The company provides services for engineering, procurement and construction and Fabrication works in Oil & Gas, Petrochemical, Chemical, Energy, Power plants. The company's services can be categorized into 5 scopes as following:1. Engineering, Procurement and Construction 2. Structural Mechanical Piping and Electrical and Instrument Service 3. Civil Construction Service 4. General Construction Service 5. Fabrication and Other Service
| 9M23 | 9M22 | 2022 | 2021 |
|---|
| Revenues | 2,395.11 | 2,319.34 | 3,137.81 | 2,199.23 |
| Expenses | 2,174.83 | 2,093.28 | 2,867.27 | 1,994.78 |
| Net Profit (Loss) | 162.15 | 168.66 | 201.38 | 136.51 |
| Assets | 2,364.99 | 1,995.96 | 2,091.36 | 1,972.52 |
| Liabilities | 1,436.43 | 1,210.30 | 1,270.04 | 1,311.23 |
| Shareholders' Equity | 913.61 | 775.71 | 810.26 | 654.07 |
| Operating | -23.54 | 194.30 | 239.61 | 315.00 |
| Investing | -15.95 | -30.72 | -48.29 | -26.37 |
| Financing | -9.28 | -338.91 | -337.36 | -168.59 |
| EPS (Baht) | 0.55 | 0.57 | 0.68 | 0.46 |
| GP Margin (%) | 12.51 | 12.80 | 11.65 | 13.49 |
| NP Margin (%) | 6.93 | 7.39 | 6.53 | 6.28 |
| D/E Ratio (x) | 1.55 | 1.54 | 1.55 | 1.98 |
| ROE (%) | 23.07 | 31.88 | 27.50 | 23.20 |
| ROA (%) | 12.14 | 15.82 | 13.31 | 11.21 |
The Group business expansion goals as following:
- Strategies of new customer’s acquisition and new projects receiving through many distribution channels such project owners, main contractors and collaboration partnerships.
- Serving diversify of customer requirement with two main factories which are Steel structure and fabrication factory, and Piping system factory.
- Development and enhance team’s abilities and expertise for all kind relevant works such engineering and construction works to serve all customer requirement.
- In order delivery work on time and meet the customers satisfaction with efficiency budget costs, the Group has closely monitoring and continually project management strategy for work achievement
The Group is managed and operated for sustainability with consideration for all stakeholders throughout the business value chain in 3 sections: economy, society, and environment to achieve the vision of "To be one of the leaders in construction services with competence and competitiveness and be a part of creating stable and sustainable growth for Thailand" with the following strategies:
- Operations with safety, in accordance with international standards. in accordance with the Code of Business Conduct and the principles of good corporate governance.
- Improve the qualities of works to build confidence and create customer's satisfaction.
- Using resources wisely and minimizing environmental impact.
In 2023, the Group has signed contracts as follows.
- Clean Fuel Project total amount 1,548 MB
- Sakura Project for VCM & PVC Plant total amount 1,446 MB
- Propane Supremacy Project (C3 Supreme) total amount 583 MB
2022 The group recognized for the year total amount 3,135 MB, which was a new high of total revenue since established
2021 The company received the international standard for Occupational Health and Safety Management (ISO 45000:2008)
2020 The company expanded the fabrication work capacities to new factory located on Pluakdaeng district, Rayong province.
2019 The company offered to sell the newly issued shares to the public for the first time amount 80MB shares totaling 312MB.
2018 The company transformed its status from CAZ (Thailand) Co.,Ltd. to CAZ (Thailand) Public Co.,Ltd. and increased its registered share capital to 140MB
2014 The company was established with initial registered capital of 28.5MB, comprising of 285,000 share with par value of 100baht/share
1.Price Volatility of Raw Materials and Equipment used in installation Risk: The Group set a policy to reduce the risk of construction by estimated construction cost before entering into a project bid, The information used from the Group's internal dababase and information on past construction projects provided to clients. Moreover, the Group set material price by issuing purchase order to vendors in advance to prevent any price adjustments.
2.Inaccurate Construction cost estimations risk: The Group has set a guideline for estimating the cost of construction services. Based on the experience and expertise in the construction planning of the engineering team, together with the construction cost calculation database of past projects. Executives also hold monthly internal meetings to update the status of costs incurred on each project and update project costs each quarter.
The Group awards and achievements
1.Customers' Honorable: type of excellent service.
- Samsung Engineering (Thailand) Co.,Ltd. : Wangnoi Compressor Station Project in year 2019
- Samsung Engineering (Thailand) Co.,Ltd. : Propylene Oxide Project in year 2020
2.Customers' Honorable: type of best partners.
- Y2019: Samsung Engineering (Thailand) Co.,Ltd.
| as of 29/09/23 | CAZ | PROPCON | mai |
|---|---|---|---|
| P/E (X) | 5.98 | - | 109.70 |
| P/BV (X) | 1.30 | 3.22 | 2.40 |
| Dividend yield (%) | 5.29 | 0.50 | 1.47 |
| 29/09/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 1,111.32 | 1,228.92 | 1,005.48 |
| Price (B/Share) | 3.78 | 4.18 | 3.42 |
| P/E (X) | 5.98 | 5.59 | 10.67 |
| P/BV (X) | 1.30 | 1.58 | 1.67 |
