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mai President Mr. Vichate Tantiwanich said that all 21 listed companies on the mai have submitted their Q3/2004 financial statements for the period ending September 30, 2004. These companies collectively showed THB263 mln. (approx. USD 6.4 mln.) in profits, accounting for a 66% boost over Q3/2003. It is also noteworthy that all mai-listed companies posted net profits in Q3/2004.
“Companies listed on the mai are small and medium-sized firms with high growth potential. Considering their Q3/2004 performances, when four of the 21 firms showed greater than 100% rates of growth, their high growth potential is being achieved. This was led by Unique Mining Services Pcl. (UMS) with THB42.06 mln. in profits, a remarkable 476% jump from the same period last year due to its market expansion to small and medium-sized clients, which has lead to a higher profit margin. Meanwhile the firm’s sales & administration as well as interest expenses have increased only slightly,” the mai President said.
The second fastest-growing company was Interlink Communication Pcl. (ICT), which recorded THB9.57 mln. worth of profits, an increase of 325% over Q3/2003. This was due to a more than 30% rise in its revenues generated from the firm’s distribution business. It also earned from a network installation project in the Suvarnabhumi Airport, and from producing smart cards used in a Customs Department procedure.
L.V. Technology Pcl. (LVT) ranked as the third fastest-growing mai-listed company, with THB12.39 mln. in profits, a 250% year-on-year increase. LVT gained from increased sales as it offered more services to large-scale projects in, for example, Iran and Pakistan. While LVT’s sales and profits grew, its sales and administration expenses decreased from 31% to only 5% of the total sales for this year.
The fourth fastest-growing firm on the mai is Porn Prom Metal Pcl. (PPM). The company posted THB11.26 mln. in profits, soaring 117% over Q3/2003. The contributing factors included a continuous expansion of its customer base whilst its existing customers placed more orders as their industries prospered. Its sales and administration expenses increased only slightly when compared to its sales.
For overall 9M/2004 performance, the mai-listed companies collectively posted THB628 mln., rising an impressive 33% over 9M/2003 figures. The top three companies with highest profits for the 9-month period included 1) Unique Mining Services Pcl. (UMS), with THB91.82 mln. or a 187% rise, 2) Thai Mitsuwa Pcl. (TMW), with THB91.76 mln. in profits, an increase of 46%, and 3) Master Ad Pcl. (MACO) with THB64.71 mln. worth of profits, up 28% over the same period last year.
Mr. Vichate added that: “In Q3/2004, it is worth highlighting that there were 3 companies that turned from losses to profits. They were CM Organizer Pcl. (CMO), Chuo Senko (Thailand) Pcl. (CHUO), and The Brooker Group Pcl. (BROOK).
When considering the entire 9-month period, there were 6 companies that turned from losses to profits. These firms were International Research Corporation Pcl. (IRCP), Matching Studio Pcl. (MATCH), Sherwood Chemicals Pcl. (SWC), Pack Delta Pcl. (PD), Yuasa Battery (Thailand) Pcl. (YUASA), and Focus Engineering and Construction Pcl. (FOCUS).”
He added that: “Currently there are 21 listed companies on the mai, and another 10 in the process of listing. We believe that the mai-listed companies will become increasingly attractive to investors.”
People interested in investing in the MAI-listed companies can learn more from their research reports, browse www.settrade.com, or call the S-E-T Call Center at Tel: 0 2229-2222.
