Stocks in Focus on August 20, 2021: CBG and EPG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on August 20, 2021.

 

Asia Wealth Securities (AWS) has given a “BUY” recommendation on Carabao Group Public Company Limited (CBG) with a target price at ฿150.00/share.

AWS expected sales in China to recover fastest and continue to grow, while higher sugar price and aluminum Costs which are a factor that pressures profit margins. AWS maintained projected net profit in 2021, representing an increase by 4%YoY. However, the 3Q21 outlook would slow down QoQ from the impact of COVID-19.

Meanwhile, the company announced a dividend payment of Bt0.90, XD 27 August and the payment date on 10 September.

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (EPG) with a target price at ฿15.00/share.

MBKET stated that earnings outlook for 2Q21/22 and 2H21/22 will continue to record new highs, driven by growth in the three businesses, AeroFlex AeroKlas and EPP, combined with lower feedstock  costs, lower petrochemical prices and further depreciation of the baht (Overseas sales are around 60-70%).