SEAFCO is preparing to bid on new projects worth more than 500 million baht over the remainder of this year, after its order book rose to more than 1.2 billion baht from roughly 1 billion baht previously, following the award of three new projects with a combined value of about 204 million baht. These comprise environmentally friendly bored pile work and diaphragm wall retaining systems, including the Aster International School Bangkok project, with revenue expected to be gradually recognised through 2570. Dr. Narong Thasnanipan, Chief Executive Officer, said the company expects third-quarter 2569 operating results to grow compared with the same period last year, driven by a higher backlog awaiting delivery, and it is maintaining its full-year revenue target at approximately 1.8 billion baht. Meanwhile, Finansia Syrus Securities has issued a buy recommendation on SEAFCO shares with a target price of 3.50 baht, expecting third-quarter 2569 profit to grow on the back of the near-complete MRT Orange Line electric train project, with average daily concrete pouring volume at 1,212 cubic metres per day in July 2569, up 9% from the same period last year, and it expects the average gross profit margin in the third quarter of 2569 to remain above 30%.
Seafco Public Company LimitedSEAFCO won three new projects worth about 204 million baht, lifting its backlog to over 1.2 billion baht and supporting its 1.8 billion baht revenue target.
Finansia X Public Company Limited