“Online business stock news” conducted a survey and gathered information About the shares of companies in the construction engineering group It is expected that the business will begin to recover in the second half of 2021 from the Covid-19 situation. that began to ease
Today (17 Sept. 21) the news team has selected 3 interesting stocks to present to investors, namely Project Planning Service Public Company Limited or PPS, TEAM Consulting Engineering and Management Public Company Limited or TEAMG and Index International Group Public Company Limited or IND
The key financial information of the three companies is as follows:
From the above table, it can be seen that The most prominent stocks are TEAMG Since it is the only company with a net profit, including a high P/E Ratio. (operating statement for the first half of the year 2021)
while last TEAMG revealed that the Company and Team SQ Co., Ltd. (the Company’s subsidiary) have signed a project management consulting contract (PMC) for the development of U-Tapao Airport and the Eastern Aviation City, the first phase, the project value 415.61 million baht (excluding VAT) 52 months
This project aims to upgrade U-Tapao Airport to “The 3rd Major Commercial International Airport” and increase the capacity to support the volume of cargo that will increase from commercial and industrial development. as well as being a driving factor for the development of the Eastern Economic Corridor (EEC) project of Thailand, as well as supporting the Thai aviation hub in this region. The Company will perform duties to assist and support the operations of Office of the Eastern Economic Corridor Policy Committee (OCC) in the project management, including an area of 6,500 rai during the construction of the first development phase. of the joint venture agreement between the OHEC and the private contracting party
side Mr. Apichart Sramul Chief Executive Officer TEAMG said that this contract The Company will provide assistance and support to the operation of the Eastern Economic Corridor Policy Office (OECD) in managing the project, including an area of 6,500 rai during the construction of the first development phase. of the joint venture agreement between OHEC and private contracting parties The duration of the construction is 52 months or will be completed around the beginning of 2026.
However, after the Company has signed a contract to manage the EEC’s U-Tapao Airport project, the Company still has more projects that are pending contracts. from government and private sectors in the last quarter of the year 64, as previously the company has participated in bidding in many projects Recently, the company has a backlog of approximately 3,700 million baht if there is an additional contract. It is believed that this year’s backlog will increase to 4,000 million baht.
while Mr. Chavalit Chanarat, Chairman of the Executive Committee TEAMG said the outlook for operating results in 3Q21, the company estimates that total revenue will remain stable from Q2/21 and Q3/2020 due to the impact of 1-month worker camp closures (July 2021) Or affect about 20% of the income, while the current worker camps can be reopened. and various construction projects have returned to normal which can still generate new income on average more than 100 million baht per month and gradually recognize the income from backlog continuously
At present, the company has a total backlog of more than 3,300 million baht and will gradually recognize the income according to the contract. and look to be able to get a new job or win the auction continue to add ports Initially, it is expected that by the end of 2021, there should be support for backlogs to increase to 3,600-3.7 billion baht, which most of the work received is still government projects. The private sector continued to slow down. Therefore, the company maintains its target for total revenue in 2021, growing by 10% compared to 2020 with total revenue of 1,721 million baht.
In addition, the operating performance in 4Q21 is expected to recover well. After the Covid-19 situation begin to unravel According to the widespread distribution of the vaccine against COVID-19, since the end of the 3rd quarter of 2020 or August 2021, large government projects in the Eastern Economic Corridor (EEC) development area have started moving forward, including airport projects. U-Tapao and the Eastern Aviation City (EEC) that has concluded the project and waiting to sign the contract this month As for the high-speed train connecting 3 airports (Don Mueang, Suvarnabhumi, U-Tapao), the latest company The Eastern High-Speed Rail Linking Three Airports Company Limited (CP Group) has taken over the management of the Airport Rail Link as scheduled. The company has fully accelerated. And work outside the Bangkok area has already started, etc.
