SCGP: Expect 3Q21 Earnings to Soften QoQ Due to Lockdown Impact
We expect 3Q21 earnings at Bt1.97bn (+48% YoY, -13% QoQ), slipping to the three quarter low due to weaken demand from ASEAN lockdown, but should...
197 Views
Company Update Scg Packaging Plc. (SCGP)
We have a positive view on the acquisition of Intan to expand to the food and beverage packaging business in Indonesia, We maintain a Buy and the...
97 Views
SCGP: On Track to Grow but Hiccup over Paper Spread in 2Q21
We upgrade our recommendation to BUY rating, from SELL, with new 2022E target price of Bt72.00, from Bt51.00 (+41%), derived from 30.0x PE’22E,...
125 Views
SCGP: Growing Through M&P as Plan but Stock Is Expensive
We downgrade our recommendation to SELL rating, from HOLD, with unchanged 2022E target price of Bt51.00, derived from 21.3x PE’22E. We like the...
220 Views
SCGP: Benefiting from Supply Shortage in 1H21
We maintain our HOLD rating with new rolled-over 2022E target price of Bt51.00, derived from 21.3x PE’22E. SCGP announced 1Q21 financial result and...
190 Views