Pro Inside vs Sky ICT: why the prices moved differently

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

Pro Inside Public Company Limited (PIS.BK)

Q3 202620 Jul – 1 Oct 2026

▲4

PIS builds record backlog and pushes into smart energy

Analyst sees two years of profit growth Yuanta forecast PIS profit rising about 17% in 2026 and 30% in 2027, helped by a backlog that grew from 2.1 billion to 4.4 billion baht, and set a fair value of 7.10 baht. A higher target pulls buyers toward the stock.
An analyst upgrade with a fair value target is a direct, new reason the stock can re-rate upward.
Government Big Data plan opens new bids The cabinet backed a national Big Data strategy for 2025-2027, pushing Government Cloud, a national data platform and Thai-language AI. PIS plans to bid for these state projects, which would add new orders and revenue on top of its existing work.
A new government policy creates fresh demand for PIS's services, a core driver of future revenue.
First-half profit up 8%, backlog jumps PIS reported first-half 2026 net profit of 164 million baht, up 8%, on revenue of 1.531 billion baht, up 6%. Its backlog jumped to 6.096 billion baht, to be booked over three to four years, backing its 10-15% full-year revenue growth target.
Actual earnings growth and a much larger backlog confirm the growth story with real numbers.
Bidding spree and smart-meter stake PIS will bid for over 5 billion baht of state projects, targeting 10 billion baht of contracts this year, and bought 50% of Energy Max, a smart electricity meter maker. This extends it into Smart Grid and energy, a new growth engine.
New contract targets plus the Energy Max deal are the main fresh catalysts for future revenue.

August 202620 Jul – 1 Oct 2026

▲4

PIS builds record backlog and pushes into smart energy

Analyst sees two years of profit growth Yuanta forecast PIS profit rising about 17% in 2026 and 30% in 2027, helped by a backlog that grew from 2.1 billion to 4.4 billion baht, and set a fair value of 7.10 baht. A higher target pulls buyers toward the stock.
An analyst upgrade with a fair value target is a direct, new reason the stock can re-rate upward.
Government Big Data plan opens new bids The cabinet backed a national Big Data strategy for 2025-2027, pushing Government Cloud, a national data platform and Thai-language AI. PIS plans to bid for these state projects, which would add new orders and revenue on top of its existing work.
A new government policy creates fresh demand for PIS's services, a core driver of future revenue.
First-half profit up 8%, backlog jumps PIS reported first-half 2026 net profit of 164 million baht, up 8%, on revenue of 1.531 billion baht, up 6%. Its backlog jumped to 6.096 billion baht, to be booked over three to four years, backing its 10-15% full-year revenue growth target.
Actual earnings growth and a much larger backlog confirm the growth story with real numbers.
Bidding spree and smart-meter stake PIS will bid for over 5 billion baht of state projects, targeting 10 billion baht of contracts this year, and bought 50% of Energy Max, a smart electricity meter maker. This extends it into Smart Grid and energy, a new growth engine.
New contract targets plus the Energy Max deal are the main fresh catalysts for future revenue.

Latest20 Jul – 1 Oct 2026

▲4

PIS builds record backlog and pushes into smart energy

Analyst sees two years of profit growth Yuanta forecast PIS profit rising about 17% in 2026 and 30% in 2027, helped by a backlog that grew from 2.1 billion to 4.4 billion baht, and set a fair value of 7.10 baht. A higher target pulls buyers toward the stock.
An analyst upgrade with a fair value target is a direct, new reason the stock can re-rate upward.
Government Big Data plan opens new bids The cabinet backed a national Big Data strategy for 2025-2027, pushing Government Cloud, a national data platform and Thai-language AI. PIS plans to bid for these state projects, which would add new orders and revenue on top of its existing work.
A new government policy creates fresh demand for PIS's services, a core driver of future revenue.
First-half profit up 8%, backlog jumps PIS reported first-half 2026 net profit of 164 million baht, up 8%, on revenue of 1.531 billion baht, up 6%. Its backlog jumped to 6.096 billion baht, to be booked over three to four years, backing its 10-15% full-year revenue growth target.
Actual earnings growth and a much larger backlog confirm the growth story with real numbers.
Bidding spree and smart-meter stake PIS will bid for over 5 billion baht of state projects, targeting 10 billion baht of contracts this year, and bought 50% of Energy Max, a smart electricity meter maker. This extends it into Smart Grid and energy, a new growth engine.
New contract targets plus the Energy Max deal are the main fresh catalysts for future revenue.

Sky ICT Public Company Limited (SKY.BK)

Q3 202619 Jul – 24 Sep 2026

▲4

SKY wins 25-year AOTGA airport work and gains smart-grid role

AOTGA mega-project win locks in long-term airport revenue The Cabinet cleared AOT to sign AOTGA's 67.3-billion-baht ground handling and cargo projects at Suvarnabhumi, and AOTGA awarded SKY two apron and ground-support equipment contracts running 25 years. SKY expects about 200 million baht a year in profit share, roughly a fifth of its profit base, with operations starting mid-2027.
This is the period's biggest new contract, directly adding long-term earnings to SKY.
Aviation boom and airport expansion lift technology demand Global passengers are seen growing 20-25% in 2026 and Thai traffic 5-7% a year, while Suvarnabhumi plans to expand from 60 million to 75 million passengers within three years. SKY runs systems at 13 airports and holds a 25.3-billion-baht backlog, over 90% long-term service contracts.
It explains the underlying demand growth that supports SKY's core aviation technology business.
New bets: airport platform, humanoid robots, overseas push SKY is building an airport management platform and a ground-handling OCC platform for international launch in 2030, and holds 55% of a joint venture with AGIBOT and TKC to develop Thai-language AI robots for airport use by end-2026. These are early-stage options, not yet earnings.
It shows the new growth engines management is funding beyond the current contract base.
Named a beneficiary of Thailand's smart-grid buildout Bualuang lists SKY among companies positioned for the Demand Response and Energy Management pillar of the 2022-2031 smart-grid plan, which replaces household meters with smart meters. The government is preparing a 10-20-billion-baht first-phase pilot, with approvals expected soon.
It opens a second, non-aviation demand channel that could add new orders.

August 202619 Jul – 24 Sep 2026

▲4

SKY wins 25-year AOTGA airport work and gains smart-grid role

AOTGA mega-project win locks in long-term airport revenue The Cabinet cleared AOT to sign AOTGA's 67.3-billion-baht ground handling and cargo projects at Suvarnabhumi, and AOTGA awarded SKY two apron and ground-support equipment contracts running 25 years. SKY expects about 200 million baht a year in profit share, roughly a fifth of its profit base, with operations starting mid-2027.
This is the period's biggest new contract, directly adding long-term earnings to SKY.
Aviation boom and airport expansion lift technology demand Global passengers are seen growing 20-25% in 2026 and Thai traffic 5-7% a year, while Suvarnabhumi plans to expand from 60 million to 75 million passengers within three years. SKY runs systems at 13 airports and holds a 25.3-billion-baht backlog, over 90% long-term service contracts.
It explains the underlying demand growth that supports SKY's core aviation technology business.
New bets: airport platform, humanoid robots, overseas push SKY is building an airport management platform and a ground-handling OCC platform for international launch in 2030, and holds 55% of a joint venture with AGIBOT and TKC to develop Thai-language AI robots for airport use by end-2026. These are early-stage options, not yet earnings.
It shows the new growth engines management is funding beyond the current contract base.
Named a beneficiary of Thailand's smart-grid buildout Bualuang lists SKY among companies positioned for the Demand Response and Energy Management pillar of the 2022-2031 smart-grid plan, which replaces household meters with smart meters. The government is preparing a 10-20-billion-baht first-phase pilot, with approvals expected soon.
It opens a second, non-aviation demand channel that could add new orders.

Latest19 Jul – 24 Sep 2026

▲4

SKY wins 25-year AOTGA airport work and gains smart-grid role

AOTGA mega-project win locks in long-term airport revenue The Cabinet cleared AOT to sign AOTGA's 67.3-billion-baht ground handling and cargo projects at Suvarnabhumi, and AOTGA awarded SKY two apron and ground-support equipment contracts running 25 years. SKY expects about 200 million baht a year in profit share, roughly a fifth of its profit base, with operations starting mid-2027.
This is the period's biggest new contract, directly adding long-term earnings to SKY.
Aviation boom and airport expansion lift technology demand Global passengers are seen growing 20-25% in 2026 and Thai traffic 5-7% a year, while Suvarnabhumi plans to expand from 60 million to 75 million passengers within three years. SKY runs systems at 13 airports and holds a 25.3-billion-baht backlog, over 90% long-term service contracts.
It explains the underlying demand growth that supports SKY's core aviation technology business.
New bets: airport platform, humanoid robots, overseas push SKY is building an airport management platform and a ground-handling OCC platform for international launch in 2030, and holds 55% of a joint venture with AGIBOT and TKC to develop Thai-language AI robots for airport use by end-2026. These are early-stage options, not yet earnings.
It shows the new growth engines management is funding beyond the current contract base.
Named a beneficiary of Thailand's smart-grid buildout Bualuang lists SKY among companies positioned for the Demand Response and Energy Management pillar of the 2022-2031 smart-grid plan, which replaces household meters with smart meters. The government is preparing a 10-20-billion-baht first-phase pilot, with approvals expected soon.
It opens a second, non-aviation demand channel that could add new orders.