Stocks in Focus on July 11, 2022: SCB and TFG

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


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SCB X Public Company Limited (SET: SCB) with a target price at ฿140.00/share.

MST stated that it has a positive on Bloomberg’s report on SCB is considering selling SCB Asset Management (SCBAM) to unlock value of its subsidiaries and believe that USD1.0b-1.5b or THB35b-53b is possible. (22x PER based on 2021 net profit). It also clarified the Bitkub deal that was delayed. This should ease the market concerns as well.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Thaifoods Group Public Company Limited (SET: TFG) with a target price at ฿7.50/share.

FSS expected pig and chicken prices to remain high at least in 2H22. Also, it might drag on until 2023 due to the ASF outbreak, driving chicken, a substitute product, to its nine-year high, due to high domestic demand and consistently strong exports.

Although costs increased, the selling price hikes fully offset it. FSS anticipated the 2022 profit at Bt2.8bn (+4x Y-Y), a new record high. In this regard, TFG risks sooner-than-expected meat price decreases. TFG has support at Bt6.10-6 and resistance at Bt6.50-6.60//7.