On Thursday, the share of Thai construction firms extended gains in anticipation of a major contract bidding in 2026 for the Land Bridge project.
The share price of STECON Group Public Company Limited (SET: STECON) at the time of 10:42 a.m. was at THB 14.10, a THB 0.10 or 0.71% increase with a total trading value of THB 254.66 million.
Meanwhile, Seafco Public Company Limited (SET: SEAFCO) at the same time was at THB 2.52, a THB 0.06 or 2.44% increase with a total trading value of THB 970,590.
Pylon Public Company Limited (SET: PYLON) at the same time was traded at THB 3.18, a THB 0.12 or 3.92% increase with a total trading value of THB 7.13 million. Additionally, Ch.Karnchang Public Company Limited (SET: CK) rose as high as THB 18.70 earlier in the session before pared gain to THB 18.40 per share.
Kamol Kamoltrakul, an independent scholar, noted that the Land Bridge project remains in the study phase but is expected to open for bidding in 2026 under a Public Private Partnership (PPP). The private sector is anticipated to handle 100% of construction and operations under a 50-year concession, with an estimated investment of THB 1 trillion. The government will cover land expropriation and key facilitation, requiring at least THB 10 billion in public funds.
Foreign investment groups could hold 50–70% stakes, with the government allowing majority foreign ownership in return for modern technology and capital. Interested parties include DP World (UAE), New World Development (Hong Kong), CHEC and COSCO (China), Mitsui (Japan), as well as funds from Singapore, Saudi Arabia, Europe, and the U.S. Major Thai contractors, including STECON, CK, ITD, UNIQ, PYLON, SEAFCO, and SCC, are expected to benefit from construction demand and boost their contract backlogs.
The project structure rewards foreign concessionaires with 50-year rights, logistics fees, and property development potential, while offering substantial construction opportunities to Thai partner firms and spurring industrial growth within the SEC.
