Dao Securities says SNNP has passed the trough of its earnings in the first quarter of 2026, expecting third-quarter revenue to grow double digits quarter-on-quarter and gross margin to expand on better capacity utilisation and product mix. The company still targets flat or low single-digit decline in total 2026 revenue year-on-year, while overseas revenue grows high single digits, with Vietnam revenue expected at 19 million US dollars or 627 million baht, expanding 16 percent from a year earlier. The analyst maintains the 2026 net profit forecast at 399 million baht, down 23 percent year-on-year, and keeps a buy rating with a target price of 8.00 baht, based on a 2026 PER of 17.7 times.
Srinanaporn Marketing Public Company LimitedAnalyst maintains buy rating with target price 8 baht, citing trough passed and recovery.
