Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 19, 2023.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿49.00/share.
MST stated that it saw an improving outlook for packaging product demand in 2H23E, driven by Thailand’s tourism sector recovery (42% of sales), lower VAT (to 8% from 10%) in Vietnam (13% of sales), high seasonal demand in Indonesia (15% of sales), and potential stimulus measures in China (11% of sales). As such, while demand was relatively weak in 1H23, MST’s FY23 earnings forecast is unchanged and it expected core profit of THB6.596b (+14% YoY).
KGI Securities (KGI) has given an “Outperform” rating on SISB Public Company Limited (SET: SISB) with a target price at ฿42.0/share.
KGI expected SISB to show an excellent 2Q23F performance with an estimated net profit of Bt166mn (+112.6% YoY, +4.7% QoQ), accounting for 23.1% of its new full-year forecast. KGI also raised its net profit forecasts 15.9% to Bt721mn (+95.2% YoY) for 2023F and 21.2% to Bt916mn (+27.0% YoY) for 2024F. Considering earnings projections, KGI maintained Outperform rating while raising the mid-2024 target price to Bt42.00 (WACC 9%, TG 4%) from Bt33.50 previously.
