Firetrade Engineering PCL

FTE is confident of continued growth in the second half of the year. It currently has a backlog worth approximately 760 million baht, over 80% of which is expected to be recognised as revenue this year. The company is also bidding for new projects worth a combined total of more than 1 billion baht, targeting a win rate of over 30%. It has raised its full-year revenue growth target to 30%, up from the previous 10%, after posting revenue of 1.44 billion baht in 2025. The company expects the revenue contribution from the data centre segment to increase to 30% of total revenue, or 300 to 500 million baht per year, from the current share of around 20% in general industrial factories. It also aims to grow recurring revenue from preventive maintenance services to at least 100 million baht per year within the next two to three years, while maintaining its policy of paying dividends twice a year. Last year, it paid approximately 0.09 baht per share each time, representing a yield of 8 to 9%.