Kijcharoen Engineering Electric PCL

Kijcharoen Engineering Electric Public Company Limited, or KJL, signals a return to business activity after passing its lowest point. Yuanta analysts expect second-quarter 2026 profit to recover nearly 49% from the previous quarter, with potential for continued growth in the third quarter. Meanwhile, new production capacity from the KJL Innovation Campus (KiN) is ready to meet demand for electrical cabinets, cable trays, and equipment related to solar rooftops and clean energy. The brokerage maintains a "Buy" recommendation with a target price of 9.80 baht.

Kijcharoen Engineering Electric Public Company Limited, or KJL, reported its second quarter 2026 results during an earnings call on the Stock Exchange of Thailand's online platform. Sales revenue was 335.17 million baht, up 8.86% from the previous quarter, and net profit was 38.38 million baht, up 49.51% from the previous quarter. For the first half of the year, revenue was 643.05 million baht, growing 12.11% from the same period last year, with net profit of 64.05 million baht. The company is moving forward with leveraging the KJL Innovation Campus, or KiN, to develop products and expand opportunities in new industries, while adopting Industry 4.0 and automated machinery to improve production efficiency and manage costs. KJL maintains its 2026 revenue growth target of 12 to 17 percent, and continues activities to bring together electrical professionals and solar roof professionals to enhance the knowledge and capabilities of electricians, engineers, and designers nationwide.

Kijcharoen Engineering Electric Public Company Limited, or KJL, has announced a dividend payment of 0.15 baht per share from its operating results for the period 1 January to 30 June 2026. The stock will trade excluding dividend on 19 August 2026, and the dividend will be paid to shareholders on 3 September 2026.

Analysts from Yuanta stated that the performance of Kijcharoen Engineering Electric Public Company Limited, or KJL, has passed its lowest point. They forecast that profit in the second quarter of 2026 will recover by nearly 49 percent from the previous quarter, with a continued growth trend in the third quarter as new production capacity from the KJL Innovation Campus, or KiN, is ready to operate at full capacity to meet demand for electrical cabinets, cable trays, and equipment related to solar rooftops and clean energy. The broker maintains a buy recommendation with a target price of 9.80 baht, along with the possibility of dividend payments.

Kijcharoen Engineering Electric Public Company Limited, or KJL, reported a 49.51% increase in second-quarter net profit from the previous quarter, reaching 38.38 million baht. It also raised its full-year revenue target to 1.25 to 1.32 billion baht, representing growth of about 12 to 17% from the previous year. Supporting factors include residential solar demand expected to expand around 10%, public-sector project investment, and product price adjustments that help maintain gross margins at 25 to 30%. The company is also accelerating its push into the data centre and electric vehicle markets to capture investment during 2027 to 2028, and expects the KJL Innovation Campus project to be completed within the third quarter.

KJL targets 2026 revenue growth of 12 to 17 percent, or approximately 1.25 to 1.32 billion baht, supported by the expansion of the clean energy, electric vehicle, and data center industries. Chief Executive Officer Kasemsan Sujiwarodom said demand for electrical system equipment, including switchboard cabinets and cable trays, is rising in line with these megatrends, especially for residential solar projects, EV charging stations, and data centers supporting AI processing, which consume massive amounts of electricity. The company also aims for medium- to long-term average annual revenue growth of 10 to 15 percent over the next five years, with a customer base spanning both public and private sectors, including key national infrastructure projects.