Stocks in Focus on November 18, 2022: M and EPG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 18, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on MK Restaurant Public Company Limited (SET: M) with a target price at ฿66.00/share.

FSS expected the 4Q22 profit to accelerate Q-Q and Y-Y, in line with the festive season. It would support increased traffic. Also, the margin should be healthy, while this year’s price hikes should completely offset increased costs.

FSS anticipated the 2022 profit to jump by 11x Y-Y due to last year’s low base. In 2023, it would accelerate by 47% Y-Y to its pre-covid level since Thailand will reopen for the entire year. Also, if China reopens next year, it will provide a catalyst for Laem Charoen’s future operation. M has support at Bt57-56 and resistance at Bt59-60.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Eastern Polymer Group Public Company Limited (SET: EPG) with a target price at ฿12.00/share.

Management still targets FY23E (year-end Mar-23) sales growth of 12-15%, or 10% YoY, under its worst-case scenario, driven by acquisitions, new production capacity and new orders while the outlook for 2H23 should continue to improve.

MST maintained its projection of 8% YoY sales growth, which is below management’s guidance. Profits should be flat from FY22. For FY24E, MST expected sales growth to return to 7.4% YoY. EPG is trading at 18.1x FY23E PER, below its average of 19.4x.