บทวิเคราะห์ (Research)

SISB : Earnings Preview - 2Q25F Expected to be the weakest quarter We recommend Buy for SISB as we still view it as a stock with net profit growth (+15% CAGR 2025F-27F) driven by student enrollment and new branch expansion, and we have not yet included the 7th new branch in our estimates. For 2Q25F, expected net profit (+8% yoy -5% qoq) grows yoy but declines qoq following education fee revenue trend and increased expenses. In 2H25F, expected net profit better than 1H25F with positive factors from new semester opening and tuition fee increase, while stock price trades at 25F PE of 14x, equivalent to Forward PE below -2.0SD and 0.9x PEG.