Analysts Expects SFT to Reach a Record High in 2Q, Giving “BUY” Ratings with TP at Bt8.00
Three analysts gave "BUY" recommendations on SFT, expecting the performance to continue reaching a record high in 2Q21 and peak in 4Q.
Analysts gave “BUY” recommendations on Shrinkflex (Thailand) Public Company Limited (SFT) in anticipation that the performance in 2Q21 will continue to reach a record high, following the previous quarter, in response to the peak in summer that the order for packaging of beverages had increased along with its expansion in production capacity in June as well. Despite the new outbreak of Covid-19, the demand for beverages still remained at a higher level.
In 2H21, the company will receive a boost from an increase in production capacity and potentially higher orders that are expected to continue at a higher level, especially in 4Q21. Meanwhile, SFT has stable cost amid rising PVC and PET prices and also has abundant stocks. Moreover, the company can also negotiate with clients for a higher selling price as well.
SCB Securities (TP at 8.00/share)
Asia Plus Securities (TP at 7.40/share)
RSB Securities (TP at 7.20/share)