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Stecon Group Plans to Bid for Three Data Center Projects in Thailand Worth THB49.8 Billion; Shares Up 6%

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Stecon Group Public Company (SET:STECON) plans to bid for three data-center construction projects in Thailand worth a total of 49.8 billion baht in 2026, according to the company's investor presentation on Thursday after its second-quarter results.

The company's shares were up over 6% in Thursday's trade.

The company, which is controlled by the family of Prime Minister Anutin Charnvirakul, also plans to place bids for power plants worth 16 billion baht and airport projects worth 3 billion baht, as per the presentation.

The builder currently has 13.2 billion baht of outstanding orders from four data centers as of June 30, with a total contract value of 20.2 billion baht.

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