Bluebik rides AI demand, record backlog, and M&A growth plan
Record backlog and strong H1 profit Bluebik's backlog hit a record 1.34 billion baht, up 35% from the prior quarter, with first-half profit up 11% to 162 million baht. This gives the company clear visibility on future revenue and supports its 20% growth target, which reassures investors and can lift the stock.
This is the core fundamental driver showing the business is growing and has secured future work.
AI and digital transformation demand Companies and government agencies are spending more on AI and digital tools. Thailand's digital transformation market is expected to grow about 8.8% a year until 2031, and Bluebik is winning projects from this trend, which should keep revenue rising and support the share price.
It explains the underlying demand that drives Bluebik's revenue and profit growth.
M&A deal expected to close early 2027 Bluebik is in due diligence for an acquisition that could double its earnings and bring synergies. The deal is expected to close in early 2027, and the company says it likely won't need to raise new capital. This could drive a big jump in growth next year, making the stock more attractive.
It is a major future catalyst that could significantly boost earnings and investor interest.
Cheap valuation and analyst buy calls Several brokers recommend buying Bluebik, noting it trades at only about 11 times this year's estimated earnings, well below its historical average. They see the stock as inexpensive and set target prices around 24–26.50 baht, which suggests room to rise if profits meet expectations.
It shows professional investors see the stock as undervalued, which can draw buyers.