CPANEL is undergoing a major portfolio restructuring, aiming to increase the proportion of government infrastructure projects to reduce reliance on the still-slowing real estate sector. The company has set a sales target from government work this year at 200 to 300 million baht and expects to see clear results in the second half of the year, after the political situation stabilizes and government budget disbursement returns to normal. Currently, CPANEL has a backlog of 1 billion baht, mostly from private sector work, particularly condominium projects that have resumed construction, and the company has begun signing additional government contracts starting this quarter, which will help increase the backlog proportion from the government sector and support long-term growth.
CPanel PCLCompany targets 200-300 million baht in government infrastructure contracts, reducing reliance on slowing real estate sector.