Earnings Report /
Thailand

SCG Packaging PCL: 3Q22 earnings as expected; stronger quarter ahead

  • In line with estimates

  • SCGP reported a 3Q22 net profit of Bt1,837m

  • The IPC’s EBITDA margin was 13% in 3Q22

Suppata Srisuk
Suppata Srisuk

Equity Research Analyst

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Bualuang Securities
26 October 2022

SCGP’s 4Q22 prospects look increasingly favorable, buoyed by strong consumer-linked demand and margin expansion which should trigger the share price rally. Moreover, there is a scope for upside to our forecasts and valuation from new investments/acquisitions. Our BUY rating stands.

SCGP’s 4Q22 prospects look increasingly favorable, buoyed by strong consumer-linked demand and margin expansion which should trigger the share price rally. Moreover, there is a scope for upside to our forecasts and valuation from new investments/acquisitions. Our BUY rating stands.