The share price of SCG Packaging Public Company Limited (SET: SCGP) rose THB2.50/share or 4.50% to THB58.00/share as of 12.12 hrs. local time in Thailand, with a trading value of THB704 million.
Maybank Securities (Thailand) (MST) recommends “BUY” rating on SCGP with a strategic target price of THB75.00 per share following signs of global coal prices falling that helps ease cost pressures while the selling price has beens increased. As for the cost of scrap paper, it is likely to decline during Jan-Feb, so MST believes that margins will increase, combined with higher sales from M&P.
