PYLON signals a strong second half, with work in hand supporting revenue continuity through the end of 2026 and into early 2027, driven by private-sector jobs and data centre projects. Additional work may also be secured late this year. Managing Director Dr. Chanes Saeng-arayakul said the company is watching for government project auctions in 2027 more than plan announcements, and expects total revenue in 2026 to grow 10 to 15 percent. Krungsri Securities estimates first-half net profit at 281 million baht, up 33 percent from a year earlier. The research team views the second-half trend as still bright, as revenue from the Central Embassy 2 project begins to be fully recognised in a full quarter. The company has a backlog of about 1.5 to 1.6 billion baht, has secured new work worth another 200 to 300 million baht, and is bidding for projects with a further 200 to 300 million baht opportunity. The broker maintains a buy rating with a target price of 4.50 baht.
Pylon Public Company LimitedBacklog and new work from private and data centre projects support revenue through 2027.
