Stocks in Focus on December 7, 2021: KBANK and SCGP
Stocks in Focus on December 7, 2021: KBANK (Maybank Securities TP at ฿170/share) and SCGP (Maybank Securities TP at ฿75.00/share).
Stocks in Focus on December 7, 2021: KBANK (Maybank Securities TP at ฿170/share) and SCGP (Maybank Securities TP at ฿75.00/share).
7 ธ.ค. 2564

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 7, 2021.
 
Maybank Securities (Thailand) (MBKET) has given a “BUY” recommendation on Kasikornbank Public Company Limited (KBANK) with a target price at ฿170/share.
MBKET expected profit in 2022 to grow 16.4% to 38 billion baht, in line with the overall picture of theThai economy that has a tendency to recover. Due to the gradual reopening, with better NIM and fee income growth and lower credit cost. ROE is expected at 9.3% and currently valuation is trading at only 0.63x PBV.
 
Maybank Securities (Thailand) (MBKET) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SCGP) with a target price at ฿75.00/share.
MBKET stated that SCGP will be driven by lower raw material costs and recovering demand after lockdown measures eased, resulting in higher product prices. Capacity expansion in both domestic and international markets as well as going vertical up the value chain and offering integrated packaging solutions will underpin growth.
Meanwhile, the outlook for 2022/23 remains positive with baseline net profit growth of 30%/12% plus some upside from M&amp;P and efficiency gains.
MBKET projected 15 billion baht capex in 2022, but it could increase to 20 billion baht depending on opportunities.