Srinanaporn Marketing Public Company Limited, or SNNP, views the government's two-month extension of the co-payment scheme "Thai Help Thai Plus" at a 60/40 split, running from October 1 to November 30, 2026, with the government contributing 1,000 baht, as a positive factor supporting sales of its beverage and snack groups over the remainder of 2026. Wirot Wachiridechakul, Senior Deputy Managing Director of the Domestic Business line, said that currently about 70% of revenue comes from domestic customers and about 30% from overseas, with the Vietnamese market, where the company has built a factory, showing a continuously improving sales trend in line with Vietnam's expanding economy and consumption. On the analyst side, DAOL Securities (Thailand) Public Company Limited noted that Vietnam's National Statistics Office reported third-quarter 2026 GDP growth of 9.95% year on year, the highest in four years, and expects SNNP's revenue in Vietnam to grow 17% in 2026 from the previous year to about 630 million baht, or roughly 12% of the company's total revenue. It also expects fourth-quarter 2026 profit to grow prominently from the third quarter of 2026 on the back of continuously growing domestic and overseas revenue in line with the high season, expanding gross margins, and better control of selling costs. It estimates full-year profit this year at about 371 million baht and gives a "buy" recommendation on SNNP shares with a target price of 8.00 baht.
Srinanaporn Marketing Public Company LimitedDAOL Securities gives a buy rating with an 8.00 baht target price, forecasting full-year profit of about 371 million baht and strong Q4 growth.
