Stocks in Focus on December 24, 2021: EPG and SCC

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 24, 2021.

 

Eastern Polymer Group (SET: EPG) anticipates a healthy third quarter of its 2021 fiscal year (Oct-Dec 2021) and a record year 2021/22 (Apr 2021-Mar 2022) sales of THB11 billion, an increase by 12-15% year on year, as global demand recovers and the severity of the COVID-19 pandemic eases.

Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on EPG with a target price at ฿15.00/share.

MST stated that EPG’s profits in Oct-Dec are expected to improve from higher sales following the easing of the COVID-19 situation and the increase in selling prices, especially the EPP business, which will drive profit margins back to normal levels of 18%. For the 2022 outlook, earnings may hit a new record, reaching THB1.652b (+36%YoY).

Earlier,

 

Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on The Siam Cement Public Company Limited (SET: SCC) with a target price at ฿520.00/share.

MST expected SCC’s 4Q21 earnings to recover in all 3 businesses (petrochemicals, building materials, packaging) after the lockdown is eased and should continue moving forward in 2022 due to an improving economic outlook. Meanwhile, the share price continues to trade in an affordable valuation (9.3x PE) and a high dividend yield of around 4.5% per annum.