Stecon Group is likely the best play on Thailand's new construction cycle, ttb wealth securities' Saksid Phadthananarak says in a research report. Potential new work could come from a likely government tender this year for cabinet-approved projects worth 243 billion baht, the analyst notes. Management has also expressed confidence in bidding for private projects worth 74 billion baht. The brokerage lifts its 2026-2028 new-order assumptions for the Thai construction company by 10%-11%. It raises the stock's target price to 19.00 baht from 16.00 baht, with an unchanged buy rating. Shares last closed at 15.80 baht. (ronnie.harui@wsj.com)
Stecon Group Likely Best Play on Thailand's New Construction Cycle — Market Talk
Earlier from Stecon Group Public
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