Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 26, 2022.
Maybank Securities (Thailand) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿75.00/share.
MST stated that SCGP’s 4Q21 net profit of THB2.116b (+19% QoQ, +42% YoY) beat the forecast due to extra gains while core profit was down to THB1.358 (-17% QoQ, -12% YoY), hurt by higher raw material cost and disruption due to 3Q lockdown.
MST maintained its upbeat 2022 outlook, underpinned by domestic and international capacity expansion, and integration within both packaging solutions and the value chain. SCGP has set a 5-year investment budget of THB100b to support doubling of sales.
Asia Wealth Securities (AWS) has given a “BUY” recommendation on KCE Electronics Public Company Limited (SET: KCE) with a target price at ฿101.00/share.
AWS expected KCE’s 4Q21 net profit to increase 67% YoY and 5% QoQ, driven by a weak baht, higher utilization and lower expenses. Exports have an advantage from the baht depreciating against the U.S. dollar.
AWS expected net profit in 2022 to grow from the expansion of production capacity, price increase and continued backlog. The securities company still chose KCE as the group’s top pick based on (1) the electronics market growing and (2) the plan to increase production capacity in response to increasing demand.
