SCGP Narrows the TP Gap with Higher Delivery Demand from Lockdown Restrictions
KGI Securities recommended “Speculative-Buy” on SCGP with positive outlook on higher demand from the lockdown restrictions.
KGI Securities has given a “Speculative-Buy” recommendation on SCG Packaging Public Company Limited (SCGP) with a consensus target price at ฿60.80/share.
KGI Securities had a positive sentiment on the new restrictions from the government sector by not allowing dine-in at the restaurants, which would result in a higher demand for food delivery services as well as packaging delivery for e-commerce businesses.
KGI cited the estimated target price consensus at ฿60.80/share with an estimated earnings in 2022 to grow 17.3% to 10.4 billion baht (forward PR 24x).
