A broker recommends buying STECON shares and has raised the target price by 8% to 22.28 baht, expecting 2027 revenue to surge to 5-6 billion baht, driven by large government projects and increased backlog clarity. Analysts at Kasikorn Securities have raised the value of potential projects from 4 billion baht to 6.9 billion baht, while the current backlog stands at 113 billion baht, after securing new work worth 2.9 billion baht in Q2 2026, with a full-year target of 7.9 billion baht, supported by data center projects nearing contract signing, and expects the investment cycle to remain strong for at least another two years.
STECON Group Public Company LimitedBroker upgrades to Buy and raises target price to 22.28 baht, citing strong revenue growth and backlog.
