resumed their on-site session in which there will be higher number of students, as well as an increase tuition fees to continue supporting the company into 2H22.
2022-23 earnings were expected for an average growth of 37%. The long-term growth was guaranteed by SISB’s two new campuses in Nonthaburi and Rayong. The overall outlook returned to growth stage throughout 2026.
FSS gave a target price for SISB at THB15 per share.
KGI Securities has given an “Outperform” rating on SISB with an upgraded target price at THB14.50 per share from previously THB11.90 per share.
The securities company stated that 1Q22 results showed significant growth QoQ, which led to an assumption that the operating results for SISB should remain strong for the remaining three quarters of this year.
KGI Securities maintained SISB’s 2022 earnings at 277 million baht (+32.6 YoY).
