Stocks in Focus on October 3, 2019: CPALL and EPG
Stocks in Focus on October 3, 2019: CPALL (Kasikorn Securities TP ฿94.00/share) and EPG (Krungsri Securities TP ฿7.80/share).
Stocks in Focus on October 3, 2019: CPALL (Kasikorn Securities TP ฿94.00/share) and EPG (Krungsri Securities TP ฿7.80/share).
4 ต.ค. 2562

Kaohoon Online has selected two stocks with a potential of high growth for investors to consider on October 3, 2019.
KS – CPALL
Kasikorn Securities (KS) has stated in the analysis on CP ALL Public Company Limited (CPALL) that KS expects the government to inject more funds through the social welfare card to ensure GDP growth this year doesn’t fall below 3%. Such measures will be positive for retailers such as CPALL.
Decent 3Q19 profit growth is expected from 2-3% SSSG in 3Q19 while those of its subsidiary MAKRO will likely grow 5%. The stock price is currently trading at 27x 2020 PER (its five-year average). Thus, KS gives a “BUY” recommendation with a target price at ฿94.00/share.
 
KSS – EPG
Krungsri Securities (KSS) has given a “Trading Buy” recommendation on Eastern Polymer Group Public Company Limited (EPG) with an IAA Consensus target price at ฿7.8/share. KSS expects EPG’s 2QFY20F (Jul-Sep 2019) earnings should recover QoQ and YoY supported by all business units, especially packaging and aeroklas units which should benefit from lower HDPE, PP, and PET prices (in line with oil prices).
 