KJL rides solar and data-center demand, lifts capacity and keeps 2026 growth target
Solar and data-center demand drives growth target KJL says demand for its electrical cabinets and cable trays is rising with solar rooftops, EV charging and data centers, and it keeps its 2026 revenue growth target of 12-17%. More orders mean more sales and profit, which supports the share price.
This is the core demand story behind KJL's expected growth and the main reason investors are positive.
Capacity raised to 40 million units, room to grow KJL lifted production capacity from about 33 million to 40 million units in 2026, with utilisation around 70-80%. That means it can take more orders without big new spending, so extra sales can flow to profit rather than being blocked by capacity.
New capacity is a concrete, company-specific reason KJL can convert demand into revenue.
Profit recovery and 0.15 baht dividend Q2 2026 net profit rose about 50% from the previous quarter to 38 million baht, and KJL paid an interim dividend of 0.15 baht per share. A broker sees Q3 profit growing further and keeps a buy call with a 9.80 baht target.
Earnings recovery and the dividend are the financial proof behind the positive share-price view.
New data-center products and wider engineer network KJL is developing server rack cabinets, cable trays and switchboards for data centers, with revenue expected from 2027, and plans two to three new product groups this year. It also aims to grow its electrician network from 15,000 to 30,000, widening its sales reach.
New products and a bigger sales network are the future growth drivers that keep the story positive beyond 2026.