EPG: Expect Earnings to Remain at High Base, but Growth Is Limited

EPG: Expect 2QFY22 Earnings to Came Down from a High Base

EPG: Three Engines Are Back on Growth Track

EPG: Expect Earnings to Expand QoQ and YoY in 1QFY22

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

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Equity Bottom-Up

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<li>We expect the company to report 3QFY22 (Oct-Dec) core profit at Bt400m (+9%QoQ -12%YoY). QoQ expansion will be due to recovery for thermal insulator sales after selling price adjustment </li>
<li>We maintain positive outlook for earnings growth in FY2023 (+14%YoY) backed by; 1.) an increase in revenue for thermal insulator and consumer packaging segments, 2.) improving operating margin</li>
<li>We assume profit margin to remain at high level at above 31% in the remaining quarters of FY22 as demand for most of the products remain strong while</li>
</ul>


We expect the company to report 3QFY22 (Oct-Dec) core profit at Bt400m (+9%QoQ -12%YoY). QoQ expansion will be due to recovery for thermal insulator sales after selling price adjustment 
We maintain positive outlook for earnings growth in FY2023 (+14%YoY) backed by; 1.) an increase in revenue for thermal insulator and consumer packaging segments, 2.) improving operating margin
We assume profit margin to remain at high level at above 31% in the remaining quarters of FY22 as demand for most of the products remain strong while


EPG: Expect 3QFY22 Core Earnings to Grow QoQ but Contract YoY

Eastern Polymer Group

EPG: Expect 3QFY22 Core Earnings to Grow QoQ but Contract YoY