EPG: Three Engines Are Back on Growth Track
We anticipate revenue in auto parts segment in FY2022 to grow by 13%YoY to Bt5.0bn, the level last time seen in FY2019. The growth will be...
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EPG: Positive Earnings Outlook in FY2022
We came out from EPG’s conference call with the management yesterday with positive tone as we anticipate revenue and margins for all the business...
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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...
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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...
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