Stocks in Focus on October 7, 2021: EPG and WORK
Stocks in Focus on October 7, 2021: EPG (Maybank Kim Eng Securities TP at ฿15.00/share) and WORK (Maybank Kim Eng Securities TP at ฿25.00/share).
Kaohoon Online has selected stocks with a high-growth potential for investors to consider on October 7, 2021.
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 expected 2Q21/22 profit at 415 million baht, growing YoY. However, it will not make a new high as expected due to extra expenses related to Covid-19. The earnings outlook for 2021/22 should continue to record new highs, driven by growth in all three businesses, AeroFlex, AeroKlas and EPP.
In addition, the share price weakened, trading below average P/E and while giving a good dividend yield of 3.7%.
Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Workpoint Entertainment Public Company Limited (WORK) with a target price at ฿25.00/share.
MBKET stated that ad spending in the second half of the year is expected to expand. And the trend of Content should be better after the COVID period. Combined with good cost control, supporting outstanding profitability, positive cash flow, no loan obligations and ONE’s IPO is expected to be more positive for the media industry.