Stocks in Focus on April 11, 2022: SCGP and BCH

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

 

UOB Kay Hian Securities (UOBKH) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿69.00/share.

UOBKH expected SCGP’s 1Q22 earnings to slow down due to no extraordinary item in the quarter, coupled with rising feed costs. 2Q22 earnings should improve, compared to the first due to adjusted selling price of packaging products. Meanwhile, earnings momentum should recover and the impact from feed costs should be limited.

 

Capital Nomura Securities (CNS) has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿23.50/share.

CNS expected BCH’s 1Q22 earnings to grow, compared to the same period of last year, and slightly higher than the previous quarter. Its growth in 1Q22 is expected to come from Covid-related revenue, which accounted for 40% from the revenue, while revenue from patients would be higher than 3Q21 and 4Q21. 

Moreover, BCH has constant revenue from patients in hospitel, having an 81% occupation rate. Upside growth in 2022 should be from Covid-related services.