Kiattana Transport Pub Co., Ltd. is a leading provider of hazardous transportation for petrochemical products, chemical goods, and other special products such as crude oil, natural gas, and industrial waste. The company owns more than 700 vehicles customized for each type of hazardous goods. The primary object of our business is Safety Measures Policy, including transport performance and customer service.
| 6M23 | 6M22 | 2022 | 2021 |
|---|
| Revenues | 407.01 | 421.20 | 922.46 | 770.55 |
| Expenses | 356.02 | 358.12 | 806.98 | 667.93 |
| Net Profit (Loss) | 38.77 | 48.64 | 90.80 | 78.68 |
| Assets | 1,318.94 | 1,256.11 | 1,349.43 | 1,222.53 |
| Liabilities | 196.81 | 115.42 | 204.75 | 102.08 |
| Shareholders' Equity | 1,115.12 | 1,133.62 | 1,138.16 | 1,115.89 |
| Operating | 86.67 | -22.87 | 15.82 | 61.18 |
| Investing | -256.42 | -42.93 | -66.71 | 338.75 |
| Financing | -48.50 | -30.18 | 10.28 | -133.01 |
| EPS (Baht) | 0.01 | 0.02 | 0.03 | 0.03 |
| GP Margin (%) | 30.21 | 27.31 | 27.89 | 30.03 |
| NP Margin (%) | 9.64 | 11.59 | 9.80 | 10.33 |
| D/E Ratio (x) | 0.18 | 0.10 | 0.18 | 0.09 |
| ROE (%) | 7.20 | 7.33 | 8.06 | 7.02 |
| ROA (%) | 8.03 | 8.66 | 8.98 | 8.31 |
Core Business
- Business expansion in the transportation of hazardous goods and other special products focusing on the highest safety standards in both domestically and internationally, including providing a full range of transportation and distribution of chemicals services in order to fulfill our client’s specification.
- Business market expansion in the transportation service to retail customers aims to lessen dependence on key clients and revenue fluctuations when the contract expires.
- Investment strategies in new businesses are to create opportunities for sustainable growth, emphasizing leveraging expertise in transportation with a strong focus on safety as a concern according to global standards, including the expertise and capabilities in handling various situations that may occur during transportation.
New Business
KGP Company Limited
- Providing Security Technology Services and Emergency Rescue Vehicles for our allied companies among the transportation industry.
- Leasing business service for a used ten-wheeler truck under the trade name "Sib-Lor Leasing"
KT TRAIN Company Limited
The company has expanded its business to include rail transportation, which is operated by KT Train. Currently, the company has been transporting goods on the route Ban Kradon (Nakhon Ratchasima)-Map Ta Phut (Rayong) by chartering trains to perform such business.
KIATTANA TRADING Company Limited
Comprehensive chemical distribution and transportation services.
The company specializes in the transportation of dangerous goods. Our business provides “end-to-end logistics process” services, covering warehousing and customs clearance services, which aspire to fulfill all customer’s specification. Moreover, our drivers have successfully completed rigorous training on safe driving as well as a fundamental course on chemicals and emergency response.
For Q2/2023 (3 months), the company and subsidiary's revenues were 172.84 million baht, comprising:
Transportation services revenue was 146.39 MB, representing 81.51% of total revenue, decreasing by 25.46 MB, or 14.82% resulting from some contracts expired.
Revenues from other services such as asset rental, driver behavior monitoring services, and hire-purchase interest were 18.51 MB, representing 10.31% of total revenue, increasing by 4.80 MB, or 35.03% resulting from contracts renewals from existing customers.
Revenue from sales was 7.94 MB, representing 4.42% of total revenue, decreasing by 20.28 MB or 71.88% resulting from customers’ slowing down consumption and orders.
July 2020
KT Train Co., Ltd. started rail transportation on the route Ban Kradon - Map Ta Phut , opening the first Ban Kradon station to be operated as a transportation point.
August 2021
KIATTANA TRADING Co., Ltd. was founded to operate in chemicals trading.
December 2021
Starting a used ten-wheeler truck leasing business called “Sib Lor Leasing”, operated by KGP Co., Ltd. (subsidiary) as a business providing leasing loans for a used ten-wheeler trucks.
Major risk factors of the business and preventions are as follows.
The risk of being reliant upon major clients. The company's major revenue comes from major clients. It will influence the company's revenue if the client terminates a carrier contract with the company or the customer's business encounters any difficulties. The company, however, employs the strategy of diversifying its service and customer base into additional industries with significant potential for growth, such as industrial gas and chemicals.
The risks of accidents during transportation. Given the fact that the company provides transportation services, there are considerable possibilities of accidents occurring during those services. Also, serious damage could take place if there is a mistake or accident during transportation services. The company, therefore, has a policy to oversee the services with safety standards prescribed by law, together with a team that has expertise and can provide basic knowledge to employees on the chemicals that are loaded for effective operation, as well as constantly examine the safety system and vehicle conditions in all vehicles before operation.
| as of 30/06/23 | KIAT | TRANS | SET |
|---|---|---|---|
| P/E (X) | 14.72 | 61.00 | 17.96 |
| P/BV (X) | 1.15 | 3.24 | 1.46 |
| Dividend yield (%) | 6.98 | 1.36 | 3.12 |
| 30/06/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 1,328.88 | 1,483.40 | 1,792.44 |
| Price (B/Share) | 0.43 | 0.48 | 0.58 |
| P/E (X) | 14.72 | 14.35 | 19.90 |
| P/BV (X) | 1.15 | 1.31 | 1.64 |
