Home » Business » SIRI Drops 7.60% Accepting Sell on Fact After Hitting Goal But Fundamentals Still Good: InfoQuest

SIRI Drops 7.60% Accepting Sell on Fact After Hitting Goal But Fundamentals Still Good: InfoQuest

SIRI fell 7.60% or decreased by 0.13 baht to 1.58 baht, exchange value 861.36 baht at 11:24 from the opening price of 1.69 baht, the highest price of 1, 70 baht, the lowest price of 1.58 baht.

Mr. Sorapon Weerametheekul, Senior Director of Securities Analysis Department, Kasikorn Securities, said that the reason why the share price of Sansiri Public Company Limited (SIRI) has dropped a lot. Seeing as the short term is selling. Sell effectively after the price hits Kasikorn Securities target at 1.69 baht, which was previously recommended to buy at the price of 1.30 baht.

However, the fundamentals of SIRI are still good. Profit is expected to hit a new high in Q4 2022. And in the last quarter, 12 new projects will be launched, totaling 18.5 billion baht, for a total of 51-52 billion baht in the full year 2022.

However, if you hold SIRI stock, keep it, but if not, switch to AMATA stock.

By InfoQuest News Agency (06 Dec. ’22)

Tags: SIR, real estate assets, Thai stocks, real estate, Sansiri

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