EPG: Silver Lining Is Imminent
1QFY20 analyst meeting came out with positive tone. The management expect all three business units to deliver growth in FY20-21E. We maintain our...
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EPG: Revising Down Earnings by 9-14% While Maintain Long-Term Outlook
We revise down EPG’s net profit forecast by 9-14% in 2020-22E. However, we still maintain our positive outlook toward earnings recovery in ...
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EPG: Revising Down Earnings by 10-12% While Long-Term Outlook Still Intact
We revise down EPG’s net profit forecast by 10-12% in 2019-21E. However, we still maintain our positive outlook toward its FY20-21E earnings driven...
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EPG: Revenue from Auto Parts and EPP Buoyed Earnings to Grow YoY
EPG reports FY3Q19 net profit of Bt225m (+24%YoY,-14%QoQ). The FY9M19 result was in line with and accounts for 69% of our full-year forecast. A...
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EPG: Global-Standard Polymer Converter Assured of Sustainable Growth
We initiate coverage on EPG with a BUY rating, based on a target price of Bt10.40 and derived from 25.2xPE’19E, which is the relative PE ratio to...
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