Bangkok--23 Aug--SET
Listed companies on Thailand’s Market for Alternative Investment (mai) announced operating results for H1/2010, as of end June 30, 2010, with total net profits of THB1.24 billion (approx. USD38.63 million). As high as 81% of mai-listed companies (50 firms) recorded profits over the period under study — the highest percentage reporting profits since the 2008 global crisis.
The 62 mai-listed firms’ H1/2010’s total net profits were a 3% rise y-o-y, while their total sales of THB26.44 billion (approx. USD826.13 million) represented a 7% y-o-y rise. Looking at Q2/2010 alone, mai-listed firms posted total net profits of THB715 million (approx. USD22.34 million), a 9% drop y-o-y, while total sales reached THB13.30 billion (approx. USD415.59 million), an 11% rise y-o-y.
“mai-listed firms were able to maintain their sales and gross profit margins in Q2/2010 compared to the same quarter of 2009, even though in Q2/2010, firms were affected by domestic political unrest and the remaining uncertainty about Map Ta Phut industrial estate. Companies focusing on exports showed a great deal of improvement on operating performance, while firms with major revenues from projects that had been postponed were considerably affected,” revealed mai President Chanitr Charnchainarong.
“The global economic crisis started in mid-2008. Thus, in Q4/2008, 33% of total mai-listed firms recorded losses. That figure has now declined to just 19% in Q2/2010, which is very close to what it was before the crisis, showing the sign of the economic recovery. Eight firms recovered from losses in Q2/2009 to record profits in Q2/2010, i.e., Chu Kai PCL (CRANE), Demco PCL (DEMCO), International Research Corporation PCL (IRCP), Thai Ha PCL (KASET), Lighting & Equipment PCL (L&E), Porn Prom Metal PCL (PPM), Steel Intertech PCL (STEEL), Thai Industrial & Engineering Service PCL (TIES),” said Mr. Chanitr.
Moreover, eight mai-listed firms recorded outstanding performances in both H1/2010 and Q2/2010. These companies enjoyed rises in net profits (excluding gains from investments) and sales both on a q-o-q and y-o-y basis. These firms were Asia Green Energy PCL (AGE), Cyberplanet Interactive PCL (CYBER), Eternity Grand Logistics PCL (ETG), Halcyon Technology PCL (HTECH), Kiattana Transport PCL (KIAT), Moong Pattana International PCL (MOONG), Nation Broadcasting Corporation PCL (NBC) and Tapaco PCL (TAPAC). In particular, CYBER and HTECH’s sales and net profits both more than doubled in H1/2010 over H1/2009.
Currently, there are 63 mai-listed firms. As of August 19, 2010, the mai Index closed at 252.92, with a total market capitalization of THB49.17 billion (approx. USD1.54 billion). For more information about mai listed firms’ operating results, please visit www.set.or.th and www.settrade.com or call S-E-T Call Center at 0 2229 2222.
For more information, please contact S-E-T Call Center 0 2229 2222