SCB’s share price opened at 120 baht, an increase of 69.01% or 49.00 baht from the last SCBB closing price of 71 baht.
Mr. Korat Sawekrutmat Assistant Director of Securities Analysis Department, KASIKORNBANK, expects that SCB X Plc. Siam Commercial Bank (SCBB) at around 100-110 baht from the latest SCBB closing price at 71 baht. If the opening price is less than 100 baht, it is an opportunity to buy. KBank gave SCB a target price of 149 baht.
“Today is the first day of trading. The price may not have jumped yet. but will gradually increase the stock value back up which in the middle of the year will be announced plans and have investment special dividend payment,” said Mr. Korat.
KASIKORNBANK chose SCB as its Top Pick due to its business restructuring as a holding. Bank business included We expect this year’s net profit to be at 40,847 million baht, growing 15% YoY from lower provisions. by setting aside a lot of reserves in the last year This image gradually loosen this year And this year’s loan growth is estimated to grow 5% mainly from home loans and large corporate loans.
SCB is considered the fastest growing bank, according to TISCO Financial Group Plc. (TISCO), after restructuring to hold, ROE rose 17-18% and flexible business. good like a car registration pawn business
Krungsri Securities stated in the analysis that today the market will accept SCB back into trading again, which has a chance that the share price will recover back to the price before the share swap at the level of 115-130 baht. It is estimated that every 10% of SCB price changes will affect the SET Index by about 2 points. Today, it is expected that the SCB price hike will support the SET, which will be pressured by the sentiment of the global stock market closed down severely.
ASL Securities stated in its analysis that SCB X started trading today (using the former SCB name) with a floor of not less than 0.01 baht and a ceiling of not more than 3 times the closing price of SCBB (not more than 213 baht) Strategically, we expect SCB to resume trading above Bt100, recommend a speculative buy, with Bitkub deal issues to be followed.