Stocks in Focus on September 22, 2022: TU and EPG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 22, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Thai Union Public Company Limited (SET: TU) with a target price at ฿24.50/share.

FSS stated that it expected its 3Q22 normalized earnings recovery to continue due to the export industry’s high season, lower tuna, aluminum, and freight costs, and an absence of extra expenses booked in 2Q22. Also, FSS maintained that the normalized earnings would drop by 17% Y-Y in 2022 and jump by 19% Y-Y in 2023.

FSS believed Thailand’s minimum wage hikes of 5-8% and the higher utility costs in Europe should have limited impacts since TU has prepared to raise its selling prices. TU currently trades on a 2022 PE of only 14x.


Krungsri Securities (FSS) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (SET: EPG) with a target price at ฿14.50/share.

KSS stated that the revenue had bottomed out and all of EPG’s business segments are now in a recovery stage. The company has a short-term positive sentiment from lower crude oil prices and weakened Thai baht as 60% of its revenue comes from overseas.