Eastern Polymer Group (EPG) is expected to release its 4Q20/21 earnings on May 27, 2021. The company’s executive is confident that the result will meet expectations, owing to the recovery of three key businesses, including Aeroflex, Aeroklas, and EPP. Analysts forecast that net income will reach 443 million baht in the fourth quarter of 2020/21, an increase of 80%. Meanwhile, profit for the full year would be 1,257 million baht, up 25%. Therefore, recommending “ BUY” with a new target price of 14.20 baht per share.
Ch. Karnchang (CK) has signed a contract worth 5,000 million baht for the construction of water transmission tunnels. Besides this, the company hopes to secure two contracts worth 47,000 million baht for the Den Chai-Chiang Rai double-track railway project. CK anticipates a strong performance in 2021, with the aim of acquiring additional projects to bring the company’s backlog to 100,000 million baht.
Energy Absolute (EA) has set a revenue growth target of 20-30% for 2021, fueled by new businesses such as electric buses, which will deliver 120 units in 2Q21 and 500 units by the end of the year. Meanwhile, the battery plant is scheduled to start in 3Q21.
Origin Property (ORI) collaborated with Japan’s leading property developer Nomura Real Estate to jointly launch a new 1,700 million baht project, bringing the total number of joint venture condominium ventures to 10, totaling 34,000 million baht.
Ratch Group (RATCH) invested 1.5 billion baht to purchase 10% of Principal Capital’s (PRINC) issued and paid-up shares in order to enter the health services industry. This transaction is expected to generate revenue in 2022. Meanwhile, PRINC announced plans to expand twenty hospitals and one hundred clinics by 2022.
Global Power Synergy (GPSC) is estimated to deliver strong revenue in 2Q21 following the restart of Glow Energy Phase 5 in early April 2021. Along with a 4% increase in electricity demand. The company has prepared to accelerate construction of a 1 gigawatt battery plant over the next 1-3 years.