Construction stocks rose, led by STECON and CK, after second-quarter 2026 results came in better than market expectations. STECON gained 4.40% to 19.00 baht on turnover of 519.31 million baht, while CK added 3.65% to 19.90 baht on turnover of 269.33 million baht. Kasikorn Securities said STECON posted normalised profit of 910 million baht in the second quarter of 2026, up 374% from a year earlier and 488% from the previous quarter, slightly above expectations. Its backlog stood at 114 billion baht, supporting revenue for about three years, with new work expected to accelerate in the second half of 2026 to support a new-work target of 50 billion baht. Kasikorn Securities maintained a buy rating with a target price of 20.62 baht. Meanwhile, Pi Securities kept a buy rating on CK, saying second-quarter 2026 net profit beat expectations at 800 million baht, prompting it to raise full-year 2026 profit by 5% to 2.237 billion baht. It maintained revenue at 44.803 billion baht and assessed fair value at 23.1 baht. CK had a backlog of 146.305 billion baht at the end of the first half of 2026 and targets new work of more than 249 billion baht from large government projects in the future.
CH. Karnchang PCLQ2 2026 net profit beat expectations, prompting Pi Securities to raise full-year profit forecast and maintain buy rating.
STECON Group Public Company LimitedQ2 2026 normalised profit surged 374% YoY and 488% QoQ, above expectations, with buy rating and target price maintained.
