PSG Corporation Public Company Limited, together with its subsidiary, provides turnkey engineering, procurement, and construction (EPC) services and undertakes large-scale construction projects in Thailand and the Lao People's Democratic Republic. Its portfolio includes civil engineering, industrial construction, superstructures, mechanical and electrical engineering, roads, infrastructure, and medium-to-large-scale projects such as factories, warehouses, offices, shopping malls, commercial and residential buildings, condominiums, hospitals, and utilities and machinery installation. The company also offers operations and maintenance services for the mining sector and is involved in natural resource and energy businesses, serving government agencies and private companies. Formerly T Engineering Corporation Public Company Limited, it changed its name to PSG Corporation Public Company Limited in October 2021, was incorporated in 1981, and is headquartered in Bangkok, Thailand.
PSGC reports first half of 2026: NT delivers 1.41 million tonnes of coal, driving total revenue to 7,292.5 million baht
PSGC Corporation Public Company Limited, or PSGC, disclosed that Nam Tien Limited Liability Company (NT) delivered 1.41 million tonnes of coal in the first half of 2026, exceeding its plan, generating revenue of 5,975.1 million baht, or 81.9% of the group's total revenue of 7,292.5 million baht. Of the revenue from NT, 5,722.3 million baht came from coal sales, and 252.8 million baht from mining services and coal processing services, while the construction business generated revenue of 1,043.6 million baht. David Van Dau, Chief Executive Officer of PSGC, said the coal business between Laos and Vietnam operates under a 10-year government-to-government cooperation framework signed in 2025, with its main customers being two major state-owned energy enterprises of Vietnam, placing the business on a structural bilateral relationship rather than one-off purchase orders. As for the existing construction contracting business, the XPPL Expansion Phase 1 project is more than 98% complete, while the new community construction project worth 5,000 million baht and basic infrastructure works in Laos are 55% complete, and the remaining approximately 45%, worth about 2,400 million baht, is expected to be gradually recognized through the end of 2028. PSGC is also developing a pumped-storage hydropower project, or PSH, which is expected to take about 5 to 7 years to develop, and was recently selected for the ESG Emerging List for 2026 by the Thaipat Institute.
Energy Transition & Power Demand › Hydropower & Pumped Storage ▲Technology
PSGC.BK · Capital · Positive Group total revenue reached 7,292.5 million baht with construction backlog of about 2,400 million baht expected to be recognized through 2028.
PSGC.BK · Demand · Positive NT delivered 1.41 million tonnes of coal, exceeding plan, with revenue from coal sales and mining services to two major Vietnamese state-owned energy enterprises.
PSGC leads 10 mai stocks with H1 2026 net profit of up to 488 million baht
The Association of Listed Companies on the Market for Alternative Investment (maiA) has revealed the 10 companies on the mai market with the highest net profit in the first six months of 2026. PSGC took the top spot with a profit of 488 million baht, up 317% from the same period last year. UKEM posted a profit of 338 million baht, up 1,065%, the highest growth rate in the group, followed by KCC with a profit of 334 million baht, up 198%, and TRT with a profit of 290 million baht, up 262%. Ranking fifth to tenth are NTF with a profit of 276 million baht, up 67%; FSMART with a profit of 268 million baht, down 12%; XO with a profit of 238 million baht, down 15%; TACC with a profit of 203 million baht, up 33%; MEB with a profit of 191 million baht, down 10%; and FPI with a profit of 175 million baht, up 24%. Seven of the ten companies saw profit growth, while XO, FSMART, and MEB saw declines.
Mai stocks with strong profit growth: PSGC, UKEM, TRT, NDR, TRV, SICT worth watching
The Thai stock market remains volatile, but several stocks on the mai market have seen net profit surge due to fundamentals and business trends. PSGC is expanding its coal energy business, recognizing revenue from long-term G2G contracts between Laos and Vietnam. UKEM benefits from chemical inventory management and expansion of its bio line. TRT gains from government and private project deliveries, as well as the growth of data centers. NDR posted profits of 8 million baht in 2024, 21 million baht in 2025, and 34 million baht in the first half of 2026, driven by premium products and recovering export markets. TRV has good cost management, higher margins, and is expanding into the medical industry. SICT, the developer of the SIC brand microchips, posted a first-half profit of 62 million baht and a full-year 2025 profit of 80 million baht. However, investors should be cautious about liquidity and short-term price fluctuations.
PSGC registers capital reduction to 2.23 billion baht, completed 17 August
PSG Corporation Public Company Limited, or PSGC, registered a reduction of its registered and paid-up capital to 2,225,768,430 baht with the Department of Business Development, Ministry of Commerce, on 17 August 2026, following the resolution of the 2026 Annual General Meeting of Shareholders held on 28 April 2026. The capital reduction was carried out by lowering the par value of shares from 2 baht per share to 1 baht per share, with the difference used to offset the discount on share capital. The total number of ordinary shares remained unchanged at 2,225,768,430 shares. The creditor objection period ended on 2 August 2026.
PSGC shares surged 15.45% after the company reported second-quarter results for fiscal 2026, with net profit of 359.3 million baht, up from 19 million baht in the second quarter of 2025, and total revenue of 4.69 billion baht, an increase of 605.7% from the same period last year. This brought first-half 2026 total revenue to 7.29 billion baht, up 458%, and net profit to 626.7 million baht, up 432%. The main drivers were continued revenue recognition from the energy resources supply chain business through Nam Tien Limited Liability Company, or NT, for a second consecutive quarter, and revenue from construction projects in Laos. Chief Executive Officer David Van Dauw said the company is confident that 2026 revenue will exceed 10 billion baht and expand to more than 20 billion baht per year by 2035.
ASEAN Weekly Roundup: Indonesia's Central Bank Governor Resigns, Singapore Tightens Monetary Policy for Second Time
This week in the ASEAN region saw several key developments. Bank Indonesia Governor Perry Warjiyo abruptly resigned, weakening the rupiah and raising investor concerns over central bank independence. Meanwhile, the Monetary Authority of Singapore tightened monetary policy for the second consecutive time to counter inflation risks from surging oil prices. Indonesia's stock market recovered into bull territory after the JCI index rebounded more than 10% from its June low. Philippine commercial banks increased loan-loss provisions by 32% to 111.3 billion pesos, the highest in 18 years, to cushion against risks from the Middle East conflict. Vietnam is accelerating the upgrade of its diamond market with a digital tracking system after busting a network smuggling over 28,000 diamonds worth 10.6 million US dollars. Malaysia disclosed that Myanmar has agreed to take back 5,000 Rohingya refugees amid regional tensions. PSG Corporation signed an agreement with a Lao state power enterprise to study converting existing hydropower plants into pumped-storage systems. The Philippines is preparing to adjust bond pricing criteria to global standards for inclusion in the JPMorgan index by 2027. Amata VN sold its entire stake in Amata Township Long Thanh for 632 million baht. Singapore saw layoffs surge 17% in the second quarter to 4,500, the highest since COVID-19. And Myanmar's military junta leader Min Aung Hlaing confirmed no rush to reconcile with ASEAN, while announcing a five-year economic development plan aiming to double GDP.
PSGC Partners with EDL and Lao Government to Study Pumped-Storage Hydropower, Strengthening ASEAN Energy Stability
PSG Corporation Public Company Limited, or PSGC, has signed a memorandum of understanding with Electricité du Laos and the government of the Lao PDR to study the feasibility of retrofitting existing hydropower plants into pumped-storage systems and developing new projects. Pumped-storage hydropower is seen as a key utility-scale energy storage technology capable of delivering large volumes of power continuously over long durations, helping to stabilise electricity systems that increasingly rely on renewable energy. The International Energy Agency expects pumped-storage capacity to remain significantly higher than battery storage by 2030, accounting for 30 percent of net new hydropower capacity additions worldwide. The Lao PDR is the region's largest hydropower exporter and has infrastructure ready for expansion, targeting total electricity exports of 20 gigawatts by 2030. PSGC views this project as a medium- to long-term strategic investment that requires comprehensive feasibility studies and close collaboration with the public sector from the very beginning.
Laos
Vietnam
Thailand