These are top 10 stocks traded on the Robinhood UK platform in July
Investing.com - CLSA upgraded Siam Cement PCL (BKK:SCC) (OTC:SCVUF) from Hold to Outperform and raised its price target to THB250.00 from THB150.00 on improving operational outlook.
The Thai conglomerate reported second-quarter 2025 profit of THB17.3 billion (THB14.5 EPS), a substantial increase from THB1.1 billion profit in the first quarter, according to CLSA analyst Naphat Chantaraserekul.
Excluding extraordinary items, Siam Cement’s profit would have been THB3.1 billion, nearly triple quarter-on-quarter and exceeding CLSA’s estimate by 28%. The improved performance was driven by better chemical spreads, while cement demand increased 3% year-over-year in the second quarter.
The company plans to restart its Long Son Petrochemical complex at the end of August, which should further support its operational turnaround.
CLSA cited the company’s improving operations and strategy as key factors behind the upgrade, noting that "SCC’s operations are turning around, in our view."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.