Stocks in Focus on June 14, 2021: CKP and SCGP
Stocks in Focus on June 14, 2021: CKP (Maybank Kim Eng TP at ฿6.50/share) and SCGP (Capital Nomura Securities TP at ฿60.00/share).
Stocks in Focus on June 14, 2021: CKP (Maybank Kim Eng TP at ฿6.50/share) and SCGP (Capital Nomura Securities TP at ฿60.00/share).
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Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 14, 2021.
 
Maybank Kim Eng has given a “BUY” recommendation on CK Power Public Company Limited (CKP) with a target price at ฿6.50/share.
Maybank expected CKP’s earnings outlook for 2Q21 to be outstanding and increasing in 3Q21, driven by China’s releasing lots of water from dams into the Mekong River. This year the rain began to frequently fall and recently, a tropical storm “Koguma” has moved into the upper Lao PDR. This is where the Xayaburi and Nam Ngum 2 hydroelectric power plants are located. This will boost water significantly. Maybank expected 2021 profit to hit a new record high of THB2.16b, soaring 449% YoY.
 
Capital Nomura Securities (CNS) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SCGP) with a target price at ฿60.00/share.
CNS had a neutral view toward SCGP’s Opportunity Day as the detail was in line with CNS’ estimate, showing a constant recovery in packaging demand while the cost for material remained high in 2Q21. The acquisition in Duy Tan and Intan was expected to be completed in mid 2021.
CNS expected normalized profit in 2Q21 to grow YoY mainly due to the recovery from low base compared to the previous year, but would record a slower growth QoQ due to seasonality.
In addition, CNS reiterated its net profit estimate in 2021 at 9,068 million baht, representing a 36% YoY growth.
 