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Mr. Chavalit Thanomthin Managing Director Wright Tunneling Public Company Limited (RT) revealed that the company is confident of listing on the stock market. First tomorrow (Nov 12) due to strong business fundamentals. From the strengths of being a special expert, construction works in civil and geotechnical engineering such as tunnel works, underground structures, hydroelectric power station dams, underground electrical wiring works by pipe pushing and pipe drilling and pulling. Which is considered to be very few competitors in this type of event in Thailand. There will also be more opportunities to receive such work both domestically and internationally in the future. Today, there is a large proportion of jobs in the country. Most of which are government jobs
The company believes that the 63 full year performance will reach the highest record after the first 9 months, earning a total revenue of 2,114.73 million baht, an increase over the same period of the previous year with a total revenue of 1,687.48 million baht or an increase of 25.31% and a net profit of 204.57. Million baht from the same period last year with a net profit of 67.02 million baht or an increase of 205.24%, which is the highest record.
While trending 4Q20, the company expects to continue growing from 3Q / 2020 with total revenues of 673.40 million baht, an increase over the same period last year with total revenue of 643.75 million baht or a 4.60% increase and profit. Net profit of 67.25 million baht, an increase from the same period last year with a net profit of 28.51 million baht or an increase of 135.88% due to portfolio income recognition of approximately 600- 700 million baht of the total. 4.2 billion baht
The company also plans to bid for new additional works such as a 3-way railway, for a total of 72,000-75,000 million baht, where the company will bid for the tunnel work worth 20,000 million baht, which is expected to the end of this year the government is issued. TOR and expect to receive at least 20% of that work and prepare to tender for the underground cable entrance. And the work of the Royal Irrigation Department too
For the year 64, the company expects operating results In particular, earnings will continue to record all-time highs this year. Tenders for national and international events The target has an order book of 6,000 million baht, so the company is interested in entering the tunnel work. Topic – Patong From the Special Administration of Thailand Project value 1.4 billion baht, works in a water tunnel From the Royal Council of Irrigation, road works of the Ministry of Roads, etc.
Overseas segment The company is also exploring the opportunity to submit offers to work in Myanmar. In infrastructure works, hydroelectric plants, Cambodia Constantly looking for work Currently, it is in the process of renovating a 200 million baht pagoda and in Laos, it seems that it will regain its potential. That the company has plans to join a hydroelectric plant. It is expected that next year the proportion of external income will rise to 25% from the current 5%, the rest will come from internal origin. While the main share of income comes from tunnel work, about 60% of total income.
Mr. Sompop Sak Phanphanom The Chairman of the Board of Asset Pro Management Co., Ltd. (APM), as financial advisor, said that RT has more opportunities to accept jobs in the future. Especially the large government infrastructure works that are announced gradually. Furthermore, the company has solid foundations. And it has the ability to manage construction costs effectively.Reflected from the net profit for the last 4 quarters (Oct 1 19 to Sept 30 20), the net profit was 267 million baht, an increase of 229, 47 million baht (1 As a result, the net earnings per share increased to 0.24 baht per share from 0.21 baht per share, while the share price to earnings per share (P / E) to price offer. 1.92 baht each, which is 8 times of 9.20 times
“After the financing, RT will be able to generate more growth. Based on a solid financial position, RT has unallocated retained earnings at the end of 3Q20 of 343.55 million baht. The company also has a dividend policy of not less than 40% of net income after deducting various reserves. And ready to run an efficient business to support growth and the opportunity to accept infrastructure jobs in the future, “said Sompop.
