Eastern Polymer Group Likely Shifted Focus to Cost Control From Growth -- Market Talk

Dow Jones

06-06

0508 GMT - Eastern Polymer Group has likely shifted its focus to cost control from growth, CGS International's Pornthipa Rayabsangduan says in a report. The polymer and plastic converter company turns defensive and targets flat revenue growth in FY 2026, the analyst says. For FY 2026, the Thai company is aiming to turn its Australian operations around through cost control, process efficiency and operational realignment. The brokerage cuts its FY 2026-2027 core EPS estimates for the company by 8.9%-12.2% to reflect changes in some of its assumptions. It lowers the stock's target price to THB2.50 from THB3.62 with an unchanged hold rating. Shares are unchanged at THB2.44. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 06, 2025 01:08 ET (05:08 GMT)

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