Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 26, 2023.
KGI Securities has given an “Outperform” rating on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿50.00/share.
SCGP reported a 1Q23 net profit of 1.22 billion baht (-26% YoY, +171% QoQ), beating KGI’s forecast by 34% on lower-than-expected costs. Growth QoQ was boosted by cost reduction with flat sales. KGI forecaw a gradual recovery in 2Q23F, before a sharp rebound in 3Q-4Q23F. It would be challenging for SCGP to go back to high quarterly profits given the unfavorable landscape.
KGI stated that it believed the share price will continue to be range bound amidst recession fears and slow recovery against demanding valuation. Investors should take a wait-and-see stance pending signs of stronger and faster earnings recovery.
Pi Securities (PI) has given a “BUY” recommendation on Berli Jucker Public Company Limited (SET: BJC) with a target price at ฿45.00/share.
PI expected 1Q23 earnings of BJC at 1.25 billion baht (stable YoY, -23% QoQ). The company has a strong retail business (Big C) that could offset downtrend in other businesses (packaging, consumer goods and medical services and goods). PI expected BJC’s 2Q23 earnings to increase YoY and QoQ, driven by 1) SSSG, 2) lower electricity costs and 3) short-term boost from listing of Big C.
