Kijcharoen Engineering Electric PCL

Kijcharoen Engineering Electric Public Company Limited, or KJL, said it is benefiting from the continued growth of clean energy and solar power systems, which has driven up demand for its electrical system products. Chief Executive Officer Kasemsan Sujiwarodom said the company offers a range of products for solar systems, including cable trays, rooftop walkways and electrical cabinets, and has recently launched a cabinet developed specifically for installation alongside solar systems, serving both households and the industrial sector. The company aims to maintain its gross profit margin at around 30%. At the same time, it is pressing ahead with new product development to expand opportunities into the Data Center market, where it expects clearer business opportunities to emerge from 2027 and continue for another one to two years. It is currently conducting research and development on several new products for the Data Center segment. On its new product roadmap, the company expects to roll out roughly two to three more product groups this year, and next year plans to launch on average one new product group per quarter. It is also investing in the KJL Innovation Campus, or KiN, which comprises a Metal Design Lab, Metal Total Solution and a Brand Experience area, to raise its technological and innovation capabilities, as well as to expand its network of electricians from about 15,000 to 30,000 within this year.

Kijcharoen Engineering Electric Public Company Limited, or KJL, is pressing ahead with business expansion to capture opportunities in the Data Center and Solar Rooftop markets. Chief Executive Officer Kasemsan Sujiwarodom told the Stock Vision news team that the company has raised production capacity from approximately 33 million units to 40 million units in 2026, while the current capacity utilisation rate stands at around 70-80%, leaving room to handle expected increases in orders without the need for major immediate investment. The company is developing new products for the Data Center market, including server rack cabinets, cable trays, cable ladders, cable management systems, and electrical distribution and control panels, or switchboards, which will be rolled out gradually with revenue recognition beginning from 2027 onward. On the marketing front, KJL is expanding its KJL Network, aiming to grow its network of electrical engineers, electricians, and designers from approximately 15,000 people at present to 30,000 people within this year. As for the operating outlook, the company is confident that 2026 will meet its growth target, with revenue projected to grow by around 10-15% compared with the previous year, after business began to improve gradually from the second quarter of 2026, and it expects continued growth in the second half of the year.

Kijcharoen Engineering Electric Public Company Limited, or KJL, signals a return to business activity after passing its lowest point. Yuanta analysts expect second-quarter 2026 profit to recover nearly 49% from the previous quarter, with potential for continued growth in the third quarter. Meanwhile, new production capacity from the KJL Innovation Campus (KiN) is ready to meet demand for electrical cabinets, cable trays, and equipment related to solar rooftops and clean energy. The brokerage maintains a "Buy" recommendation with a target price of 9.80 baht.

Kijcharoen Engineering Electric Public Company Limited, or KJL, reported its second quarter 2026 results during an earnings call on the Stock Exchange of Thailand's online platform. Sales revenue was 335.17 million baht, up 8.86% from the previous quarter, and net profit was 38.38 million baht, up 49.51% from the previous quarter. For the first half of the year, revenue was 643.05 million baht, growing 12.11% from the same period last year, with net profit of 64.05 million baht. The company is moving forward with leveraging the KJL Innovation Campus, or KiN, to develop products and expand opportunities in new industries, while adopting Industry 4.0 and automated machinery to improve production efficiency and manage costs. KJL maintains its 2026 revenue growth target of 12 to 17 percent, and continues activities to bring together electrical professionals and solar roof professionals to enhance the knowledge and capabilities of electricians, engineers, and designers nationwide.

Kijcharoen Engineering Electric Public Company Limited, or KJL, has announced a dividend payment of 0.15 baht per share from its operating results for the period 1 January to 30 June 2026. The stock will trade excluding dividend on 19 August 2026, and the dividend will be paid to shareholders on 3 September 2026.

Analysts from Yuanta stated that the performance of Kijcharoen Engineering Electric Public Company Limited, or KJL, has passed its lowest point. They forecast that profit in the second quarter of 2026 will recover by nearly 49 percent from the previous quarter, with a continued growth trend in the third quarter as new production capacity from the KJL Innovation Campus, or KiN, is ready to operate at full capacity to meet demand for electrical cabinets, cable trays, and equipment related to solar rooftops and clean energy. The broker maintains a buy recommendation with a target price of 9.80 baht, along with the possibility of dividend payments.

Kijcharoen Engineering Electric Public Company Limited, or KJL, reported a 49.51% increase in second-quarter net profit from the previous quarter, reaching 38.38 million baht. It also raised its full-year revenue target to 1.25 to 1.32 billion baht, representing growth of about 12 to 17% from the previous year. Supporting factors include residential solar demand expected to expand around 10%, public-sector project investment, and product price adjustments that help maintain gross margins at 25 to 30%. The company is also accelerating its push into the data centre and electric vehicle markets to capture investment during 2027 to 2028, and expects the KJL Innovation Campus project to be completed within the third quarter.

KJL targets 2026 revenue growth of 12 to 17 percent, or approximately 1.25 to 1.32 billion baht, supported by the expansion of the clean energy, electric vehicle, and data center industries. Chief Executive Officer Kasemsan Sujiwarodom said demand for electrical system equipment, including switchboard cabinets and cable trays, is rising in line with these megatrends, especially for residential solar projects, EV charging stations, and data centers supporting AI processing, which consume massive amounts of electricity. The company also aims for medium- to long-term average annual revenue growth of 10 to 15 percent over the next five years, with a customer base spanning both public and private sectors, including key national infrastructure projects.