← Kijcharoen Engineering Electric PCL overview

Kijcharoen Engineering Electric PCL vs US HRC Steel: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Kijcharoen Engineering Electric PCL (KJL.BK)

Q3 202621 Jul – 27 Sep 2026

▲4

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.

August 202621 Jul – 27 Sep 2026

▲4

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.

Latest21 Jul – 27 Sep 2026

▲4

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.

US HRC Steel (STEEL.COMM)

Q3 202624 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.

August 202624 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.

Latest24 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.