LHSEC recommends buying STA with a target of 23.90 baht and SCC with a target of 268 baht

Thunhoon··TH·Read original
2▲3 ▼0Impact / 5
Summary · why it matters

Land and Houses Securities issued an analysis recommending the purchase of two securities, STA and SCC. For STA, it recommends buying with a target price of 23.90 baht, assessing support at 20.6 and 21.3 and resistance at 23.0 and 23.4. It expects normal profit in the third quarter of 2026 to rise year on year but fall quarter on quarter, owing to the high base in the second quarter of 2026 and some customers delaying orders to wait and see rubber prices. It expects continued support from the SICOM TSR20 rubber price, which rose from the previous quarter, while EUDR rubber sales volume is expected to increase to approximately 30,000 tonnes in the third quarter of 2026 from 17,214 tonnes in the second quarter of 2026, and to rise to more than 60,000 tonnes in the fourth quarter of 2026, helping support both ASP and GPM. For SCC, it recommends buying with a target price of 268 baht, assessing support at 248 and 252 and resistance at 266 and 270. SCC and PTTGC reported progress on the establishment of a joint venture, saying it is advancing well and has entered the due diligence stage to verify information, and that they are in the process of agreeing on the key terms of the transaction. The main asset scope of the joint venture covers olefins production plants, PE and PP production plants, and investments in the joint ventures of both parties, with PTTGC to be the major shareholder while SCGC will hold a significant stake. The view is positive, and the next progress announcement at the end of October regarding clarity on the shareholding proportions and the value of synergies will be a factor supporting the stock going forward.

Impact on assets 3

Climate Adaptation & Water▲ · 1 stocks
Synthetic Biology (non-pharma)▲ · 1 stocks
Materials▲ · 1 stocks

Off-coverage companies 1

SCG Chemicals Public Company Limited (SCGC)Private▲ Positive
Capitalrelevance

SCGC's JV with PTTGC is advancing to due diligence, with SCGC to hold a significant stake in the olefins/PE/PP asset venture.

© 2026 MarketIVNews