Stocks in Focus on November 4, 2022: NOBLE and SCGP

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 4, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Noble Development Public Company Limited (SET: NOBLE) with a target price at ฿5.60/share.

FSS expected NOBLE to return to see profit in 3Q22, its first positive results in four quarters, from two newly completed condominiums. There will be three more projects ready to be transferred in 4Q22, which should boost NOBLE’s profit.

FSS expected net profit in 2022 to decrease by 27% from 2021, but would increase 45% in 2023, seeing it as a turnaround stock benefiting from the return of foreigners. NOBLE also gives a high dividend yield of 6-9%.


Pi Securities (PI) has given a “BUY” recommendation on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿61.00/share.

PI stated that the target price was based on 30x PE23E, -1SD historic 3-year average, to reflect the macro risks in the global market and slower-than-expected economic recovery in China. PI saw that SCGP should bottom out in 4Q22 amid higher demand and decline costs. 2023-24 should see 16% and 8% growth, respectively.