STEC increased 3.31% or increased 0.40 baht to 12.50 baht, trading value 51.58 million baht at 10.35 a.m. from the opening price of 12.20 baht, the highest price of 12.50 baht, the lowest price of 12.20 baht.
Yuanta Securities (Thailand) stated in the analysis that Expected 2Q22 normal profit of Sinothai Engineering and Construction Plc. (STEC) at 260 million baht, growing +108% YoY and +12% QoQ. Dividend from Plc. Gulf Energy Development (GULF) around 100 million baht and gross profit margin of 5.4% is much better. Compared to 2Q21, which was the last quarter, revenue from the parliamentary project with low gross margin was recognized. resulting in a gross margin of only 3.2%.
The company has a backlog of up to 80,000 million baht, and large-scale auctions are pending, such as the Red Line extension, the dual-track railway phase 2 and U-Tapao Airport, while the construction group Sentiment is doing well. Up as the price of commodities such as oil, steel is expected to support the share price has a chance to recover. Because the current share price is trading at a one-year low.