TEAM Consulting Engineering and Management Public Company Limited

TEAMG disclosed that flooding in many areas is creating business opportunities for the company. Chavalit Chantarat, Chief Executive Officer of Team Consulting Engineering and Management Public Company Limited, or TEAMG, told Than Hoon that the company has expertise in designing and managing drainage systems, giving it opportunities to win new work with government agencies such as the Royal Irrigation Department, Bangkok Metropolitan Administration, and the Department of Water Resources, especially in eastern Bangkok, where the company designed Phase 1 of the Bueng Nong Bon monkey-cheek project and is monitoring Phase 2 of the Bueng Nong Bon project, which has already received government budget approval. As for the Pa Sak–Gulf of Thailand drainage canal construction project, a massive undertaking with a budget in the hundreds of billions of baht, the company will carefully consider opportunities to take part, focusing on projects where it has expertise and a track record of prior design work. The company aims to pursue large infrastructure investment projects under the budget plan approved by parliament, particularly the southern double-track railway project heading toward the Thai-Malaysian border town municipality, several sections of which the company previously designed, and it is also proposing designs for pipes and drainage channels beneath railways in flood-hit areas such as Hat Yai district. As for its order backlog, in the third quarter of 2026 alone it stands at at least 4.85 billion baht, in line with its target, with the company expecting to secure no less than 1.5 billion baht in new work in both the third and fourth quarters of 2026, supporting its goal of 10% or more revenue growth in 2026.

Yuanta Securities said today's Cabinet meeting has three interesting issues to watch. The first is the allocation of central budget funds for flood relief worth 2 billion baht. The second is infrastructure investment to build flood drainage channels that bypass the inner city, worth 160 to 200 billion baht, which is expected to be positive for the construction contractor, construction materials, and TEAMG groups. The third is a household solar project covering 1 million households, plus Smart Grid and Smart Meter, worth 70 billion baht under the 200 billion baht emergency loan decree to restructure energy. The research team views these issues as positive for GUNKUL, SSP, TRT, AKR, FORTH, and SAMART, among others.

Team Consulting Engineering and Management Public Company Limited, or TEAMG, disclosed that its current accumulated backlog stands at approximately 4.85 billion baht, slightly above the target set for the third quarter of 2026, driven by government agencies that have accelerated work and budget disbursement for projects carried over from the second quarter of 2026 to complete them before the end of the fiscal year. Chawalit Chantarat, the company's Chief Executive Officer, said the company has prepared documents and tracked bidding projects in full and is ready to submit proposals as soon as an official announcement is made. He expects that in the fourth quarter of 2026, the volume of construction work and newly opened government bids will increase significantly as the 2027 fiscal year begins, and that the company has an advantage because it had previously served as the feasibility study or design consultant for many projects. The company has set a target of securing new work worth no less than 1.5 billion baht during the third and fourth quarters of 2026, and it maintains its target of revenue growth of 10% or more for 2026.

Construction contractor stocks are supported by strong second-quarter 2026 results, with STECON posting net profit of 910.96 million baht, up 77.89% from 512.08 million baht a year earlier. PYLON reported net profit of 80.15 million baht, up 36.37% from 58.78 million baht. RT had net profit of 25.22 million baht, up 91.77% from 13.15 million baht in the same period last year. TEAMG posted net profit of 60.98 million baht, up 29.32% from 47.16 million baht. These results reflect the gradual recovery in construction activity and revenue recognition from ongoing projects. A key supporting factor is the acceleration of government budget disbursement. The Ministry of Finance revealed that from the start of the fiscal year to August 31, 2026, the government has disbursed 3.39 trillion baht of the annual budget for 2026, representing 89.64% of the total budget of 3.78 trillion baht. Meanwhile, investment trends in data centers and AI are expected to be a major driver, with cumulative applications for investment promotion in digital infrastructure exceeding 1 trillion baht, potentially generating construction and systems work worth about 150 billion baht over the next 2-3 years. STECON is one of the contractors likely to benefit directly, while PYLON will benefit from increased demand for foundation works.

Team Consulting Engineering and Management, or TEAMG, reported second quarter net profit of 61 million baht, up 29% from the same period last year, with revenue of 635 million baht, up 19%. For the first six months of 2026, the company posted total revenue of 1.266 billion baht, up 22%, and net profit of 111 million baht, up 18%. Chief Executive Officer Chavalit Chantararat said backlog at the end of the second quarter reached 5.988 billion baht, up 3% from the end of 2025, supported by the phase two construction of the new zoo project under the Zoological Park Organization of Thailand under Royal Patronage, through the RSDT Consortium joint venture, with a total contract value of 4.335 billion baht, in which the company holds a 10% stake, equivalent to 434 million baht, and construction supervision consulting for the light red line suburban railway project, Siriraj to Taling Chan to Salaya section, plus three additional stations, with a total contract value of 392 million baht, in which the company holds a 66% stake, equivalent to 258 million baht. EPC-related business expanded 114% to revenue of 495 million baht, while consulting, study, design and construction supervision for infrastructure remained the main revenue driver, with public sector work accounting for 71%. The company targets securing at least 1 billion baht in new work in the second half of the year.

TEAMG expects revenue from its data centre business to double in 2027, reaching 100 million baht per year, up from around 50 million baht this year, leveraging its strengths in local area knowledge, location, and expertise in water, electricity, and the environment in Thailand. Chief Executive Officer Chawalit Chantararat revealed that the company is in talks with True Group, which plans to seek loans to invest 60 to 70 billion baht in data centres, and has partners from Hong Kong and Singapore with large-scale project expertise to enhance its capabilities. Currently, TEAMG has begun providing construction supervision and quality inspection services for a data centre project of a global company in Chonburi province, covering an area of about 100 rai with a total capacity of 86 megawatts. Meanwhile, its backlog stands at over 4 billion baht, and it aims to secure at least 1.5 billion baht in new work during the second half of 2026.

The Cabinet has approved the draft Big Data Strategy for 2025 to 2027, Thailand's first such plan, which will serve as a framework to drive the use of data and artificial intelligence to enhance the economy and public administration. The target is for the economic value from big data to grow by no less than 35% by 2027 and to push Thailand into the top 25 countries globally in big data utilization. On the tax front, the government has extended the 7% value-added tax rate for another year, from October 1, 2026 to September 30, 2027, to ease the cost of living and stimulate spending, providing a direct boost to retail and consumer goods stocks. Meanwhile, the meeting of the National Broadcasting and Telecommunications Commission board had to be postponed due to lack of a quorum, delaying consideration of key agendas such as the Digital TV Roadmap and the National Streaming Platform. Digital TV operators must continue to wait for clarity. In the capital market, Stecon Group Public Company Limited, or STECON, is preparing to offer three-year bonds with an annual interest rate of 3.30% between August 3 and 5, after receiving a BBB+ rating with a stable outlook from TRIS Rating, to fund new business expansion and reduce volatility in its construction contracting business. Team Consulting Engineering and Management Public Company Limited, or TEAMG, is gearing up to capture investment in data centers, having recently secured a contract to supervise and inspect the systems of a data center project for a global company in Chonburi province.

TEAMG has begun providing construction management and quality inspection services for a data center project of a global company in Chonburi province, with a total capacity of 86 megawatts. The project sits on approximately 100 rai of land, divided into two phases, comprising data hall buildings, a substation, a cooling plant, and a generator plant. Dr. Pasakorn Kitiyodom, Executive Vice President, stated that the company is ready to support the growth of Thailand's data center industry through the expertise of its subsidiaries in construction management and infrastructure system consulting.

MTC has signed a 70 million US dollar social loan facility with Bank of China Hong Kong Limited and Bank of China Thai Public Company Limited under the Social Bond Framework, to support equitable access to funding for micro-entrepreneurs and promote sustainable food security. Meanwhile, TEAMG is expanding into new markets by entering the data center and digital economy sectors through two subsidiaries, starting with the construction supervision and system testing of a world-class 86-megawatt data center on a 100-rai site in Chonburi province, and serving as a consultant to drive future investments, which is expected to become a new long-term revenue stream. At the same time, Globlex Securities expects the Thai stock market to move sideways down this week within a range of 1,600 to 1,650 points, pressured by surging crude oil prices after attacks on oil tankers in the Red Sea, and recommends five fundamentally strong stocks: ADVANC, AOT, BH, GULF, and KBANK.

A joint venture led by TEAMG has secured the construction supervision contract for the suburban railway project on the Light Red Line, covering the Siriraj–Taling Chan–Salaya section and three additional stations, with a contract value of 392 million baht. TEAMG holds a 66 percent stake, equivalent to 258 million baht. The contract was signed with the State Railway of Thailand on 22 July 2026. This project is one of the government's urgent priority rail infrastructure projects, with a total construction budget of 15.176 billion baht, a distance of approximately 20.49 kilometres, covering nine railway stations, and a target to open for service by 2029.

The board of TACC has approved the transfer of its securities from the Market for Alternative Investment to the Stock Exchange of Thailand, along with the appointment of Khun Traithip Sivakriskul as Co-CEO, effective July 16. The company will also change the method of disposing of 8 million treasury shares to an offering to directors and employees. Meanwhile, UNIX is investing over 100 million baht in new machinery to support the film industry and expand into overseas markets such as Japan, the Philippines, India, and the Middle East, under a sustainable growth approach. In addition, a joint venture consortium led by TEAMG has secured a construction supervision contract for the Light Red Line suburban railway project, covering the Siriraj–Taling Chan–Salaya section and three additional stations, with a total contract value of 392 million baht. TEAMG holds a 66 percent stake, equivalent to 258 million baht, and the project is targeted to open for service by 2029.