Construction Materials Performance 9M/61

                The performance of construction materials in 9M/61 reflects the overall situation of the industry group. TerraBKK Research has compiled data from 21 public companies in the construction materials sector listed on the Stock Exchange of Thailand, revealing that the overall performance of this business group is quite volatile, both in terms of increases and decreases, averaging between -2.2% to 9.3% compared to the same period last year (9M/60). The total sales averaged between 74.3% - 84.0% when compared to the total for the full year 2560. For clarity, the data is divided into three main groups based on revenue, detailed as follows:


TOP 5 Public Companies with Highest Revenue in 9M/61


                The construction materials business group including cement and ready-mixed concrete, asphalt, paints, and coatings remains the highest revenue-generating group in the construction materials industry. Thai Cement (SCC) is the only company with revenue exceeding 100 billion baht, reporting total revenue of 380,927 million baht, with a net profit of 34,281 million baht (a 19% decrease from the same period last year) due to reduced performance in the chemicals business and asset impairment. The next four public companies all reported revenues in the tens of billions of baht: Nakhon Luang Cement (SCCC) 34,271 million baht, TPI Polene (TPIPL) 27,139 million baht, Tipco Asphalt (TASCO) 18,226 million baht, and TOA Paint (Thailand) (TOA) 12,155 million baht.


                Meanwhile, the highest net profit margin in this group belongs to the newcomer that just entered the stock market at the end of last year, TOA Paint (Thailand) (TOA), with increased revenue from higher average selling prices and increased sales volume. Although promotional expenses have also risen, the company still maintains a net profit margin of 11.41%, the highest among the Top 5.


Performance of Construction Materials Group with Revenue Not Exceeding 10,000 Million Baht


                The construction materials group with revenue not exceeding 10,000 million baht is diversified across various construction product types, including ceramic tiles, wood and synthetic wood panels, carpets and flooring materials, plastic processing, and roofing tiles. The performance of most companies can generate net profits, but there are two public companies that reported losses: SCG Ceramics (COTTO) with a net loss of 56 million baht due to decreased revenue, increased energy costs, and non-recurring expenses, and Wanchai Group (VNG) with a loss of 218 million baht due to decreased sales revenue, both in volume and price.


                In terms of net profit margin, the highest in the group with revenue not exceeding 10,000 million baht is Dynasty Ceramic (DCC), which produces and sells ceramic tiles for flooring and wall covering, achieving a net profit margin of 12.29% in the first nine months of 2561 (9M/61).

Performance of Construction Materials Group with Revenue Not Exceeding 2,000 Million Baht


                The diversity of construction material types in this group includes ready-mixed concrete, mosaic tiles, fiber sheets, concrete slabs and piles, plastic pipes, and ceramic floor tiles. The most outstanding public company is Thaksin Concrete (SCP), which produces and sells various types of prestressed concrete products, achieving the highest net profit margin in this industry at 16.27% and generating revenue of 1,575 million baht, nearly matching the previous year's total (Year 60 = 1,614 million baht). ---TerraBKK

Article by: TerraBKK Investment Tips
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