Construction Contracting Business Expected to Thrive Under New Government
Analysts predict that the construction contracting business will experience significant growth with the establishment of the new “Seththa Thaweesin” government. As the government begins working on various big projects, opportunities for this industry are expected to soar. This positive outlook is reflected in the recent performance of contractor group shares, with most securities recording price increases over the past month.
1. Unique Engineering and Construction Public Company Limited (UNIQ)
- Price gain in the last month: +21.74%
- 1-week price return: +5.66%
- Closing price on September 8, 2023: 3.36 baht
- 52-week high/low price: 5.15 / 2.30 baht
- P/E value: 63.62 times
- Market cap: 3,632.21 million baht
- Net profit (6 months/2023): 37.01 million baht
- Net profit (6 months/2022): 21.13 million baht
Unique Engineering and Construction specializes in turnkey projects, offering comprehensive design and construction services. With a focus on medium and large public utility projects, the company is poised to benefit from the government’s initiatives. Mrs. Thanomsri Sudto holds the largest share in the company at 23.05%.
2. Nawarat Pattanakarn Public Company Limited (NWR)
- Price return in the last month: +18.37%
- 1-week price return: 0.00%
- Closing price on September 8, 2023: 0.58 baht
- 52-week high/low price: 0.89 / 0.42 baht
- P/E value: N/A
- Market cap: 1,499.58 million baht
- Net loss (6 months/2023): -340.80 million baht
- Net profit (6 months/2022): 97.81 million baht
Nawarat Pattanakarn is involved in construction contracting, production of concrete products, and steel processing. The company caters to both government and external customers. Mr. Phonphat Karnasuta holds the largest share in the company at 10.25%.
3. Civil Engineering Public Company Limited (CIVIL)
- Price return in the last month: +18.02%
- 1-week price return: +3.97%
- Closing price on February 8, 2023: 2.62 baht
- 52-week high/low price: 3.72 / 2.02 baht
- P/E value: 33.32 times
- Market cap: 1,834.00 million baht
- YTD dividend yield ratio: 0.76%
- Net profit (6 months/2023): 61.21 million baht
- Net profit (6 months/2022): 70.65 million baht
Civil Engineering focuses on horizontal projects such as roads, railways, airports, dams, and reservoirs, as well as construction material distribution. Asavasirisuk Holding Company Limited holds the largest share in the company at 64.29%.
4. Italian-Thai Public Company Limited Development (ITD)
- Price return in the last month: +13.24%
- 1-week price return: -1.28%
- Closing price on September 8, 2023: 1.54 baht
- 52-week high/low price: 2.28 / 1.23 baht
- P/E value: N/A
- Market cap: 8,131.00 million baht
- Net profit (6 months/2023): 423.80 million baht
- Net loss (6 months/2022): -1,603.78 million baht
Italian-Thai is a full-service construction company with expertise in various types of projects. The company has a strong presence in both domestic and international markets. Mr. Premchai Karnasutha holds the largest share in the company at 11.90%.
5. Syntech Construction Public Company Limited (SYNTEC)
- Price return in the last month: +12.34%
- 1-week price return: +0.58%
- Closing price on September 8, 2023: 1.73 baht
- 52-week high/low price: 1.95 / 1.42 baht
- P/E value: N/A
- Market cap: 2,752.36 million baht
- Net profit (6 months/2023): 32.36 million baht
- Net loss (6 months/2022): -255.31 million baht
Syntech Construction offers comprehensive construction services, ranging from foundations to complete building construction. The company serves both government and private clients. Mr. Jiramote Phahusut holds the largest share in the company at 13.04%.
6. SEAFCO Public Company Limited (SEAFCO)
- Price return in the last month: +11.46%
- 1-week price return: +2.34%
- Closing price on September 8, 2023: 3.50 baht
- 52-week high/low price: 4.10 / 2.90 baht
- P/E value: 2.02 times
- Market cap: 2,588.98 million baht
- Net profit (6 months/2023): 71.08 million baht
- Net loss (6 months/2022): -100.16 million baht
SEAFCO specializes in boring pile construction and general civil works. The company undertakes projects from both government and private sectors. Mr. Narong Tassaniphan holds the largest share in the company at 7.74%.
7. Sino-Thai Public Company Limited Engineering and Construction (STEC)
- Price return in the last month: +9.35%
- 1-week price return: 0.00%
- Closing price on September 8, 2023: 11.70 baht
- 52-week high/low price: 14.90 / 8.00 baht Boring pile construction business Foundation work and general civil works By accepting work from the government and the private sector, Mr. Narong Tassaniphan has the largest share of 7.74%.
7.Sino-Thai Public Company Limited Engineering and Construction (STEC) price return in the last 1 month is +9.35%, 1 week price return is 0.00%, price on 8 September 2023 Closed at 11.70 baht, the highest/lowest price in 52 weeks is 14.90 / 8.00 baht, P/E value 22.96 times, market cap 17,843.75 million baht, dividend yield ratio since the beginning of the year 2.56%, budget profit 6 months/2023. Net 324.63 million baht, budget for 6 months/2022, net profit 404.87 million baht
Construction business, all types of work, civil and mechanical work, such as utility system work, construction work, energy work. Industrial work and environmental work, CT Venture Co., Ltd. which has the largest share of 15.35% and Mr Masthawin Charnvirakul (younger brother of ‘Anutin Charnvirakul’, Minister of the Interior) who holds 1.67%.
8. Price return of Sriracha Construction Public Company Limited (SRICHA) in the last 1 month is +9.02%, price return for 1 week is +3.10%, price on 8 September 66 closed at 6.65 baht, high/low price at 52 week is 11.60 / 5.80 baht, P/E value 27.30 times, market cap 2,060.70 million baht, dividend yield ratio since the beginning of the year 3.01%, budget 6 months / net loss 2023 -71.26 million baht, budget 6 months / 2022 net loss -99.37 million baht
Metal construction contracting business in large industrial plants for domestic and international customers. The scope of the company’s services covers detailed engineering design work. Raw material procurement: Sriracha Holding Company Limited has the largest share of 46.89%.
9. CK Karnchang Public Company Limited (CK) Price return for last 1 month is +4.63%, price return for 1 week is -1.74%, price closed 8 September 2023. 22.60 baht, high/low price in 52 week is 24.80 / 17.80 baht, P/E value 27.60 times, market cap 38,282.07 million baht, YTD dividend yield ratio 1.09%, budget 6-month/2023 net profit 703.63 million baht, budget for 6 months/2022 , net profit 420.97 million baht
General construction business By accepting work from government agencies, state enterprises and the private sector as a direct contractor (Main Contractor), subcontractor (Sub-Contractor) or in the form of a joint venture (Joint Venture) or a venture on the joint in the form of a consortium. (Consortium) Mahasiri Siam Company Limited has the largest shareholding at 14.26%.
10. STP&I Public Company Limited (STPI) price in the last 1 month was +0.51%, price return for 1 week was -4.39%%, price closed on 8 September 2023. 3.92 baht, high/low price in 52 weeks is 5.70 / 3.18 baht, P/E value 64.83 times, market cap 6,369.34 million baht, YTD dividend yield ratio 0.00%, budget 6-month/2023 net profit At 97.10 million baht, budget for 6 months/2022 net profit is -144.46 million baht.
The business of processing and installing steel structures, pipe systems, prefabricated factories and other steel products in the construction industry. Basic public utility systems, power plants, oil refineries, gas separation plants, large industrial plants Kiatnakin Phatra Asset Management Co, Ltd (transfer received from Minister Anutin Charnvirakul for Minister’s Asset Management) has the largest share of 10.13% and Mr Chawarat Charnvirakul (Father Anutin Charnvirakul, Minister of the Interior) holds 3.50%.
However, we must keep an eye on whether in the long term, how much will these building stocks have other positive factors causing them to increase their price margins?
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