Prospects for new work remain bright from the sizeable public spending to stimulate the economy, including the mass transit projects, the 2nd phase expansion of Suvarnabhumi Airport, water resource management projects, the double track railway projects and highway projects. Given the strong reputation and expertise in power plant construction, STEC should also secure a number of the power plant projects coming next year. In addition, STEC has a high potential to secure the pre assembly modules phase 2 project worth Bt6.0bn next year, as this project owner is quite satisfied with STEC work in phase 1. STEC targets revenue growth of 10-15% next year from this year’s target revenue of Bt12bn. However, the government projects may face some delay, if there are any more political problems.
STEC prospects remain bright with a recovering margin in 2H09
the authorThaiVest Editorial Team
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Thailand Retirement Ranking Improving
Joe MillerDecember 5, 2022
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Joe MillerMay 9, 2022
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
Thailand Economic Recovery Dwindling
Joe MillerDecember 7, 2020
Exports Decline Across the Board Merchandise exports in Thailand based on balance on payments contracted by 5.6% year-on-year in October...