TEAMG: The Perk of Being a Consistent Company in Acquiring Projects

It is regrettable that Team Consulting Engineering And Management Public Company Limited (TEAMG) was ignored by investors for quite some time now. Partly due to being a small-cap stock and each of its assigned projects have no high value, TEAMG did not get the investor’s attention, despite many good sides hidden.

TEAMG is like a small spicy stock that has specific businesses. The company provides complete environmental and engineering consulting services, which starts from giving education, designation, project report making, construction work, supervising to the preparation of the environmental impact assessment report.

In the earlier years, TEAMG was called “golden hand company” because of being able to get overseas and domestic projects continuously. Its latest projects include a contract for designing the details of the geotechnical project, underground and on-ground concrete projects and the “Namemoon” hydropower plant project, which is valued about 92,551,090.50 baht.

Although the value of these contracts is not considered high, TEAMG gradually books all the income, causing the company to have a big backlog of more than 3.2 billion baht. It is expected the company can book 30% of its backlog to the revenue this year while the remaining will be booked continuously.

TEAMG is such a low profile company, despite having enormous backlogs! That means brilliant revenue and profit in the near future. It is believed that TEAMG can grab more contracts for the rest of the year. The management projected a 10-15% growth for this year to increase from 1,667 million baht in the year earlier. Moreover, TEAMG is a high-yield stock which pays a yearly dividend of 6.64%.

Though this company has good features, Surprisingly, the share price does not respond as well as it should. The price stands still at over ฿2.00/share for a long time. It closed on Wednesday at ฿2.22/share, decreased ฿0.04/share or 1.77% before recovered by 1.80% and 1.77% on Thursday and Friday. Still, the share is traded below its IPO which is ฿2.42/share.

Is it possible to see TEAMG standing above the IPO price? More importantly, how can the company guide investors to see the good sides of it which supposedly leads to an investment in TEAMG later. This task might need the business tycoon “Mr. Chawalit Chantararat” to handle it, if not, there is a chance that TEAMG will no longer attract investors in the future, and all the hard work the company had put on might become a waste.