0347 GMT - SCG Packaging's earnings are likely to improve from this quarter onward, says Thanachart Securities analyst Chak Reungsinpinya in a research report; the brokerage reaffirms the stock's buy rating. Its major cost items and freight rates are falling, while demand for its exported products is expected to pick up with China, in particular, likely to show the most improvement, the analyst says. However, the brokerage cuts its 2022 earnings estimate for the Thailand-listed packaging solutions provider by 11% to reflect the company's disappointing 3Q results, and lowers the stock's target price to THB59.00 from THB63.00. Shares are 2.8% higher at THB55.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 01, 2022 23:47 ET (03:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。