SCG Packaging Poised for Softer 2Q Earnings -- Market Talk
Dow Jones
Apr 10
0358 GMT - SCG Packaging looks set to post softer 2Q earnings, given sluggish demand and rising energy prices, DBS Group Research analyst Duladeth Bik says in a report. Packaging demand is expected to slow as the Middle East conflict has pushed up energy prices and transportation costs. Meanwhile, costs of recycled paper, which makes up around 70% of the company's cost of goods sold, is likely to remain flat on quarter. DBS maintains a hold rating on the stock and its target price of 19.00 baht. Shares are 3.5% higher at 20.80 baht.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 09, 2026 23:58 ET (03:58 GMT)
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