Cabinet Approves Three Southern Dual-Track Railway Routes Worth 107 Billion Baht

M&A · Partnership
โดย HoonVision·TH·Read original
Summary · why it matters

The Cabinet has approved the second phase of the southern dual-track railway project, comprising three routes with a total investment of 106,798.32 million baht. Bidding is expected to open between late 2026 and early 2027. Brokers view that CH. Karnchang (CK) will benefit the most, given its expertise in large-scale state infrastructure projects, and is expected to secure at least 27,000 million baht in contracts, while STECON is expected to secure around 21,000 million baht. The three routes include: Chumphon–Surat Thani (36,892.32 million baht), Surat Thani–Hat Yai Junction (61,534.55 million baht), and Hat Yai Junction–Padang Besar (8,371.45 million baht). The government will bear all costs. This approval will bolster CK's backlog and provide upside to its share price from the current target of 23 baht. Other construction contractors such as ITD, UNIQ, and NWR also have opportunities to participate in the bidding, while construction material companies like SCC, SCCC, and TASCO will benefit from increased demand for cement and steel.

Impact on stocks 7

Industrials▲ · 2 stocks
CH. Karnchang PCL
CK
▲ PositiveDemandrelevance

Expected to secure at least 27,000 million baht in contracts from approved railway projects.

Materials▲ · 2 stocks
Artificial Intelligence▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 1

เนาวรัตน์พัฒนาการ (Nawarat Patanakarn)Private▲ Positive
Demandrelevance

Other construction contractors have opportunities to participate in bidding for the railway projects.

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