Construction Materials

The research team at Asia Plus Securities has maintained its Buy recommendation on Siam Cement Public Company Limited, or SCC, with a fair value of 310 baht per share. It views the restart of the olefins plant of Rayong Olefins, or ROC, on 17 September 2026, after a temporary shutdown since March, as helping to reduce uncertainty in the petrochemical business and as a key factor supporting the major maintenance shutdown plan of the Map Ta Phut Olefins plant, or MOC, later this year, allowing SCC to maintain continuity in delivering products to customers. Meanwhile, the fourth quarter of the year is normally the low season for the industry, so the risk of a significant decline in sales volume is limited, supporting the view that ROC has a chance to operate continuously after this restart. Value drivers going forward also come from improving operational efficiency through the LSPE Ethane and CBM Transformation projects, as well as the opportunity to create synergies from cooperation between SCGC and PTTGC in the olefins and polyolefins businesses, which is expected to become clearer by the end of September. The research team views that if such a deal leads to the consolidation of production capacity and improved asset management efficiency as the market expects, it would enhance the competitiveness of Thailand's petrochemical industry in the long term and create greater flexibility amid global industry oversupply. Although pressure remains from new production capacity gradually entering the market during 2027-2028, the creation of synergies and improved operational efficiency could help alleviate pressure on margins and support a recovery in earnings going forward.

Yuanta Securities issued an analysis of Tipco Asphalt Public Company Limited, or TASCO, stating that the resumption of crude oil imports from Venezuela opens long-term upside, but the third-quarter outlook remains challenging. The firm said asphalt sales volumes will slow both quarter-on-quarter and year-on-year, weighed down by weak domestic sales as the country enters the rainy season and as government budget disbursements slow toward the end of fiscal year 2026. Even so, remaining investment budgets awaiting disbursement are still as high as 239 billion baht, or 31% of the total investment budget. Overseas sales were flat to slightly weaker, as international asphalt prices rose above 700 US dollars per tonne, the highest in 10 years, prompting customers to delay orders. The company maintained its 2026 sales target of 1.1 to 1.2 million tonnes, having already achieved 0.53 million tonnes in the first half, or roughly 44% to 48% of the full-year target. Its construction contracting business is expected to be steady compared with the second quarter, with management maintaining its target of recognizing about 2.5 billion baht in revenue in the second half of 2026, up 88% half-on-half and 117% year-on-year, and with a backlog of 6.2 billion baht at the end of the second quarter of 2026. As for Venezuelan crude imports, the company brought in its first lot of 600,000 to 700,000 barrels in late July 2026 and its second lot of 800,000 to 900,000 barrels in mid-August 2026. Both were lot-by-lot contracts arranged through intermediaries, not long-term contracts directly with PDVSA. The resumption of these imports will lift asphalt yield by about 10% to 15% compared with using crude from other sources. The research team maintained its 2026 profit forecast at 1.563 billion baht, up 57.3% year-on-year, and its 2027 forecast at 1.935 billion baht, up 23.8% year-on-year. It also maintained its end-2027 fair value of 19.40 baht and expects a 2026 dividend of 1.00 baht per share, a dividend yield of 5.9%, and therefore kept its buy recommendation.

Shares of Siam Cement Public Company Limited, or SCC, rose 2.70% to 266.00 baht after the company announced the restart of production at its ROC plant, which has an olefins production capacity of about 1.35 million tonnes per year, from September 17, 2026, after it secured sufficient feedstock from sources outside the Middle East, such as Malaysia, Africa and other sources, for continuous production. SCC is targeting a combined utilisation rate with its MOC plant, which has a capacity of about 2.05 million tonnes per year, of more than 80%, close to pre-war levels. Krungsri Securities Public Company Limited, or KSS, said the restart of ROC within the late third quarter of 2026 was in line with the company's target, and maintained its "buy" recommendation on SCC with a 2027 target price of 315 baht, naming it one of its top picks, and expects SCC's normal profit in 2026-2028 to grow by an average of 110% per year.

Shares of Siam Cement Public Company Limited, or SCC, rose 3.09% to 267 baht, up 8.00 baht, leading the Thai stock market after the company resumed production at its Rayong Olefins plant, or ROC, from September 17, 2026, as planned, following the sufficient procurement of feedstock from outside the Middle East, such as Malaysia, Africa and other sources, for continuous production. Krungsri Securities, or KSS, maintained its Buy recommendation and a 2027 target price of 315 baht per share, from a closing price of 259 baht, representing an upside/downside of +22%, and kept SCC as one of its Top Picks. KSS views the resumption of ROC production as reflecting the company's ability to operate and generate profit even amid volatile feedstock prices, and the lifting of force majeure may signal that the study of a joint venture in the olefins business with PTTGC may have options that do not require reducing plant utilization rates. ROC has an olefins production capacity of 1.35 million tons per year, while the MOC plant has a capacity of 2.05 million tons per year, with the company targeting a combined production rate at ROC and MOC of more than 80%, close to the level before the war. KSS expects SCC's normal profit at 18.892 billion baht in 2026, 23.895 billion baht in 2027 and 34.14 billion baht in 2028, or growth of 409.04% in 2026, 26.48% in 2027 and 42.88% in 2028, while it expects EBITDA at 51.109 billion baht, 55.156 billion baht and 66.404 billion baht respectively, and forecasts sales volume growth averaging 10% in 2026-2028 from the LSP plant, with the ethane project expected to start commercial operation in the second half of 2027.

SCC shares rose 2.70%, or 7.00 baht, to 266.00 baht at 10:10 a.m., with trading value of 308.35 million baht, from an opening price of 262.00 baht, a high of 266.00 baht and a low of 261.00 baht, after Rayong Olefins Company Limited, or ROC, resumed production at its olefins plant from 17 September 2026 following the lifting of force majeure. Krungsri Securities views the production restart as positive, reflecting a profitable production outlook despite volatile feedstock prices and an uncertain supply chain from the Middle East war, and it may also signal that the study of a JV in the olefins business with PTT Global Chemical, or PTTGC, may have options that do not require cutting production capacity, in order to capture benefits during the recovering petrochemical margin cycle. Krungsri maintained its buy recommendation on SCC with a 2027 target price of 315 baht per share, and it is one of its top picks, with normal profit for 2026-2028 expected to grow at a 110% CAGR, benefiting notably from the petrochemical industry's recovery cycle, with greater cost competitiveness after the ethane project starts COD in the second half of 2027, and as the only player in the petrochemical group expanding production capacity, with sales volume expected to grow an average of 10% in 2026-2028.

Siam Cement Public Company Limited, or SCC, has announced it will restart production at its ROC plant, which has an olefins capacity of 1.35 million tonnes per annum, from 17 September 2026, after securing sufficient feedstock outside the Middle East from Malaysia, Africa and other sources to sustain continuous production. The company is targeting an overall production rate, or u-rate, across the MOC plant, which has a capacity of 2.05 million tonnes per annum, of more than 80%, close to pre-war levels. Krungsri Securities views the restart of the ROC plant by the end of the third quarter of 2026, in line with the company's target, as positive, because it reflects the prospect of profitable operations even with volatile feedstock prices, and the lifting of force majeure may signal that the study of a joint venture in the olefins business with PTTGC has options that do not require cutting production runs at the plants. Krungsri Securities maintains a Buy recommendation with a target price of 315 baht for 2027 and lists the stock as one of its top picks, expecting average sales volume growth of 10% in 2026-2028 from the LSP plant and normalised profit growth of 110% CAGR in 2026-2028.

Siam Cement Public Company Limited, or SCC, announced that Rayong Olefins Company Limited, or ROC, has completed the restart of its olefins plant on 17 September 2026, after a temporary shutdown caused by the situation in the Middle East region. Thammasak Sethaudom, President and CEO of SCC, said ROC had successfully begun the plant restart process after assessing operational readiness and safety standards. An analysis by Bualuang Securities views the news as positive, because ROC's restart will help offset the reduced olefins production capacity of the Map Ta Phut Olefins plant, or MOC, which will decline due to planned maintenance shutdown in the fourth quarter of 2026, keeping olefins output in the fourth quarter of 2026 roughly flat compared with the third quarter of 2026 and helping preserve the company's profitability during that period. The broker maintained its Buy recommendation with a target price of 332 baht.

Siam Cement Group, or SCC, informed the Stock Exchange of Thailand that the olefins plant of its subsidiary Rayong Olefins, or ROC, has resumed normal operations on 17 September 2026 after a temporary shutdown since March due to a force majeure event resulting from Naphtha feedstock supply problems following the closure of the Strait of Hormuz. The operating rate is expected to gradually return to 80-85%, close to the level before the conflict. Research from Asia Plus Securities views ROC's restart as a key factor supporting the major maintenance shutdown plan of the MOC plant later this year, allowing SCC to maintain continuity in delivering products to customers. Another issue to monitor is the progress of the feasibility study on cooperation between SCGC and PTTGC in the olefins and polyolefins business, which is expected to become clearer by the end of September. The research team maintains a buy recommendation with a fair value of 310 baht per share, viewing ROC's restart as helping reduce uncertainty in the petrochemical business, while the next value drivers come from the LSPE Ethane and CBM Transformation projects, as well as the opportunity to create synergies from the cooperation between SCGC and PTTGC.

The Siam Cement Public Company Limited, or SCC, announced that the olefins plant of its subsidiary Rayong Olefins Company Limited, or ROC, successfully began its restart process on 17 September 2026, after a temporary shutdown caused by the situation in the Middle East. The company had notified the Stock Exchange of Thailand on 10 March 2026 and had completed its assessment of operational readiness and safety standards. Analysts at Asia Plus Securities view ROC's restart as a key factor supporting the planned major maintenance shutdown of the MOC plant later this year, allowing SCC to maintain continuity in delivering products to customers. Meanwhile, the fourth quarter of 2026, normally the industry's low season, carries only limited risk of lower sales volumes, supporting the view that ROC has a chance to operate continuously after this restart. Another issue to watch is progress in the study of cooperation between SCGC and PTTGC in the olefins and polyolefins businesses, which is expected to become clearer by the end of September. If it leads to a consolidation of production capacity and improved asset management efficiency as the market expects, it would help raise the competitiveness of Thailand's petrochemical industry over the long term, even though pressure remains from new capacity gradually entering the market during 2027-2028. The research team maintains its Buy recommendation with a fair value of 310 baht per share, viewing ROC's restart as helping to reduce uncertainty in the petrochemical business, while the next value drivers come from the LSPE Ethane and CBM Transformation projects and the potential for synergies from cooperation between SCGC and PTTGC.

Siam Cement Group, or SCC, announced that Rayong Olefins Company Limited, or ROC, successfully began restarting its olefins plant on 17 September 2026, after completing assessments of operational readiness and safety standards. SCC had notified the Stock Exchange of Thailand on 10 March 2026 that it had temporarily halted operations at ROC's olefins plant due to the situation in the Middle East region.

Siam Cement Group, or SCC, has notified the Stock Exchange of Thailand that Rayong Olefins, or ROC, successfully began restarting its olefins plant on 17 September 2026, after completing assessments of operational readiness and safety standards. The restart follows a temporary shutdown of the plant on 10 March 2026, a halt of approximately six months. The shutdown was caused by the situation in the Middle East. Thammasak Sethaudom, President and CEO of Siam Cement Group, reported the information to the Stock Exchange of Thailand.

Siam Cement Public Company Limited, or SCC, disclosed that the olefins plant of its subsidiary Rayong Olefins Company Limited, or ROC, successfully began its restart process on 17 September 2026. Thammasak Sethaudom, President and CEO of SCC, said the restart came after the company had completed an assessment of operational readiness and safety standards. Previously, on 10 March 2026, SCC notified the Stock Exchange of Thailand that ROC had temporarily halted operations at the olefins plant due to the situation in the Middle East.

Siam Cement Public Company Limited, or SCC, has notified the Stock Exchange of Thailand that Rayong Olefins Company Limited, or ROC, has begun the process of restarting its olefins plant and was able to complete the operation successfully on 17 September 2026, after having previously suspended operations at the plant on a temporary basis. SCC had informed the stock exchange on 10 March 2026 that the shutdown was a result of the impact of the uncertain situation in the Middle East region. This restart took place after an assessment of operational readiness and safety standards had been completed. SCC stated that it reflects the company's readiness to return to normal production operations after passing readiness checks in all areas, particularly operations and safety.

Siam Cement Public Company Limited, or SCC, has announced that Rayong Olefins Company Limited, or ROC, has begun the process of restarting its olefins plant and completed the restart successfully on 17 September 2026, after a temporary shutdown of more than 190 days due to the situation in the Middle East region. The restart came after ROC had assessed operational readiness and safety standards. Previously, on 10 March 2026, SCC notified the Stock Exchange of Thailand of the temporary shutdown of the olefins plant because of that situation, and ROC began the restart process on 17 September 2026 and was able to complete the restart successfully, as the company reported to the Stock Exchange of Thailand.

SCG Decor Public Company Limited, or SCGD, has announced a five-year plan targeting EBITDA of 4.5 billion baht and a doubling of earnings per share by 2032, with a near-term EBITDA goal of 3.5 billion baht in 2028. The plan rests on three key approaches: expanding into new product businesses, improving profitability by centralising production in ASEAN, and capturing growth opportunities in Vietnam while making Vietnam the region's production and export hub. Chief Executive Officer and President Namphon Malichai said the company has delivered strong operating results and steadily improved its profitability over the past three years. New product groups have seen sales grow by more than 90% over the past four years, and the company has formed a joint venture in Smart Toilets with AXENT, a world-leading smart sanitary ware manufacturer from China. In Thailand, SCGD is carrying out a Plant Consolidation project to centralise production of ceramic tiles and glazed porcelain, expected to be completed in the third quarter of 2027 and to generate additional EBITDA of about 380 million baht per year once fully operational. In Vietnam, SCGD has positioned the country as both a production and export base, with PRIME Vietnam leading the tile business with more than 25 years of understanding Vietnamese consumers, over 5,000 SKUs, and the Top Influential Brand 2025 award.

Smith-Midland Corporation has secured a $2.2 million contract to manufacture and supply precast concrete products for a new operations and office facility at Newport News Shipbuilding in Newport News, Virginia. Under the award, the NASDAQ-listed company will produce SlenderWall architectural precast panels, architectural precast components, and precast stair systems for the facility, which will support U.S. Navy aircraft carrier inactivation programs. Smith-Midland will manufacture the products at its Midland, Virginia, facility, with production scheduled to begin in October 2026 and installation expected to commence in November 2026, working alongside Hourigan Construction. Matthew Smith, Vice President of Sales and Marketing, said the contract reinforces the company's long-term strategy of expanding its presence in mission-critical, government, and industrial construction. The project features SlenderWall insulated panels with a custom color design and an acid-etched architectural surface, along with precast stair towers and stair risers.

J.P. Morgan analysts issued Buy ratings on two stocks outside the market's usual favorites, sustainable womenswear brand Reformation and construction materials supplier Martin Marietta Materials. Analyst Matthew Boss rates Reformation Overweight with a $21 price target, implying a 60% one-year gain, citing mid-to-high-teens revenue growth, a 90% direct-to-consumer revenue mix, and gross margins above 60%. Reformation, which went public on July 30 at $15 per share and raised $210.9 million in gross proceeds, reported fiscal 2Q26 revenue of $155.2 million, up 24.1% year-over-year, and EPS of $0.23, and guided full fiscal 2026 net revenue to $602 million to $606 million. Analyst Adrian Huerta rates Martin Marietta Overweight with a $680 price target, a 35% gain, after the company completed its $13.5 billion acquisition of Lhoist North America, funded with $7 billion in cash and $6.5 billion in stock. Huerta expects $85 million in cost synergies by year two and $100 million to $175 million in commercial EBITDA upside, noting the lime business will be roughly 23% to 25% of Martin Marietta's operations. Martin Marietta reported 2Q26 revenue of more than $1.9 billion, up 21% and a company record, with adjusted earnings per diluted share from continuing operations of $5.

SCG presented its Public-Private-People Partnership (4P) model and its Area-based Approach through the case study of the Saraburi Sandbox on two major stages: GCNT EXPO 2026, under the theme "From SHOCK to SHIFT – Thailand's Sustainable Transition in a Fractured World," and a panel discussion at The Bangkok Business Summit 2026: Reinvent Thailand, Resilient ASEAN. Thammasak Sethaudom, President and CEO of SCG, said that SCG began its transition to a low-carbon economy by tackling carbon reduction in its cement business, an industry that is hard to decarbonize. The company therefore developed technologies in its production processes, such as replacing nearly 50% of coal with biomass fuels and lowering production temperatures, while maintaining product efficiency, strength, and durability. SCG expanded its collaboration from the business level to the industry level through the Thai Cement Manufacturers Association, or TCMA, together with the Saraburi Provincial Industrial Council and Saraburi Province, to develop the Saraburi Sandbox as a model low-carbon city area, covering waste management, the use of agricultural residues, expansion of green spaces, and promotion of eco-tourism. The Saraburi Sandbox has gained global recognition, having been selected to join the World Economic Forum's Transitioning Industrial Clusters Initiative and featured as an ASEAN case study in the WEF White Paper 2026, while also expanding cooperation with Princeton University, the GCCA, and UNIDO on energy transition, technology, and green finance. Thammasak said the next goal is to apply the lessons from the Saraburi Sandbox's 4P model to suit the context of each area, in order to accelerate the transition to a low-carbon economy nationwide.

SCG presented its Public-Private-People Partnership model, or 4P, and its area-based approach through the Saraburi Sandbox case study on two major stages: GCNT EXPO 2026 and a panel discussion at The Bangkok Business Summit 2026. Thammasak Sethaudom, President and CEO of SCG, said the company began cutting carbon in its cement business, an industry that is hard to decarbonise, by replacing nearly 50% of coal with biomass fuel and lowering temperatures in the production process. SCG expanded the collaboration to the industry level through the Thai Cement Manufacturers Association, together with the Saraburi Provincial Industrial Council and Saraburi Province, to develop the Saraburi Sandbox as a model low-carbon city area, covering waste management, the use of agricultural residues, expansion of green spaces, and promotion of eco-tourism. The Saraburi Sandbox was selected to join the World Economic Forum's Transitioning Industrial Clusters Initiative and was featured as an ASEAN case study in the WEF White Paper 2026, while cooperation was expanded with Princeton University, the GCCA, and UNIDO on energy transition, technology, and green finance. The next goal is to apply the lessons from the Saraburi Sandbox's 4P model to suit the context of each area in order to accelerate the transition to a low-carbon economy nationwide.

Hoffmann Green Cement Technologies reported first-half 2026 revenue of €6.6 million, up 86.7% from €3.5 million a year earlier, as sales of its 0% clinker cement reached nearly 40,000 tonnes, a 104% increase over the first half of 2025 and nearly five times the volume of the first half of 2024. The company said the first tangible effects of mass production generated €2.9 million in raw material savings during the half, a figure it projects will reach €7.5 million by 31 December 2026. EBITDA was virtually stable at -€5.9 million against -€5.7 million a year earlier, while net loss widened to -€9.2 million from -€8.4 million, and cash and cash equivalents stood at €5.1 million at 30 June 2026 with shareholders' equity of €51.2 million. Internationally, Hoffmann Green signed an exclusive preliminary agreement with Dutch ready-mixed concrete producer Bruil with a view to a licensing contract in the Netherlands, and completed its first United States construction project using 0% clinker concrete for Marquis Inc. The company confirmed its 2026 production target of 100,000 tonnes, an operational break-even target by the end of 2027, and its 2030 ambitions of roughly 1,000,000 tons of production and €150 million in revenue.

SCG Decor or SCGD has announced its 5-year target to boost EBITDA to 4.5 billion baht and double earnings per share by 2031. It has set an investment budget of 6 billion baht, excluding acquisition plans. Mr. Nampol Malichai, Chief Executive Officer and Managing Director, revealed that the company has strong performance, with net profit margin increasing from 2.9% to 3.5% and 3.8% over the past three years, and a low debt-to-EBITDA ratio of only 1.1 times. Meanwhile, it will pay dividends of 60% of profits in 2025 and the first half of 2026, higher than the minimum policy of 35%, providing a dividend yield of 7%. The main strategy consists of three models: adding new products and expanding distribution channels, consolidating production in ASEAN to enhance profitability, and using Vietnam as a production and export hub. Notably, new product groups have grown over 90% in four years, and the production consolidation project in Thailand is expected to be completed in the third quarter of 2027, generating an additional 380 million baht in EBITDA annually.

SCGD has announced a five-year plan targeting EBITDA of 4.5 billion baht and aiming to double earnings per share by 2031. CEO Namphon Malichai revealed that the company will accelerate expansion in Malaysia and use Vietnam as an export hub, under three main strategies: expanding new products and sales channels, consolidating production in Thailand to improve efficiency, and promoting Vietnam as a base for tile production and export, especially the PRIME brand, which has been in business for over 25 years. The production consolidation project is expected to be completed in the third quarter of 2027 and will increase EBITDA by approximately 380 million baht per year. The near-term goal is to raise EBITDA to 3.5 billion baht by 2028.

Finansia Syrus Securities expects the establishment of a joint venture (JV) between SCGC, under SCC, and PTTGC to become clearer this September, which will be a factor supporting SCC shares. The JV will help increase business scale and efficiency by combining the strengths of both parties. Meanwhile, it is expected that the Rayong Olefins plant (ROC) will resume operations in September 2026 after a temporary halt due to force majeure, helping reduce fixed cost burden. The ethane feedstock conversion project of LSP in Vietnam will be a medium-term driver from the second half of 2027, with ethane costs about $200 per ton lower than naphtha. The research department maintains a "Buy" recommendation and a target price of 312 baht, while expecting normal profit for 2026 at 26.6 billion baht, growing 89% from the previous year.

Chonburi Concrete Product Public Company Limited, or CCP, announced that it has a backlog of approximately 1.87 billion baht, with an expected revenue recognition of about 50–60% in 2026 and the remainder in 2027. The backlog includes data center projects, reflecting the company's expansion into digital infrastructure. Mr. Arthit DeepakornSukkasem, Managing Director, stated that the overall industry outlook for the second half of the year has improved, particularly in the EEC zone, driven by production base relocations and growing data center investments. The company is focused on developing low-carbon products to support projects prioritizing ESG, and is improving production processes with technology to increase capacity and control costs. Its subsidiary, CHARLIE, plans to expand its chemical container yard, with clarity expected in the second quarter of 2027. Additionally, in partnership with allies, it will assemble 30 electric trucks (EV Trucks) with a battery swap system, with service expected to begin in the fourth quarter of 2026. The company is confident that revenue in 2026 will grow by no less than 10%.

Mr. Arthit Teepakornsuksames, Managing Director of Chonburi Concrete Product Public Company Limited (CCP), revealed that the company has a backlog of approximately 1.87 billion baht, with expected revenue recognition of about 50-60% in 2026 and the remainder in 2027. The backlog includes work related to Data Center projects, reflecting opportunities to expand into digital infrastructure. Meanwhile, the overall construction industry outlook for the second half of 2026 is showing signs of improvement, especially in the EEC zone, driven by the relocation of production bases by foreign investors and accelerated government disbursement. The company focuses on Low Carbon products that meet international standards to support projects prioritizing ESG, and improves production processes with technology to reduce costs and increase capacity. For its subsidiary, Charlie Top Logistics Solution (CHARLIE), it is preparing to seize opportunities from the development of Laem Chabang Port Phase 3 and studying the addition of a chemical container yard, with clarity expected in the second quarter of 2027. It is also advancing its electric truck (EV Truck) business with a battery swap system, with the first battery swap station at Laem Chabang currently under assembly and 30 trucks ready for delivery, with services expected to begin in the fourth quarter of 2026, representing a new S-Curve. The company targets revenue growth of no less than 10% in 2026.

Mr. Arthit Teepakornsukkasem, Managing Director of Cholburi Concrete Products Public Company Limited (CCP), revealed that the company has a backlog of approximately 1.87 billion baht. It is expected that 50-60% of this will be recognized as revenue in 2026, with the remainder recognized in 2027. The backlog includes work related to Data Center projects, reflecting opportunities to expand into digital infrastructure, which is growing in line with increasing demand for data and digital technology. The company focuses on developing Low Carbon products that meet international standards to support projects prioritizing ESG and carbon reduction, increasing opportunities to secure large-scale projects, including Data Centers and future government work. Meanwhile, its subsidiary, Charlie Top Logistics Solutions Company Limited (CHARLIE), is preparing to capitalize on the development of the area around Laem Chabang Port Phase 3 and the plan to relocate Klong Toey Port. It is studying the construction of additional chemical container yards, with clarity expected in the second quarter of 2027. It is also preparing to build additional warehouses and focusing on long-term contracts of 10 years or more to generate recurring revenue. Furthermore, CHARLIE is expanding its EV Truck business with a battery swap system, with the first battery swap station at Laem Chabang. It is currently assembling and preparing to deliver 30 EV Trucks, with service expected to begin in the fourth quarter of 2026, which will be a New S-Curve to further its logistics business. Mr. Arthit stated that the company targets growth of no less than 10%, leveraging its strengths in personnel, technology, and automation to control costs and increase production capacity, while continuously bidding for projects nationwide.

Chonburi Concrete Product Public Company Limited, or CCP, has revealed that the overall construction and concrete product industry in the second half of 2026 is showing signs of improvement, particularly in the EEC area, which benefits from the relocation of production bases by foreign investors, accelerated government budget disbursement, and the expansion of the Data Center group. The company has a backlog of approximately 1.87 billion baht, expected to be recognized as revenue in 2026 at about 50-60%, with the remainder recognized in 2027. It is also adjusting its production lines to support Low Carbon products and increase production flexibility. Meanwhile, its subsidiary CHARLIE is preparing to expand its chemical container yard, with clarity expected in the second quarter of 2027, and is currently assembling 30 electric trucks (EV Trucks) with a battery swap system, expected to begin service in the fourth quarter of 2026. The company is confident that its 2026 revenue will grow by no less than 10%.

Siam Cement Group (SCC) is nearing the conclusion of its study on the merger of olefins and polyolefins businesses between its chemical arm, SCG Chemicals (SCGC), and PTT Global Chemical (PTTGC), expected within the third quarter of 2026. Analysts at Asia Plus Securities note that the market is focusing on the structure of the joint venture, including shareholding ratios, debt structure, and potential synergies. Meanwhile, approval from competition regulators remains a key factor that could affect the form and timeline of the transaction. The Rayong Olefins plant (ROC) has not yet resumed operations due to uncertainties in the Middle East, while SCGC continues to operate its MOC plant and focuses on high-value-added products to maintain margins. The research house views this collaboration as an opportunity to enhance asset utilization and boost the competitiveness of Thailand's petrochemical industry, despite potential short-term pressure from volatile energy and transportation costs in the second half of 2026. It recommends buying SCC shares with a fair price of 310 baht per share.

SCGD, or SCG Decor Public Company Limited, has announced a five-year plan targeting EBITDA of 4.5 billion baht and earnings per share (EPS) growth of two times by 2031. The plan focuses on three main strategies: expanding into new product businesses, consolidating production in ASEAN, and seizing growth opportunities in Vietnam, which will serve as the region's manufacturing and export hub. Mr. Nampol Malichai, Chief Executive Officer and Managing Director, stated that the company has strong operational performance and is ready to enter a new phase of growth despite challenges from a slowing domestic market and a stronger baht. Sales of new product groups have grown over 90% in the past four years, and the company has set a near-term EBITDA target of 3.5 billion baht by 2028.

Chonburi Concrete Product Public Company Limited (CCP) has revealed that it has a backlog of approximately 1.87 billion baht, with an expected revenue recognition of about 50-60% in 2026 and the remainder in 2027. This is supported by investments in data center projects and the development of the Eastern Economic Corridor (EEC), which will help drive revenue growth of at least 10% in 2026, in line with targets. The company is also focusing on developing low-carbon products to cater to projects prioritizing ESG, and improving production processes to increase capacity and control costs. Meanwhile, its subsidiary CHARLIE is preparing to expand its chemical container yard and warehouse to support the development of Laem Chabang Port Phase 3 and the planned relocation of Klong Toey Port, while also advancing its electric truck (EV Truck) business with a battery swap system, with plans to deliver 30 units and begin service in Q4 2026.

SCC, or Siam Cement Public Company Limited, has adjusted its plan to cope with the renewed conflict in the Middle East by increasing the proportion of raw material sourcing outside the Strait of Hormuz to about 80%, up from about 50%, to mitigate future risks. The company also confirmed its capital expenditure budget this year at 30 billion baht, with one-third allocated to improving the LSP project in Vietnam, which is the country's first integrated petrochemical complex. There are plans to accelerate construction to complete by mid-2027, earlier than the original end of next year. Meanwhile, EBITDA for 2026 is expected to exceed 56 billion baht, following 42.9 billion baht in the first half. Analysts from Yuanta Securities (Thailand) have given a "trading buy" recommendation with a target price of 290.00 baht, expecting 2026 profit of around 19 billion baht. They are also studying the feasibility of establishing a joint venture for the Olefins business between SCGC and PTTGC, with clarity expected in the third quarter of 2026.

Tianshan Materials Co., Ltd. announced that among the seven cement clinker production line capacity quotas transferred by its subsidiaries, five have been listed and sold, with a total transaction amount of approximately 156.8925 million yuan. The transferee is a subsidiary of Gansu Qilianshan Cement Group Co., Ltd., constituting a related-party transaction. Of the remaining two capacity quotas, the Hanzhong Sinoma Cement quota has not yet been listed because its appraisal report is over one year old, while the Yuncheng Zhonglian Cement quota is still listed. The capacity quotas transferred this time total 17,850 tonnes per day, equivalent to 5.355 million tonnes, with a total proposed listing amount of approximately 297.5265 million yuan. The impact of the completed transactions on disposal gains or losses has been separately reflected in the 2025 annual results and the first-quarter and half-year reports of 2026, subject to the final audited annual financial statements. From the beginning of the year to the disclosure date, the cumulative related-party transactions between the company and Qilianshan Cement and its subsidiaries amounted to approximately 1.224 billion yuan.

Siam Cement Public Company Limited (SCC) has revealed that its operating results for 2026 have a good chance of exceeding its targets. The company has set an Adjusted Cash EBITDA target of 56 billion baht, and in the first half of the year it has already achieved 42.913 billion baht. This is due to business restructuring and proactive risk management to cope with volatile oil prices and geopolitical factors, by reducing reliance on coal, increasing the use of biomass, and accelerating the pass-through of petrochemical costs from the previous 1-2 months down to 1-2 weeks. Meanwhile, investments in data centers and industrial plants have helped boost construction material sales by 3-4%, and the Long Son Petrochemicals project in Vietnam is expected to resume operations by mid-next year, generating an additional Adjusted EBITDA of approximately 9 billion baht per year.