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Thailand's SEAFCO Plc. (SEAFCO): Strong outlook in 2H10.
Section: Stocks - Government spending is not only the key revenue growth driver for contractors but also strengthens the confidence of the private sector to resume investing in production expansion and big-ticket real estate. A sizable government investment budget signals that contractors' backlogs and earnings will expand. BUY rating is maintained on SEAFCO.
Improving profile since 2Q10: SEAFCO reported a 1Q10 loss of Bt22m, down by 223.1 YoY and 394.5% QoQ because jobs carrying mostly slim margins were recognized in 1Q10 as evidence by gross margin of 1.5% only in 1Q10 compared with 19.7% in 1Q09 The firm's backlog as of Sept 30 was valued Bt1.6bn, of which Bt400-Bt500m is …
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- Seafco looks upcountry as Bangkok market slows.
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Newspaper article from: The Nation (Thailand)
February 10, 2009
700+ words
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News wire article from: Thai Press Reports
February 17, 2009
700+ words
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- Thailand: Construction firm Seafco expects its performance to improve this year.
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News wire article from: Thai Press Reports
February 10, 2009
700+ words
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- Thailand's Seafco Plc. (SEAFCO): Better outlook as construction industry...
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News wire article from: Thai Press Reports
September 10, 2009
700+ words
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- Thailand's Seafco (SEAFCO): Earnings should improve from 2Q10F.
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News wire article from: Thai Press Reports
March 12, 2010
700+ words
