TEAM Consulting Engineering and Management Public Company Limited

Team Consulting Engineering and Management, or TEAMG, reported second quarter net profit of 61 million baht, up 29% from the same period last year, with revenue of 635 million baht, up 19%. For the first six months of 2026, the company posted total revenue of 1.266 billion baht, up 22%, and net profit of 111 million baht, up 18%. Chief Executive Officer Chavalit Chantararat said backlog at the end of the second quarter reached 5.988 billion baht, up 3% from the end of 2025, supported by the phase two construction of the new zoo project under the Zoological Park Organization of Thailand under Royal Patronage, through the RSDT Consortium joint venture, with a total contract value of 4.335 billion baht, in which the company holds a 10% stake, equivalent to 434 million baht, and construction supervision consulting for the light red line suburban railway project, Siriraj to Taling Chan to Salaya section, plus three additional stations, with a total contract value of 392 million baht, in which the company holds a 66% stake, equivalent to 258 million baht. EPC-related business expanded 114% to revenue of 495 million baht, while consulting, study, design and construction supervision for infrastructure remained the main revenue driver, with public sector work accounting for 71%. The company targets securing at least 1 billion baht in new work in the second half of the year.

TEAMG expects revenue from its data centre business to double in 2027, reaching 100 million baht per year, up from around 50 million baht this year, leveraging its strengths in local area knowledge, location, and expertise in water, electricity, and the environment in Thailand. Chief Executive Officer Chawalit Chantararat revealed that the company is in talks with True Group, which plans to seek loans to invest 60 to 70 billion baht in data centres, and has partners from Hong Kong and Singapore with large-scale project expertise to enhance its capabilities. Currently, TEAMG has begun providing construction supervision and quality inspection services for a data centre project of a global company in Chonburi province, covering an area of about 100 rai with a total capacity of 86 megawatts. Meanwhile, its backlog stands at over 4 billion baht, and it aims to secure at least 1.5 billion baht in new work during the second half of 2026.

The Cabinet has approved the draft Big Data Strategy for 2025 to 2027, Thailand's first such plan, which will serve as a framework to drive the use of data and artificial intelligence to enhance the economy and public administration. The target is for the economic value from big data to grow by no less than 35% by 2027 and to push Thailand into the top 25 countries globally in big data utilization. On the tax front, the government has extended the 7% value-added tax rate for another year, from October 1, 2026 to September 30, 2027, to ease the cost of living and stimulate spending, providing a direct boost to retail and consumer goods stocks. Meanwhile, the meeting of the National Broadcasting and Telecommunications Commission board had to be postponed due to lack of a quorum, delaying consideration of key agendas such as the Digital TV Roadmap and the National Streaming Platform. Digital TV operators must continue to wait for clarity. In the capital market, Stecon Group Public Company Limited, or STECON, is preparing to offer three-year bonds with an annual interest rate of 3.30% between August 3 and 5, after receiving a BBB+ rating with a stable outlook from TRIS Rating, to fund new business expansion and reduce volatility in its construction contracting business. Team Consulting Engineering and Management Public Company Limited, or TEAMG, is gearing up to capture investment in data centers, having recently secured a contract to supervise and inspect the systems of a data center project for a global company in Chonburi province.

TEAMG has begun providing construction management and quality inspection services for a data center project of a global company in Chonburi province, with a total capacity of 86 megawatts. The project sits on approximately 100 rai of land, divided into two phases, comprising data hall buildings, a substation, a cooling plant, and a generator plant. Dr. Pasakorn Kitiyodom, Executive Vice President, stated that the company is ready to support the growth of Thailand's data center industry through the expertise of its subsidiaries in construction management and infrastructure system consulting.

MTC has signed a 70 million US dollar social loan facility with Bank of China Hong Kong Limited and Bank of China Thai Public Company Limited under the Social Bond Framework, to support equitable access to funding for micro-entrepreneurs and promote sustainable food security. Meanwhile, TEAMG is expanding into new markets by entering the data center and digital economy sectors through two subsidiaries, starting with the construction supervision and system testing of a world-class 86-megawatt data center on a 100-rai site in Chonburi province, and serving as a consultant to drive future investments, which is expected to become a new long-term revenue stream. At the same time, Globlex Securities expects the Thai stock market to move sideways down this week within a range of 1,600 to 1,650 points, pressured by surging crude oil prices after attacks on oil tankers in the Red Sea, and recommends five fundamentally strong stocks: ADVANC, AOT, BH, GULF, and KBANK.

A joint venture led by TEAMG has secured the construction supervision contract for the suburban railway project on the Light Red Line, covering the Siriraj–Taling Chan–Salaya section and three additional stations, with a contract value of 392 million baht. TEAMG holds a 66 percent stake, equivalent to 258 million baht. The contract was signed with the State Railway of Thailand on 22 July 2026. This project is one of the government's urgent priority rail infrastructure projects, with a total construction budget of 15.176 billion baht, a distance of approximately 20.49 kilometres, covering nine railway stations, and a target to open for service by 2029.

The board of TACC has approved the transfer of its securities from the Market for Alternative Investment to the Stock Exchange of Thailand, along with the appointment of Khun Traithip Sivakriskul as Co-CEO, effective July 16. The company will also change the method of disposing of 8 million treasury shares to an offering to directors and employees. Meanwhile, UNIX is investing over 100 million baht in new machinery to support the film industry and expand into overseas markets such as Japan, the Philippines, India, and the Middle East, under a sustainable growth approach. In addition, a joint venture consortium led by TEAMG has secured a construction supervision contract for the Light Red Line suburban railway project, covering the Siriraj–Taling Chan–Salaya section and three additional stations, with a total contract value of 392 million baht. TEAMG holds a 66 percent stake, equivalent to 258 million baht, and the project is targeted to open for service by 2029.