EPG: Automotive Parts Support Earnings Recovery in FY2H21
We maintain positive tone towards EPG’s earning recovery in 2HFY21 (Oct’20-March’21) and 2022E given a faster-than-expected recovery of revenue in...
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EPG: Quick Recovery in Revenue for Auto Part and Packaging Segments
We upgrade EPG to BUY after revised up earnings by 17% in FY2021E. Our new target price of Bt6.70 (previous TP5.40) derived from 1.5x relative PE...
513 Views
EPG: FY2Q21 Earnings Climbed to the Highest Level in Four Quarters
EPG’s FY2Q21 net profit was at Bt308m (-6%YoY,+307%QoQ), the highest level in the past four quarters. The 1H21E result was much better than our...
423 Views
EPG: One of the Most Solid Polymer Convertor in the Downstream Sector
We expect FY2021E performance for auto part segment (46% revenue contribution) to remain weak as a result from COVID-19 but will be slightly offset...
475 Views
EPG: Low Cost of Materials Trend to Push Earnings up in FY2H20-21E
2QFY20 analyst meeting came out with positive tone. The management expect FY20-21E performance for all business units to recover in terms of...
579 Views