Analysts at DAOL Securities Thailand have upgraded their recommendation on SNNP to buy, with a target price of 8 baht, stating that earnings have passed their lowest point in the first quarter of 2026 and will recover significantly from the second quarter of 2026 onward. Net profit for the second quarter of 2026 is expected at 74 million baht, down 43 percent from a year earlier but up 23 percent from the previous quarter, supported by seasonal expansion in Vietnam revenue and improved gross margins from production efficiency and a shift in product mix. For the full year 2026, the net profit estimate has been raised by 8 percent to 399 million baht, down 23 percent from the previous year, as domestic revenue declines 5 percent while Vietnam revenue is expected to grow 17 percent, and gross margin narrows to 27.5 percent due to higher raw material and energy costs. In addition, SNNP has launched a new product, Jele Chewy x Kamu Kamu, a fruit tea jelly developed in collaboration with the tea brand Kamu Kamu, aiming to expand its customer base among Gen Z. The Jele product group accounts for 35 percent of total revenue.
Srinanaporn Marketing Public Company LimitedBroker upgrades to buy with target of 8 baht, citing profit recovery from Q2 2026.