Stocks in Focus on September 21, 2021: SCGP and CHG
Stocks in Focus on September 21, 2021: SCGP (Maybank Kim Eng Securities TP at ฿72.00/share) and CHG (Finansia Syrus Securities TP at ฿4.70/share).
Stocks in Focus on September 21, 2021: SCGP (Maybank Kim Eng Securities TP at ฿72.00/share) and CHG (Finansia Syrus Securities TP at ฿4.70/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 21, 2021.
 
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SCGP) with a target price at ฿72.00/share.
MBKET stated that SCGP’s subsidiary, Vina Kraft Paper Co (VKPC), in Vietnam will build its 3rd integrated packaging plant in Vietnam (VKPC 3) with a capacity of 370K tpy. The total investment is THB11b covering site development, infrastructure and machinery. The capex outlay will be spread over the next four years: 2021 – THB1b, 2022 – THB1b, 2023 – THB5b and 2024 – THB5b –and can be funded by internal cash flow. It will not handicap SCGP in pursuing bolt-in acquisitions.
 
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Chularat Hospital Public Company Limited (CHG) with a target price from FSSIA at ฿4.70/share.
FSS expected strong 3Q21 earnings to reach a record high from Covid-related services. Primarily, FSS estimated a profit of 650-700 million baht. Even though the 4Q21 outlook could slow down, it will be at a strong level, boosted by the coming of the Moderna vaccine. In addition, the correction in the past two months gave CHG a wider gap of upside.