On Monday at 11:05 AM (Bangkok time), the share price of Stecon Group Public Company Limited (SET: STECON) surged by 2.75% or THB 0.25 to THB 9.35, with a trading value of THB 89.65 million.
CGS International Securities (Thailand) (CGSI) maintains a ‘Buy’ recommendation on STECON, projecting revenue of THB 32 billion and a gross profit margin (GPM) of 7% in 2025, in line with company targets.
The analyst expects STECON to report normalized operating profit of THB 214 million in the third quarter of 2025—a substantial increase of 245% year-on-year and a 36% improvement quarter-on-quarter. Earnings forecasts for 2025–2027 have been revised in a range from a 20% decrease to a 5% rise.
