Key Indices
Top Stories
Company Update | SCG Packaging (SCGP TB/BUY/Bt30.25/Target: Bt43.00)
- We expect 3Q26 net profit of Bt2.10b, down qoq due to higher RCP costs. Nevertheless, we view the result as strong, particularly given Thailand’s seasonal low season. Meanwhile, Fajar is expected to deliver higher net profit qoq, supported by higher selling prices, which should mitigate the impact of rising global RCP prices. We raise our 2026-27 net profit forecasts to reflect SCGP’s better-than-expected EBITDA margin and stronger earnings contribution from Fajar. Maintain BUY. Target price: Bt43.00 (previously Bt39.00).
Top Stories
Company Update | SCG Packaging (SCGP TB/BUY/Bt30.25/Target: Bt43.00)
- We expect 3Q26 net profit of Bt2.10b, down qoq due to higher RCP costs. Nevertheless, we view the result as strong, particularly given Thailand’s seasonal low season. Meanwhile, Fajar is expected to deliver higher net profit qoq, supported by higher selling prices, which should mitigate the impact of rising global RCP prices. We raise our 2026-27 net profit forecasts to reflect SCGP’s better-than-expected EBITDA margin and stronger earnings contribution from Fajar. Maintain BUY. Target price: Bt43.00 (previously Bt39.00).
Key Indices
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