Stocks in Focus on March 11, 2022: SCGP and TISCO

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 11, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿75.00/share.

MST stated that following signs of global coal prices falling, this helps ease cost pressures while the selling price has been increased. As for the cost of scrap paper, it is likely to decline during Jan-Feb, so MST believes that margins will increase, combined with higher sales from M&P.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Tisco Financial Group Public Company Limited (SET: TISCO) with a target price at ฿110.00/share.

FSS stated that TISCO has an outstanding point on its dividend yield that is the highest among the banking sector. FSS believed that the yield will remain at a higher level moving forward for the next 2-3 years, which is why TISCO is a safe haven for investors during the market fluctuation. The company will handout a dividend payment of THB7.15 (7.3% div yield), having an ex-dividend date on April 29.

FSS warned that TISCO’s net profit may not be outstanding, expecting 4% growth in 2022, while having good asset value and focusing on loans with high yield to boost NIM. The company also has strong capital funds.