Analyst Eyes SISB after Booking Income from New Semester, Recomm. “BUY” at a TP of Bt12

Finansia Syrus Securities (FSS) stated in its analysis, expecting SISB Public Company Limited (SISB)’s 4Q20 profit to increase 101% from the previous quarter as schools returned to normal operations, while not having extraordinary expenses unlike the third quarter of 2020. Still, the profit in 4Q would be lower than the same period of the year before by 13%.

As for the outlook in 1Q21, FSS believed the returning of online sessions would have a limited impact on SISB due to the company having just revised its tuition fees up. Meanwhile, the business is expected to start recovering in 2Q21 and continue higher in 3Q21 from opening a new phase in Thonburi Branch as well as the upcoming new branch in Ratchapruek. In addition, FSS reiterated “BUY” recommendation with a target price at ฿12.00/share.