Asia Plus recommends accumulating CK on the 2027 budget of 3.788 trillion baht

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Summary · why it matters

Asia Plus Securities recommends that investors accumulate CK shares, viewing the 2027 budget of 3.788 trillion baht, which has already passed parliament, as a factor supporting construction and infrastructure activity nationwide. The budget includes investment spending of as much as 789 billion baht, or 20.8% of the total, along with plans to push forward 262 transport projects and nearly 395 billion baht in local budgets. Large construction contractors will benefit directly from the opening of bids for rail and motorway projects, which will help replenish their order books, or backlog, for 2-3 consecutive years. On price action, CK is consolidating above its demand zone of 16.80-17.80 baht, while the RSI has recovered above the neutral 30% level and the MACD histogram is beginning to narrow in negative territory, reflecting slowing selling pressure, with a chance of rebounding to test the supply zone at 19 baht. CK also has a revenue structure balanced between its construction business and income from investments in BEM, CKP, and TTW, which helps reduce earnings volatility and makes it attractive for accumulation during periods of Thai stock market turbulence. The research team recommends a Selective Buy strategy, looking for stocks with strong fundamentals, future growth potential, limited impact from overseas situations, and currently low prices with high upside.

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CH. Karnchang PCL

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Asia Plus recommends accumulating CK as the 3.788-trillion-baht 2027 budget with 789 billion baht investment spending and 262 transport projects will replenish large contractors' order books.