Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 16, 2022.
Maybank Securities (Thailand) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿75.00/share.
MST stated that global coal prices continued to decline, helping to ease cost pressures while the selling price has been increased. As for the cost of scrap paper, it also declined during Jan-Feb, so MST believed that the gross margin would increase. Combined with the continued increase in sales from M&P, making it more attractive.
Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Ichitan Group Public Company Limited (SET: ICHI) with a target price at ฿13.00/share.
FSS expected 1Q22 profit to accelerate by 24% QoQ and 35% YoY as the company is increasing its production before entering peak season in 2Q22. FSS has a positive view on the overall outlook this year on the recovery from Covid-19, new products (CBD and Carbonate Drink) as well as realizing gains from the OEM segment. Meanwhile, overseas markets such as Indonesia continue to grow. FSS expected ICHI’s 2022 net profit to come in at +18% YoY.
