Bualuang Forecasts Strong Q3/69 Profits for 6 Selected Stocks

MGR Online•Economy•2d ago

Reader Briefing

Bualuang Securities expects net profits for listed companies in its coverage to expand year-on-year in Q3/69.

•Piriyapol Kongwanich of Bualuang Securities forecasts Q3/69 net profit expansion year-on-year but a slowdown quarter-on-quarter.
•Positive drivers for year-on-year growth include energy prices, petrochemical spreads, mobile internet revenue, and electronics demand.
•Bualuang Securities identifies six stocks with strong growth potential in Q3/69 across electronics, beverages, pet food, hospitals, tourism/airports, and power plants.

Overview

•Piriyapol Kongwanich of Bualuang Securities predicts Q3/69 net profits for listed companies in Bualuang Securities coverage will expand year-on-year but slow down quarter-on-quarter.
•Year-on-year growth is supported by increased energy prices, petrochemical spreads, mobile internet revenue, electronics demand, and GULF's new power production capacity and overseas power plant profits.
•Year-on-year growth is pressured by rising aircraft fuel costs affecting airlines and shrinking interest margins affecting the banking group.
•KCE's average selling price is expected to increase approximately 910% due to price adjustments effective July 1, potentially raising PCB revenue by 17-19% quarter-on-quarter.
•CBG's domestic energy drink sales are expected to grow 10% year-on-year and Myanmar sales 70% year-on-year in Q3/69, with Myanmar continuing 30% growth in Q4/69.
•ITC's sales for July-August are expected to grow 10% year-on-year and 7% quarter-on-quarter.
•BH and BDMS revenues are expected to grow year-on-year and month-on-month in July, supported by Thai and Middle Eastern patients as flights from the Persian Gulf recovered since early July.
•July RevPar increased for AWC by 26% year-on-year, CENTEL by 8% year-on-year, ERW by 5% year-on-year, and MINT by 4% year-on-year.

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Key Entities

Person

Piriyapol Kongwanich(พิริยพล คงวาณิช)

Director of Investment Analysis for Wealth Management at Bualuang Securities.

Organization

Bualuang Securities(บล. บัวหลวง)

A securities firm providing investment analysis and stock coverage.

GULF

A company with new power production capacity and overseas power plant profits.

KCE

An electronics company producing PCBs.

CBG

A beverage company operating in Thailand and Myanmar.

ITC

A pet food export company.

A hospital provider serving Thai and Middle Eastern patients.

BDMSℹ️

A hospital provider serving Thai and Middle Eastern patients.

AOT

An airport operator.

CENTEL

A tourism and hotel company.

AWC

A hotel company reporting RevPar growth in July.

ERW

A hotel company reporting RevPar growth in July.

MINT

A hotel company reporting RevPar growth in July.

GPSCℹ️

A power plant company recognizing profits from GHECO-One and Glow IPP.

GHECO-One

A power plant from which GPSC recognizes profits.

Glow IPP

A power plant from which GPSC recognizes profits.

Place

Myanmar(พม่า)ℹ️

A market where CBG's energy drink sales are growing.

Persian Gulf(อ่าวเปอร์เซีย)ℹ️

A region from which flights to Thailand recovered in early July.