Stocks in Focus on September 8, 2023: SCGP and SJWD

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 8, 2023.


KGI Securities (KGI) has given an “Outperform” rating on SCG Packaging Public Company Limited (SET: SCGP) with a target price at ฿46.00/share.

KGI stated that investors seem to focus only on China’s situation and overlook Thailand, which contributed 42% of SCGP’s revenues in 1H23. KGI believed the resilient Thailand to be more promising from 4Q23F onward, fueled by higher sales volume.

Meanwhile, KGI believed China’s recovery will remain sideways up, backed by a new batch of stimulus packages and many more to come. The brokerage firm sees a compelling valuation with limited downside risk for SCGP from both its share price and earnings cut.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on SJWD Logistics Public Company Limited (SET: SJWD) with a target price at ฿16.70/share.

The government is gearing up to promote investment, with the Prime Minister and BOI scheduled for a roadshow in the United States from September 18th to 24th. The focus is expected to be on the EV industry, with plans to extend the EV 3.5 policy, building upon the expiring EV 3.0 policy.

MST anticipated SJWD will benefit from its LOGISTICS & SUPPLY CHAIN segment, representing over 50% of revenue. Furthermore, 2H23 operating performance is expected to improve vs 1H23 due to a recovery in the transportation business, boosted by cement shipments. Positive results are also anticipated in the automotive sector from BEV imports and in the cold storage business from tuna customers.