Construction stocks active, Q2 profits grow, STECON-PYLON stand out

โดย Kaohoon·TH·Read original
Summary · why it matters

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.

Impact on assets 4

Industrials▲ · 2 stocks
Artificial Intelligence▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks

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