10 Leading Stocks Whose Q1/67 Earnings Saw Sharp Growth, Some Stocks Soared +413.61%

Publicly listed companies have gradually announced their balance sheets for the first quarter of 2024. Several companies stand out. The ability to manage the business to achieve attractive earnings growth by choosing from companies included in the SET 100 stock index that have a net profit change rate for the first quarter of 2024. Compared to the same period for the first quarter of 2023, the top ten

1.IRPC IRPC Public Company Limited The rate of change in net profit for Q1/67 is +413.61% (net profit for Q1/67 is 1,544.55 million baht, while net profit for Q1/66 is 300.72 million baht, an increase of 1,243.83 million baht), the year-to-date price return in 2024 is -4.46%, 5-day historical is +0.52%, price as of May 17, 2024 is 1.93 baht (52-week high/low is 2.54 / 1.85 baht), latest market capitalization 39,438.43 million baht, P/E value – times, Average year-to-date dividends in 2024 are 1.55%, 2023 are 3.47%, and 2022 are 7.28%.

Expect the trends of the crude oil market situation and the improvement of the petrochemical market in the second quarter of 2024 compared to the first quarter. The main supporting factors are the aviation sector, which has recovered significantly from the end of the Covid-19 pandemic, and aviation activities, which have gradually increased depending on the season.

2. Najma SPRC Petroleum Refining General Company Limited The rate of change in net profit for Q1/67 is +223.50% (net profit for Q1/67 is 3,943.25 million baht, while net profit for Q1/66 is 1,218.92 million baht, an increase of 2,724.33 million baht), the year-to-date price return in 2024 is -3.64%, 5-day historical +0.63%, price as of May 17, 2024 is 7.95 baht (52-week high/low is 9.65 / 7.20 baht), latest market capitalization 34,470.42 million baht, P/E 23.07 times, adjusted YTD earnings for year 67 are -%, year 66 are 13.45%, year 65 are 1.67%.

The brokerage is witnessing a reversal of losses incurred in the fourth quarter of last year, supported by strong refining gross margins and a stronger-than-expected retail and marketing business. SPRC stock investment tips from 10 brokers, most of them positive The target price is 8.70-12.00 baht per share.

3.WHA WHA is a public limited company The rate of change in net profit for Q1/67 is +161.13% (net profit for Q1/67 is 1,364.92 million baht, while net profit for Q1/66 is 522.70 million baht, an increase of 842.22 million baht), the year-to-date price return in 2024 is +1.89%, 5-day historical is +6.93%, price as of May 17, 2024 is 5.40 baht (52-week high/low is 5.55/4.00 baht), latest market cap 80,712.91 million baht, P/E 15.32 times, Average YTD dividends in 2024 are 3.41%, 2023 are 3.15%, and 2022 are 2.46%.

Kasikorn Securities maintains its 'buy' recommendation and increases the appropriate price in 2024 to 6.25 baht from 5.70 baht to reflect strong demand for land in the WHA Industrial Park, which helps the company. Increase the selling price significantly. …There is a high probability that the Global Housing Association will adjust its real estate land sales target in Q3 2024 from 2,275 Rai because 2-3 major clients in different business groups are in the final stages of negotiations.

4. CPG Carabao Group Public Company Limited The rate of change in net profit for Q1/67 is +138.15% (net profit for Q1/67 is 628.23 million baht, while net profit for Q1/66 is 263.79 million baht, an increase of 364.44 million baht), the year-to-date price return in 2024 is -16.36%, 5-day historical is +2.99%, price as of May 17, 2024 is 69.00 baht (52-week high/low is 89.50 / 61.25 baht), latest market capitalization 69,000.00 million baht, P/E 30.15 Once, the average YTD dividend in 2024 is 1.30%, 2023 is 1.82%, and 2022 is 1.96%.

In addition, the company's total sales revenue reached 4,935 million baht, an increase of 20% compared to the same period last year. This amount is income from production operations. Under its own brand, the amount reached 2,838 million baht, an increase of 14% compared to the same period last year from local and international companies. Especially the CLMV countries that are recovering.

5. ITC I-Tel Corporation Public Limited The rate of change in net profit for Q1/67 is +93.12% (net profit for Q1/67 is 821.05 million baht, while net profit for Q1/66 is 425.15 million baht, an increase of 395.90 million baht), and the price return year-to-date in 2024 is + 0.47%. 5-day historical is +1.92%, price as of May 17, 2024 is 21.20 baht (52-week high/low is 24.20 / 15.70 baht), latest market capitalization 63,600.00 million baht, P/E value 23.76x, dividend ratio Profits since the beginning of the year 2024 are 2.83%, in 2023 0.95%.

The brokerage expects ITC's 2Q24 operating results to continue to grow year-on-year and expects 2024 earnings to reach 2.93 billion baht, an increase of 28.6% year-on-year, with 1Q24 earnings representing 28% of The division's overall forecast in 2024 is 22.5% higher than in 2023, with costs for raw materials such as tuna being expected to decline. Along with adding new products with higher profit margins, the inventory disposal situation is expected to return to normal. The proportion of revenue from the premium product group is expected to be higher than in 2023.

6.ERW Erawan Group Public Company Limited The rate of change in net profit for Q1/67 is +74.78% (net profit for Q1/67 is 416.95 million baht, while net profit for Q1/66 is 238.56 million baht, an increase of 178.39 million baht), the price return YTD in 2024 is – 9.71%. 5-day historical is -2.47%, price as of May 17, 2024 is 4.74 baht (52-week high/low is 4.74 baht), latest market capitalization 21,479.59 million baht, P/E value 23.32 times, YTD dividend payout ratio For the year 67 it is 1.48%

The brokerage maintains its 2024 net profit growth forecast of +10% year-on-year as a result of the continued growth of tourists. While the normal profit trend for Q2/67E will increase year on year from the increase in the number of tourists compared to last year's low base, but will decrease on a quarterly basis as the low season begins, while there will be additional profit from the sale of ERWPF approximately Providing 200 million baht (non-cash component) to help support again in 2024E.

7.BLA Bangkok General Life Insurance Company Limited The change rate in net profit for Q1/67 is +64.16% (net profit for Q1/67 is 1,241.25 million baht, while net profit for Q1/66 is 756.14 million baht, an increase of 485.11 million baht), the price return YTD in 2024 is + 4.00%. 5-day historical is +4.00%, Price as of May 17, 2024 is 20.80 baht (52-week high/low is 29.25 / 17.00 baht), Latest market capitalization 35,517.37 million baht, P/E value 11.71x, Dividend ratio YTD Year 2024 2.31%, 2023 3.00%, 2022 1.95%.

The proportion of distribution channels for the first year installments for the first quarter of 2024 is divided into 70% banking channels, 25% agent channels, and 5% other channels, respectively, and in terms of expenses in the first quarter of 2024, it amounted to 9,384 million baht, a decrease of 8%. than last year due to a decrease in life insurance reserves due to the maturity of the insurance policy.

8. ICH Ichitan Group Public Company Limited The rate of change in net profit for Q1/67 is +64.06% (net profit for Q1/67 is 363.77 million baht, while net profit for Q1/66 is 221.73 million baht, an increase of 142.04 million baht), and the price return year-to-date in 2024 is + 15.92%. 5-day historical is +1.11%, price as of May 17, 2024 is 18.20 baht (52-week high/low is 18.80 / 12.70 baht), latest market capitalization 23,660.00 million baht, P/E value 19.04x, dividend ratio Profits since the beginning of the year, year 67, 5.49%, year 66, 3.82%, year 65, 4.42%.

The company expects the performance trend in the second quarter of 2024 to continue to improve compared to the first quarter of 2024. It may be (New Haine's) best quarter of the year due to the very hot weather. As a result, different beverages sell outstanding growth. Companies are constantly introducing new products to otherwise support growth.

9. BAM Asset Management Bangkok General Trading Company Limited The rate of change in net profit for Q1/67 is +58.84% (net profit for Q1/67 is 423.41 million baht, while net profit for Q1/66 is 266.56 million baht, an increase of 156.85 million baht), the year-to-date price return in 2024 is +9.82%, 5-day historical is -2.19%, price as of May 17, 2024 is 8.95 baht (52-week high/low is 12.30 / 7.75 baht), latest market capitalization 28,926.78 million baht, P/E 17.10 times, Average since the beginning of the year, the profit percentage in 2024 is 4.25%, in 2023 it is 6.75%, and in 2022 it is 3.48%.

The Board of Directors of Bank Al-Maghrib approved the establishment of AMC with State Savings Bank, each holding 50% of the shares, with an initial registered capital of 25 million baht and later increasing the capital to 1,000 million baht, with the aim of operating Bank Al-Maghrib's business. Managing distressed assets in accordance with relevant laws and standards of the Bank of Thailand (BoT).

10.CPALL CP ALL PUBLIC LIMITED COMPANIES The rate of change in net profit for Q1/67 is +53.28% (net profit for Q1/67 is 6,319.40 million baht, while net profit for Q1/66 is 4,122.78 million baht, an increase of 2,196.62 million baht), the price return YTD in 2024 is + 5.36%. 5 historical days unchanged, price as of May 17, 2024 is 59.00 baht (52-week high/low is 66.25 / 50.50 baht), latest market capitalization 530,002.98 million baht, P/E value 25.63 times, earnings ratio since the beginning Year 67 is 1.69%, Year 66 is 1.34%, Year 65 is 0.88%.

The brokerage stated that the profits of the first quarter of 2024 were much better than expected, which encouraged it to increase its estimates of its profits for this year and next. Earnings are expected to grow 37% this year and grow another 24% next year, and CPALL is the strongest in the retail sector and is expected to support outstanding Q2/24 earnings growth.

But after the announcement of the budget for the first quarter of 2024, most of these stocks have benefited. Causing prices to rise significantly Therefore, it is worth noting that in the second quarter of 2024, these stocks will be able to bring about changes in net profits. Was it as high as last quarter?