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The Thailand Stock Exchange (SET) revealed that 697 listed companies (listed) or 94.3% of the total 739 companies (excluding group companies that are subject to possible exclusion or NC companies that modify operations. the programmed or the property fund NPG Infrastructure Funds) Present the operating results of the first 9 months of 2020 and the third quarter ended on September 30, 2020, it was found that listed companies reported net income of 483 companies, which which represents 69.3. % Of listed companies that present all financial statements
3Q20 performance improved over the previous quarter with total sales of 2,495,389 million baht, an increase of 8.6%, a core operating profit of 216,831 million baht, an increase of 46.2% and a net profit of 137,576 million baht. Baht increased 24.4%
Profitability has also improved, with a gross profit margin of 23.5% from 22.2%, a basic profit margin of 8.7% from 6.5% and a net profit margin (Net Profit Margin) 5.5% from 4.8%.
The Company’s performance is in line with the Real GDP Growth Rate in 3Q / 2020 at 6.5% compared to the previous quarter. According to the report of the Office of the National Council for Economic and Social Development
so “Business News Online” Therefore, conducting a survey on the performance of companies listed on the Thailand Stock Exchange (SET) In the third quarter of 2020, we will be presented to see the strong profitability of the period.
This is due to the fact that most companies face negative factors, including the trade war between China and the United States. Including the spread of the COVID-19 virus that affects the economy around the world, this time only the selected stocks in the SET group that had net earnings for the third quarter of 2020 increased more than 100%, with 50 eligible stocks as shown in the table below.
For the highest earning stocks 1st place It is Univanich Palm Oil Public Company Limited OR UVAN In the third quarter of 2020, the company had a net profit of 71.33 million baht, or an increase of 16,296.55% over the same period of the previous year with a net profit of 0.44 million baht, with the increase in 3Q20 results due to the volume of palm fruit in the third quarter. The higher the price, the higher the price of palm oil and the more sales of palm seeds and seedlings.
Second place Sri Trang Gloves (Thailand) Public Company Limited OR STGT In the 3/2020 quarter, the company has a net profit of 4,401.92 million baht or an increase of 3,464.74% over the same period of the previous year with a net profit of 123.49 million baht.
The factors that resulted in the Company’s net income increased compared to the same period of the previous year. It comes from sales revenue.That increased to 8.1 billion baht, an increase of 170% compared to the same period last year. Additionally, other income grew to 120.7 million baht, a growth of 684% compared to the same period last year.
KTB Securities (Thailand) Specified in analysis to recommend STGT shares “Buy”, target price 107 baht / share, with positive view on short-term stock sentiment After Malaysian government shutdown, 12 additional Top Glove factories after shutdown from last week, 16 (November 17, 20), a total of 28 (68% of the 41 factories in Malaysia). This is a positive factor for STGT, so a pandemic order is expected to be entered with the company. And expect to see the sale prices of rubber gloves continue to rise between February and March 20.
However, the outlook for rubber glove sales prices is likely to decline in the second half of 2021, after last night (November 23, 20) the COVID-19 vaccine is expected to be used on 20 December.
Maintain net profit in 2020 at 9,044 million baht, an increase of 1,310% compared to the previous year. And maintain the 2021 net profit of 15,422 million baht, 71% more than the previous year.
3rd place Is it CK Power Public Company Limited or CKP? In the 3/2020 quarter, the company had a net profit of 831.31 million baht, or an increase of 2,393.20% over the same period of the previous year with a net profit of 33.34 million baht.
Operating results increased due to total revenue in the third quarter of 2020 by 2,141.55 million baht, compared to the same period of the previous year 2,005.57 million baht, mainly from electricity and steam sales revenue. Additionally, total expenses in the third quarter of 2020 stood at 1,620.24 million baht, a decrease from the same period last year by 1,715.74 million baht.
In addition, the share of profit from investments in associates in the third quarter of 2020 stood at 669.59 million baht, increasing compared to the same period of the previous year with a loss of 14.10 million baht, mainly due to the recognition of the participation in the company’s profits. Xayaburi Power Company Limited (XPCL), mainly due to increased water flow through power plants in the third quarter following increased rains in the Lao People’s Democratic Republic, resulting in sales volume of XPCL electricity. Increased compared to the same period last year
Thanawat Trivisvavet, Managing Director of CK Power Public Company Limited or CKP revealed that the 3Q2020 results of the company and its affiliates turn earnings as expected. After the second quarter of 2020, revenues decreased due to the amount of water used to generate electricity, which decreased due to the dry season; In the third quarter, total revenue was 2,131 million baht, an increase from the same period last year with 2,001.5 million baht in revenue. An increase of 129.5 million baht or 6.5% and represented CKPower’s net profit of 831.3 million baht, increasing over the same period last year with a net profit of 33.3 million baht, an increase of 798 million baht.
However, since the end of the second quarter of this year, there have been continuous storms and rain in the Lao People’s Democratic Republic. As a result, the amount of water flowing into the reservoir of the Nam Ngum 2 Hydroelectric Power Plant has increased. Meanwhile, the amount of Mekong River water used to generate electricity for the Xayaburi Hydroelectric Power Station was sufficient and satisfactory for electricity sales in the first month of the fourth quarter, and the water situation is expected. At a satisfactory level in 2021, the Company’s operating results are expected to continue to grow.
4th place Eastern Star Real Estate Public Company Limited or ESTAR In the 3/2020 quarter, the company had a net profit of 112.89 million baht or an increase of 1,680.01% over the same period of the previous year with a net profit of 6.34 million baht.
Operating results increased as total revenue in the third quarter of 2020 stood at 1,056.82 million baht, compared to the same period last year at 396.99 million baht, mainly from real estate sales.
number 5 Eastern Power Group Public Company Limited O EP In the 3/2020 quarter, the company had a net profit of 886.42 million baht or an increase of 1,533.24% over the same period of the previous year with a net profit of 54.27 million baht.
The increase in performance came from sales of four solar power plants in Thailand with a total capacity of 20 MW, comprising two 5 megawatt (MW) Bo Ploy power plants, a 5 MW Lopburi power plant, and a power plant. Prachinburi, 5 MW to BCPG Public Company Limited or BCPG
And the sale of three solar power plants in Japan with a total capacity of 31.75 MW, including the 9.52 MW Kurihara 1 project, the 12.24 MW Kurihara 2 project and the 9.99 MW Kyoto project. , Blue Energy Capital GK and Kurihara Taiyoukou Hatsuden. GK, an investor in Japan Profit from the sale of the Kyoto project will be realized in the fourth quarter of 2020.
At the same time, the company is still in the process of investing in a wind power project in Vietnam. 160 MW capacity, investment value of approximately 7 billion baht, 12-month operating period, commercial power generation (COD) is expected to start in October 2021, with an expected return on capital (IRR) at the 20-25% level per project, which will help drive business growth. We are confident that the Company’s revenue trend this year will grow more than 50% over the previous year with total revenues of 2,103.73 million baht, continuously setting a record.
* All information presented above It is only a recommendation based on basic information for investor decision making. And it is not suggestive OR suggest buying or selling securities, the decision of the reader to buy or sell securities, whether by reading the articles in this document or not. They are the result of the reader’s judgment
