Stocks in Focus on January 8, 2021: SGCP and AP

Kaohoon Online has selected stocks with a potentially high growth for investors to consider on January 8, 2021.

 

Maybank Kim Eng has given a “BUY” recommendation on SCG Packaging Public Company Limited (SCGP) with a target price at ฿48.00/share.

Maybank expected SCGP’s 2020-22 net profit to grow at an average 20% pa as it utilizes proceeds from IPO to expand production capacity. Moreover, regional packaging usage is expected to have an upside risk from the higher spread of COVID-19 epidemic.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on AP Public Company Limited (AP) with a target price at ฿8.20/share.

KSS advised to speculate on a dividend play for AP. The company pays a dividend annually, and KSS expected AP to pay Bt0.45 DPS for 2020 performance, implying 5.9% dividend yield, which is higher than its peers’.