Stocks in Focus on July 5, 2021: GLOBAL and EPG

Stocks in Focus on July 5, 2021: GLOBAL (TP at ฿25.00/share) and EPG (TP at ฿13.50/share).


Kaohoon Online has selected stocks with a high-growth potential for investors to consider on July 5, 2021.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on Siam Global House Public Company Limited (GLOBAL) with a target price at ฿25.00/share.

KSS expected GLOBAL to report Bt902m profit (+78% yoy) for 2Q21F. Key driver would be strong sales revenue (+35% SSSg) driven by higher steel prices and solid farm income. KSS raised FY21F SSSg to +18% from +10%, and upgraded FY21F/22F/23F earnings by 17%/4%/9%.

Moreover, strong steel prices and rural demand would continue to support earnings until the end-2022. With the stock trading at 28x FY22F PER (5-year average multiple).

 

Maybank Kim Eng Securities (Thailand) (MBKET) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (EPG) with a target price at ฿13.50/share.

MBKET forecasted 1Q21/22 earnings (Apr-Jun 2021) to improve with a better profit of THB415m (+3%QoQ, +449%YoY), driven by auto parts and accessories business (AeroKlas) and rubber insulation business (AeroFlex) including gradual price adjustments to improve gross margins. 2021/22 earnings are forecast to hit a new record high of THB1.462b, growing 20%, driven by growth in all three businesses AeroFlex, AeroKlas and EPP.

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