After listed companies announced results for the first quarter of 2022, the shares of many companies rose significantly. in which the energy and utilities and petrochemical groups There are many outstanding companies. Because the net profit grew from the same period last year (YoY) and the net profit grew from the previous quarter (QoQ) grew more than 100%, with a total of 9 companies as follows 1.SCN (Scan Inter Plc.) Q1/22 net profit was 269.01 million baht, Q1/21 net profit was 23.17 million baht, the change in net profit was 1,061.00%, while Q1/22 net profit was higher than Q4/64 at 903.00%. +18.27% , Dividend yield 2.24%, P/E 9.40 times, P/BV 1.00 times, Market Cap 2,952.00 million baht, closing price as of 20 May 65 is 2.46 baht , 52 Week High/Low 3.30 / 1.91 baht
1Q22 results remain strong and stand out from the higher sales of the natural gas business. due to rising energy prices in the world market Including continuous revenue recognition that exceeds expectations in the solar power plant business in Minbu, Myanmar. It also recognized revenue from the successful sale of shares of 49% of Thai-Japan Gas Network Co., Ltd. to Shizuoka Gas.
2.EGCO (Electricity Generating Plc.) Q1/22 net profit was 4,115.81 million baht, Q1/21 net profit was 585.46 million baht, net profit change rate of 603.00%, while Q1/22 net profit was higher than Q4/64 at 341.00%. +0.57%, dividend yield 3.68%, P/E12.17 times, P/BV 0.77 times, Market Cap 92,921.07 million baht, closing price as of 20 May 65 is 176.50 baht, 52 Week High/Low 187.00 / 160.00 baht
Mainly because of Paju ES and Khanom Power Plant There is an increase in the amount of electricity sales. This was coupled with the acquisition of shares in Linden Topco and Apex on June 4, 2021 and November 17, 2021, respectively. However, BLCP’s operating profit declined. Due to the planned maintenance in Q1/22 again, the weighted average fuel cost increased.
3.BANPU (Banpu Public Company Limited) Q1/22 net profit was 10,264.21 million baht, Q1/21 net profit was 1,535.11 million baht, the change in net profit was 568.63%, while Q1/22 net profit was higher than Q4/64 at 194.00%. The yield from the historical price YTD +15.09%, dividend yield 3.28%, P/E 4.44 times, P/BV 0.96 times, Market Cap 82,546.53 million baht, closing price as of 20 May 65 is 12.20 baht ,52 Week High/Low 14.90 / 9.65 baht
Recent movements BKV Corporation (BKV) (a subsidiary in which BANPU holds 96.1% shares) has signed a purchase agreement to acquire stakes in natural gas and gas fields. Covering midstream businesses at the Barnett gas field in the USA from a subsidiary of Exxon Mobil Corporation with a total investment of USD750mn (approximately 251 billion baht).
4.SAAM (SAAM Plc. development) Q1/22 net profit was 55.61 million baht, Q1/21 net profit was 9.12 million baht, the change in net profit was 509.64%, while Q1/22 net profit was higher than Q4/64 at 1,178.00%. The yield from the historical price YTD -10.80%, dividend yield 0.47%, P/E 31.74 times, P/BV 6.50 times, Market Cap 2,355.00 million baht, closing price as of 20 May 65 is 7.85 baht, 52 Week High/Low 9.15 / 3.92 baht.
The company plans to diversify its line of business into non-energy businesses. Because the company wants to add more channels of income by the form of investment The company will acquire a stake in a digital company. Initially, it is expected to spend no more than 400 million baht and should be clearly visible within May. However, if it goes according to plan, it is expected that digital business revenue will be recognized within this year immediately.
5.BPP (Banpu Power Plc.) Q1/22 net profit was 2,918.34 million baht, Q1/21 net profit was 1,034.16 million baht, the change in net profit was 182.19%, while Q1/22 net profit was higher than Q4/64 at 687.00%. -6.40%, dividend yield 4.04%, P/E 9.79 times, P/BV1.01 times, Market Cap 49,068.48 million baht, closing price as of 20 May 65 is 16.10 baht, 52 Week High/Low 20.30 / 15.30 baht
Q1/22 BPP had total revenue from 3 combined cycle power plants in China of 2,567 million baht and realized a share of profit from the joint venture of 773 million baht from HPC power plants and BLCP power plants. Currently, BPP is listed in the SET100 index and the SETHD index is a stock that pays dividends for the past 3 years with good fundamentals, good liquidity, and a low net debt to equity ratio. reflects a strong financial position
6.SPRC (Star Petroleum Refining Plc.) Q1/22 net profit was 5,284.37 million baht, Q1/21 net profit was 2,005.68 million baht, the change in net profit was 163.47%, while Q1/22 net profit was higher than Q4/64 at 185.00%. +19.39%, dividend yield 1.53%, P/E 6.32 times, P/BV 1.28 times, Market Cap 50,730.05 million baht, closing price as of 20 May 65 is 11.70 baht ,52 Week High/Low12.30 / 7.75 baht
Refinery share prices rose on positive factors from South Korean refinery “S-Oil Onsan” fire. The impact on global petroleum and petrochemical supplies is limited. Since there is no detailed information on damage and repairs. But initially, the group that is most likely to benefit will be the refineries that are already tight global supply. followed by petrochemicals that may benefit in the short term
7.BCPG (BCPG Plc.) Q1/22 net profit was 1,363.04 million baht, Q1/21 net profit was 523.36 million baht, the change in net profit was 160.44%, while Q1/22 net profit was higher than Q4/64 at 473.00%. The yield from the historical price YTD +1.67%, dividend yield 2.62%, P/E 12.39 times, P/BV 1.23 times, Market Cap 35,307.99 million baht, closing price as of 20 May 65 is 12.20 baht, 52 Week High/Low 15.40 / 11.10 baht.
The main reason for BCPG’s growth was the commercial operation (COD) of the Chiba 1 solar power plant in Japan. and solar power plants installed on the roof (Solar Rooftop) in Thailand. Along with the hydroelectric power plant in Lao PDR, it was able to generate more electricity due to the increase in rainfall compared to the 4th quarter of 2011.
8.IVL (Indorama Ventures Public Company Limited) Q1/22 net profit was 14,069.91 million baht, Q1/21 net profit was 6,008.81 million baht, the change in net profit was 134.15%, while Q1/22 net profit was higher than Q4/64 at 161.00%. +12.72%, dividend yield 2.05%, P/E 7.97 times, P/BV 1.54 times, Market Cap 273,709.41 million baht, closing price as of 20 May 65 is 48.75 baht, 52 Week High/Low 52.00 / 36.00 baht.
IVL’s three business segments have grown from the company’s global leadership position, which has resulted in IVL benefiting overall from rising crude oil prices. Increased sea freight rates and a stronger US dollar driven by recovering consumer demand and global mobility. However, the reopening is a good sign for demand for all IVL product segments.
9.ESSO (Esso (Thailand) Public Company Limited) Q1/22 net profit was 5,899.72 million baht, Q1/21 net profit was 2,788.41 million baht, the change in net profit was 111.58%, while Q1/22 net profit was higher than Q4/64 at 686.00%. +31.29%, Dividend Yield N/A%, P/E 4.42 times, P/BV 1.33 times, Market Cap 33,397.28 million baht, Closing price as of 20 May 65 is 9.65 baht, 52 Week High/Low 9.85/ 7.00 baht
ESSO 1 in Shares Refinery Benefit from Russo-Ukrainian War which does not seem likely to end in the near future Because even though the performance of 1/65 of many companies may not look good. Compared to the same period last year, but in the future, most analysts still consider this group of stocks very attractive.
However, these nine companies Most of them have mostly positive YTD historical yields, except SAAM and BPP which are still negative, which from the 1Q22 performance should be a positive factor for the share price to move up.