Right Tunnelling vs Vinci: why the prices moved differently

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

Right Tunnelling Public Company Limited (RT.BK)

Q3 202623 Jul – 10 Sep 2026

▲3

RT wins new MEA work and posts profit turnaround, but backlog target cut

RT wins 1.1bn baht MEA contracts RT secured two new projects from the Metropolitan Electricity Authority worth a combined 1.1 billion baht, including a large underground cable conversion on Srinagarindra Road. This adds fresh work to its pipeline and supports future revenue, a clear positive for the stock.
This is the most concrete new contract win in the period, directly boosting RT's order book and future revenue.
First-half profit turns around RT reported first-half 2026 net profit of 26 million baht, up 129% from a loss last year, with revenue up 19% and strong operating cash flow. The turnaround shows the business is recovering and executing better, which supports investor confidence.
The profit turnaround is a key new financial result that changes RT's earnings picture and supports the share price.
Backlog target cut to 6bn baht RT now expects full-year backlog of 6 billion baht, down from the 7.5 billion baht target given in July, after the order book fell to 4.755 billion baht in June. The lower backlog means less future revenue visibility, a negative offset to recent wins.
The reduced backlog target is a real counterweight that investors need to know about, showing the order book is smaller than earlier hoped.
Construction sector recovery supports RT Thai construction stocks are active as Q2 profits grow across the sector, helped by faster government budget disbursement and data-center investment. RT's own Q2 profit rose 92%, and sector strength can lift sentiment and demand for its services.
Sector-wide recovery and government spending are external forces that can drive more work and better sentiment for RT.

August 202623 Jul – 10 Sep 2026

▲3

RT wins new MEA work and posts profit turnaround, but backlog target cut

RT wins 1.1bn baht MEA contracts RT secured two new projects from the Metropolitan Electricity Authority worth a combined 1.1 billion baht, including a large underground cable conversion on Srinagarindra Road. This adds fresh work to its pipeline and supports future revenue, a clear positive for the stock.
This is the most concrete new contract win in the period, directly boosting RT's order book and future revenue.
First-half profit turns around RT reported first-half 2026 net profit of 26 million baht, up 129% from a loss last year, with revenue up 19% and strong operating cash flow. The turnaround shows the business is recovering and executing better, which supports investor confidence.
The profit turnaround is a key new financial result that changes RT's earnings picture and supports the share price.
Backlog target cut to 6bn baht RT now expects full-year backlog of 6 billion baht, down from the 7.5 billion baht target given in July, after the order book fell to 4.755 billion baht in June. The lower backlog means less future revenue visibility, a negative offset to recent wins.
The reduced backlog target is a real counterweight that investors need to know about, showing the order book is smaller than earlier hoped.
Construction sector recovery supports RT Thai construction stocks are active as Q2 profits grow across the sector, helped by faster government budget disbursement and data-center investment. RT's own Q2 profit rose 92%, and sector strength can lift sentiment and demand for its services.
Sector-wide recovery and government spending are external forces that can drive more work and better sentiment for RT.

Latest23 Jul – 10 Sep 2026

▲3

RT wins new MEA work and posts profit turnaround, but backlog target cut

RT wins 1.1bn baht MEA contracts RT secured two new projects from the Metropolitan Electricity Authority worth a combined 1.1 billion baht, including a large underground cable conversion on Srinagarindra Road. This adds fresh work to its pipeline and supports future revenue, a clear positive for the stock.
This is the most concrete new contract win in the period, directly boosting RT's order book and future revenue.
First-half profit turns around RT reported first-half 2026 net profit of 26 million baht, up 129% from a loss last year, with revenue up 19% and strong operating cash flow. The turnaround shows the business is recovering and executing better, which supports investor confidence.
The profit turnaround is a key new financial result that changes RT's earnings picture and supports the share price.
Backlog target cut to 6bn baht RT now expects full-year backlog of 6 billion baht, down from the 7.5 billion baht target given in July, after the order book fell to 4.755 billion baht in June. The lower backlog means less future revenue visibility, a negative offset to recent wins.
The reduced backlog target is a real counterweight that investors need to know about, showing the order book is smaller than earlier hoped.
Construction sector recovery supports RT Thai construction stocks are active as Q2 profits grow across the sector, helped by faster government budget disbursement and data-center investment. RT's own Q2 profit rose 92%, and sector strength can lift sentiment and demand for its services.
Sector-wide recovery and government spending are external forces that can drive more work and better sentiment for RT.

Vinci S.A. (DG.PA)

Q3 202616 Jul – 29 Sep 2026

▲2▼1

Vinci buys growth, returns cash, but France tax threat hits concessions

Vinci Energies bids for All for One Vinci's energy arm is buying German IT services firm All for One for €67.50 a share, a big premium, adding software and AI skills to its Axians business. This expands a faster-growing, higher-margin unit, which supports the shares over time.
A major acquisition that shifts Vinci toward higher-growth energy and digital services.
Record order book and resilient first-half margins Vinci reported revenue up 2% and EBITDA up 4%, with a record €77 billion order book, 15 months of work, and confirmed 2026 guidance. But French motorway traffic fell 3.7% on fuel prices and heat, so the near-term concessions outlook is more cautious.
The half-year results are the core update on Vinci's earnings power and order pipeline.
More cash returned: buyback and higher dividend Vinci signed a buyback agreement for up to €300 million and raised its 2026 interim dividend to €1.10 a share. Buying back stock and paying more cash signals confidence and tends to support the share price.
Capital returns are a direct, recurring support for the share price.
France plans sharp motorway tax increase France proposed raising the TEITLD tax on motorway concessions to as much as 12.2% from 4.6%, raising about €800 million more a year, and barred passing it on to tolls. Vinci shares fell 2.8% to €108, near 52-week lows, as this hits Autoroutes profits.
A direct regulatory hit to Vinci's most profitable concession business.

August 202616 Jul – 29 Sep 2026

▲2▼1

Vinci buys growth, returns cash, but France tax threat hits concessions

Vinci Energies bids for All for One Vinci's energy arm is buying German IT services firm All for One for €67.50 a share, a big premium, adding software and AI skills to its Axians business. This expands a faster-growing, higher-margin unit, which supports the shares over time.
A major acquisition that shifts Vinci toward higher-growth energy and digital services.
Record order book and resilient first-half margins Vinci reported revenue up 2% and EBITDA up 4%, with a record €77 billion order book, 15 months of work, and confirmed 2026 guidance. But French motorway traffic fell 3.7% on fuel prices and heat, so the near-term concessions outlook is more cautious.
The half-year results are the core update on Vinci's earnings power and order pipeline.
More cash returned: buyback and higher dividend Vinci signed a buyback agreement for up to €300 million and raised its 2026 interim dividend to €1.10 a share. Buying back stock and paying more cash signals confidence and tends to support the share price.
Capital returns are a direct, recurring support for the share price.
France plans sharp motorway tax increase France proposed raising the TEITLD tax on motorway concessions to as much as 12.2% from 4.6%, raising about €800 million more a year, and barred passing it on to tolls. Vinci shares fell 2.8% to €108, near 52-week lows, as this hits Autoroutes profits.
A direct regulatory hit to Vinci's most profitable concession business.

Latest16 Jul – 29 Sep 2026

▲2▼1

Vinci buys growth, returns cash, but France tax threat hits concessions

Vinci Energies bids for All for One Vinci's energy arm is buying German IT services firm All for One for €67.50 a share, a big premium, adding software and AI skills to its Axians business. This expands a faster-growing, higher-margin unit, which supports the shares over time.
A major acquisition that shifts Vinci toward higher-growth energy and digital services.
Record order book and resilient first-half margins Vinci reported revenue up 2% and EBITDA up 4%, with a record €77 billion order book, 15 months of work, and confirmed 2026 guidance. But French motorway traffic fell 3.7% on fuel prices and heat, so the near-term concessions outlook is more cautious.
The half-year results are the core update on Vinci's earnings power and order pipeline.
More cash returned: buyback and higher dividend Vinci signed a buyback agreement for up to €300 million and raised its 2026 interim dividend to €1.10 a share. Buying back stock and paying more cash signals confidence and tends to support the share price.
Capital returns are a direct, recurring support for the share price.
France plans sharp motorway tax increase France proposed raising the TEITLD tax on motorway concessions to as much as 12.2% from 4.6%, raising about €800 million more a year, and barred passing it on to tolls. Vinci shares fell 2.8% to €108, near 52-week lows, as this hits Autoroutes profits.
A direct regulatory hit to Vinci's most profitable concession business.