Today, at 2:51 P.M. (GMT+7), the share price of CH. Karnchang PCL (SET: CK) stood at THB 12.00 per share, up by THB 0.40 or 3.45%, with a trading value of THB 33.52 million. Meanwhile, the share price of Stecon Group PCL (SET: STECON) was at THB 6.85 per share, up by THB 0.25 or 3.79%, with a trading value of THB 75.04 million. The increase follows broker’s indication of a higher chance of winning more government projects in the near future after Italian-Thai Development PLC (SET: ITD) risks being blacklisted due to repeated accidents.
Kasikorn Securities (KSS) stated that the issue involved a crane accident at the Thai–China High-Speed Rail Project (Phase 1), which resulted in injuries and fatalities. The accident occurred in the civil work under Contract 3-4, specifically on the Lam Takhong–Sikhio and Kut Chik–Khok Kruat sections, where ITD was the main contractor.
Following this incident in recent construction projects, the government has begun to strictly enforce the “Contractor Handbook” measure. This legislation has been approved by the Cabinet and is awaiting official announcement. The policy aims to disqualify or limit government bidding opportunities for contractors with poor construction records or safety issues, making it increasingly difficult for such contractors to participate in public sector tenders.
It is evaluated that enforcing these measures may have a positive impact for major contractors with strong track records and high safety standards, especially those focusing on government tenders such as CK and STECON. These firms are likely to receive more opportunities to secure new public projects in the future, under tighter government regulation.
