Arrow Syndicate Public Company Limited

Arrow Syndicate Public Company Limited, or ARROW, is confident that its 2026 operating results will grow about 5% as targeted, even though the property market remains sluggish in the second half. Chief Executive Officer Panupong Wijittongrueang told the Stock Vision news team that third-quarter 2026 results will be close to projections, while the fourth quarter of 2026 is likely to grow compared with the same period last year, supported by strong performance in the first and second quarters of 2026. The company is in the process of bidding on new projects with a combined value of about 100 million baht, spread across several small to mid-sized projects ranging from about 3 million baht and 5 million baht up to 10 million baht per project. If it wins the work, it can begin delivering products immediately, helping support sales late in 2026 and continuing into the first quarter of 2027. At present, the company has an order backlog worth about 500 to 600 million baht. Data Center work is a key factor helping sustain revenue and offset the slowdown in the high-rise property market. The company expects demand for Data Center construction and expansion in Thailand to keep growing for at least two to three years, driven by the digital economy and artificial intelligence technology. At the same time, the company is monitoring public-sector infrastructure investment projects, especially airport expansion projects, to prepare for bidding and extend its backlog in the next phase. Its revenue structure is split into about 60% from sales through dealers and about 40% through contractors. Its standout products, or Hero Products, this year include the waterproof electrical conduit group and RTRC underground conduit, or Reinforced Thermosetting Resin Conduit. As for its growth target in 2027, the company is in the process of preparing its budget before presenting it to the board of directors' meeting.