CK eyes 2026 revenue above 40 billion baht on Orange Line, with 198 billion baht of state tenders ahead

Kaohoon··TH·Read original
2▲3 ▼0Impact / 5
Summary · why it matters

Finansia Syrus Securities says Ch. Karnchang, or CK, has a chance to deliver 2026 revenue above its 40 billion baht target, helped by progress on the Orange Line rail project, while a pipeline of large state projects worth about 198 billion baht is expected to open for bidding from late this year into early next year. Third-quarter 2026 profit is expected to recover from the previous quarter, supported by profit contributions from BEM and CKP entering their high season, though it should still fall from a year earlier because of a high base. The broker keeps its 2026 normalized profit forecast at 9 percent below last year and maintains a buy rating with a target price of 23 baht.

Impact on assets 3

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

Broker maintains buy rating with target price 23 baht, sees 2026 revenue above 40 billion baht target on Orange Line progress.

Energy Transition & Power Demand▲ · 1 stocks
CK Power Public Company Limited
CKP
▲ PositiveDemandrelevance

Profit contribution from CKP entering high season supports CK's Q3 2026 recovery, indicating positive outlook for CKP.

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