SAMTEL wins new contracts, but bidding pace lags
New contract wins boost backlog SAMTEL's subsidiaries won three contracts worth a combined 1.2 billion baht: a 695-million-baht ERP system for the Government Lottery Office, a 363-million-baht backhaul network expansion for National Telecom, and a 146-million-baht cyber operations center for the Industrial Estate Authority. These wins add to SAMTEL's backlog and support future revenue.
These are concrete new contract wins that directly increase SAMTEL's backlog and future revenue, a key driver of the stock.
Strong bidding pipeline for second half SAMTEL is pursuing new bids worth nearly 7 billion baht in the second half of 2026, aiming to lift its backlog from 16 billion baht to 20 billion baht by year-end. Large projects up for bidding include the Government Lottery Office, PEA meters, Airports of Thailand, and the Ministry of Interior.
This shows the company's growth prospects and potential for future revenue, which can drive the stock price up.
Slower-than-expected bidding delays recovery SAMTEL's profit recovery is slower than planned because bidding progress has been slower than expected. This limits the company's performance recovery in 2026, even though its backlog remains high at 8 billion baht.
This is a real counterweight: slower bidding delays profit recovery, which could hold back the stock price.