PIS to bid for 5 billion baht in state projects, targets 10 billion baht in contracts

thunhoon.com··TH·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Pro Inside Public Company Limited (PIS) has unveiled its plan for the second half of the year, preparing to bid for state projects worth a total of over 5 billion baht. The company is confident of pushing its cumulative contract value for the year to 10 billion baht. So far, it has secured contracts worth approximately 4 billion baht, with another 6 billion baht worth of projects pending bidding in the third and fourth quarters, especially large-scale projects at the end of the year with a total value exceeding 5 billion baht. Meanwhile, the company has adjusted its strategy towards developing large platforms and solutions, particularly ERP systems, which have accumulated contracts of over 5.4 billion baht, led by projects from the Provincial Electricity Authority (PEA) and projects from Airports of Thailand Public Company Limited (AOT) worth approximately 3.2 billion baht. Revenue from the AOT project will begin to be recognized in the second half of the year. The company has also invested in Energy Max Management Company Limited to support the transition of over 28 million automated meters, expecting a market share of 30-40%. It is also preparing cybersecurity measures to comply with the PDPA law.

Impact on assets 2

Cybersecurity & Digital Trust▲ · 1 stocks
Pro Inside Public Company Limited
PIS
▲ PositiveDemandrelevance

PIS plans to bid for over 5 billion baht in state projects and targets 10 billion baht in cumulative contracts this year.

Industrials▲ · 1 stocks
Airports Of Thailand PCL
AOT
▲ PositiveDemandrelevance

AOT project worth ~3.2 billion baht is part of PIS's secured contracts, with revenue recognition starting in H2.

Off-coverage companies 2

Energy Max Management Co., Ltd.Private▲ Positive
Demandrelevance

PIS invested in Energy Max Management to support the transition of over 28 million automated meters, targeting 30-40% market share.

Provincial Electricity AuthorityPrivate▲ Positive
Demandrelevance

PEA projects are cited among the ERP contracts accumulated by PIS, indicating ongoing procurement from the authority.

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