Contractor stocks with outstanding performance in the industry, profit grows 122 – 202%
Date 24 Apr 2022 time 19:56
Analysts look at investors to underestimate contractors’ stocks. After profit grows 122 – 202%
Securities analysts estimate that in the past, construction contractors are the group that investors and analysts agree that “Not very attractive to invest” because government projects have low profits – delays Plus, construction sites are closed due to covid. until it came to a higher initial problem.
In 2021, 27 listed companies (Co., Ltd.), a group of construction contractors, had a total net profit of 2,346 million baht, an average decrease of 69% from the year 2020, with 13 companies having a decrease in profit from 7 – 2,125%, with 9 companies having results. Losses, in which 5 companies reversed losses in 2021 and 1 company increased losses from 2020, while 3 companies lost losses.
However, looking individually, there are 6 companies with net profit growth above the industrial sector at 122 – 202%, which is interesting. In terms of adapting to various negative factors that beset include:
There are 2 contractor companies that have continued to grow their net profits as follows:
Civil Engineering Public Company Limited (CIVIL) new construction contractor shares announced a profit of 193 million baht, an increase of 122% from the year 63 and the highest record in 3 years (62-63-64) due to the recognition of revenue of 5,063 million baht, the highest since the company’s establishment
Piyadit Asawasirisuk, Chief Executive Officer, said that this year will continue to grow. by setting a target of revenue increasing by 20-30%, or reaching 6,000 – 6500 million baht, which currently has a job in hand of 15.57 billion baht. Recognized from this year to the year 67, excluding new jobs that will continue to replace those sent Given this year, it is expected that by the end of 65, there will be a backlog of 15 – 20 billion baht, with 95% of the work coming from the government sector, which is expected to gradually open for auctions. According to the government’s policy to stimulate the economy through infrastructure
As for the volatility of construction material prices, risk factors The situation is closely monitored and assessed. Ready to adjust the work plan to be in line with the various cost situations that have changed. The company has adjusted the strategy accordingly. Therefore, it has not been affected much in the past.
CIVIL is a Construction Tech that focuses on developing the most efficient work management services. with modern construction technology be safe Can be used in practice and suitable for the job to create Economy of Speed or having a clear and fast construction period Increase efficiency and increase profit margins to a higher level. It is also constantly looking for new opportunities. both internally and externally from business partners to create S-Curve for future business
Sriracha Construction Public Company Limited (SRICHA) had a net profit of 342 million baht in 2004, which was the highest record in at least 5 years and continued to grow 141% from 142 million baht in 2020. Significantly, the recognition of contract revenue increased by 62% and revenue from services increased by 23% from the previous year.
In the year 64, the total revenue was 2,565 million baht, an increase of 55%, while the net profit margin increased to 13.86% from the year 63 at 9.08%, reflecting the efficiency of margin management.
While there are 4 companies. Turning profits jump. That the operating results of the year 64 turned to profit from the year 63 losses consisted of
STP & I Public Company Limited (STPI) turned a profit of the highest value of 320 million baht from the year 63 with a loss of 837 million baht from the impact of COVID-19. The delay in the work affects the recognition of income. At the same time, income from the real estate rental segment declined. In addition, there are several asset impairment expenses. and have damages from lawsuits including long-term debt estimates
But in the year 64, there has been an increase in income recognition following the covid subsided, allowing work to be delivered normally. At the same time, the subsidiary has sold assets to real estate investment trusts. which recognized revenue of 136 million baht, while gaining from exchange rates of 187 million baht, an increase of 201%. Importantly, there were no special items like the year 63 that occurred once, namely impairment of assets, damages from litigation. and long-term debt estimation
Power Line Plc. Engineering (PLE) turned a profit of 153 million baht from the year 63, a loss of 441 million baht, which was affected by Covid-19. But the company has adjusted the strategy to control costs and increase profitability. As a result, the profit margin increased to 8.5% from 1.1% in 2020. Increased following the Covid-19 subsided, making the turnover profitable.
BJC Heavy Industries Public Company Limited (BJCHI) turned a profit of 153 million baht from a loss of 194 million baht due to COVID-19 delaying the delivery of large works affecting revenue recognition, but in the year 64, the situation continued to improve make it possible to return to deliver the work as usual At the same time, the profit from foreign exchange reached 150 million baht, an increase of 565% from the year 63, as well as more efficient cost control. The selling and administrative expenses in the year 20 were at 161 million baht, but in the year 20 at 278 million baht.
Bangkok Dec-Con Plc. (BKD) turned a profit of 92 million baht from a loss of 90 million baht from 2020 due to extra income from selling shares of “Gold Shores”, which operates water supply business. resulting in a profit of 99 million baht and a profit from the cancellation of the contract of 15 million baht
Nuchanart Rattanasuwanchat, Chief Executive Officer, stated that in the year 65, the operating results will continue to grow. Because the business has resumed normal operations as before COVID-19, with a backlog of more than 1.7 billion baht in revenue, ready to penetrate the market for large projects including millionaire home customers with high purchasing power
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