Date: 19 September 2024
Broker: UOB Kay Hian

Company Overview

SCGP Packaging (SCGP TB) is a leading packaging company in Thailand, focusing on sustainable and innovative packaging solutions. The company aims to enhance its operational efficiency and maintain a leadership position in the Southeast Asian packaging market.

Financial Performance

As of 19 September 2024, SCGP’s stock price stands at Bt27.00, with a target price set at Bt48.00. This reflects a significant potential upside of 77.8%. The company has shown robust growth, driven by the rising demand for packaging solutions across the region.

EBITDA Target for 2030

SCGP has set a long-term target for its EBITDA, aiming to reach Bt30-33 billion by 2030. This ambitious goal is part of the company’s broader strategy to expand its market presence and optimize its production capacity in the coming years. Achieving this target will solidify SCGP’s position as a dominant player in the packaging industry.

Growth Drivers

The company’s growth is underpinned by increasing consumer demand for environmentally friendly and sustainable packaging solutions, as well as a focus on expanding its footprint in Southeast Asia. SCGP’s strong commitment to innovation and sustainability places it in a favorable position to capitalize on emerging trends in the packaging industry.

Conclusion

SCGP is on a promising path to achieve its ambitious financial goals, supported by a solid market position, strong demand for its products, and a focus on sustainability. With a target EBITDA of Bt30-33 billion by 2030, SCGP is well-positioned to continue its growth trajectory in the Southeast Asian market.