← TEAM Consulting Engineering and Management overview

TEAM Consulting Engineering and Management vs Aecom Technology: why the prices moved differently

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

TEAM Consulting Engineering and Management Public Company Limited (TEAMG.BK)

Q3 2026
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TEAMG wins new contracts, posts strong Q2 profit and record backlog

  • New contract wins TEAMG won a 392-million-baht Light Red Line supervision contract (66% share worth 258 million baht) and began construction management for an 86 MW Chonburi data center, diversifying beyond government infrastructure.

    New contracts directly boost future revenue and show business expansion.

  • Strong Q2 and H1 results Q2 net profit rose 29.32% to 60.98 million baht; first-half revenue grew 22% to 1.266 billion baht, with profit up 18%.

    Earnings growth is a key driver of stock performance.

  • Record backlog and growth outlook Backlog reached 5.988 billion baht, beating targets, and data center revenue is expected to double to 100 million baht by 2027. Flood-control and rail opportunities could add 1.5 billion baht per quarter.

    Backlog and future opportunities provide revenue visibility and growth potential.

  • Risks and dependencies Risks remain: heavy reliance on government budget disbursement and project timing, concentration in Thai infrastructure, and data center revenue still small and dependent on negotiations like those with True Group.

    These risks could hinder future performance and temper optimism.

August 2026
▲3▼1

TEAMG wins new contracts, posts strong Q2 profit and record backlog

  • New contract wins TEAMG won a 392-million-baht Light Red Line supervision contract (66% share worth 258 million baht) and began construction management for an 86 MW Chonburi data center, diversifying beyond government infrastructure.

    New contracts directly boost future revenue and show business expansion.

  • Strong Q2 and H1 results Q2 net profit rose 29.32% to 60.98 million baht; first-half revenue grew 22% to 1.266 billion baht, with profit up 18%.

    Earnings growth is a key driver of stock performance.

  • Record backlog and growth outlook Backlog reached 5.988 billion baht, beating targets, and data center revenue is expected to double to 100 million baht by 2027. Flood-control and rail opportunities could add 1.5 billion baht per quarter.

    Backlog and future opportunities provide revenue visibility and growth potential.

  • Risks and dependencies Risks remain: heavy reliance on government budget disbursement and project timing, concentration in Thai infrastructure, and data center revenue still small and dependent on negotiations like those with True Group.

    These risks could hinder future performance and temper optimism.

Latest
▲4

TEAMG's data centre and flood-control pipeline expands, lifting growth outlook

  • Data centre revenue to double by 2027 TEAMG expects data centre revenue to double to 100 million baht in 2027, from about 50 million this year, and is in talks with True Group, which plans 60-70 billion baht of data centre investment. This adds a fast-growing new revenue stream beyond government infrastructure.

    New guidance on a high-growth business line directly supports future earnings and the stock's growth story.

  • First-half profit up 18%, backlog 5.988bn baht TEAMG reported first-half 2026 revenue up 22% to 1.266 billion baht and net profit up 18% to 111 million baht, with backlog at 5.988 billion baht. Strong results and a bigger order book give visibility on future revenue.

    Concrete financial results and backlog show the company is executing and building future revenue.

  • Flood-control and rail work open new opportunities TEAMG says flooding creates chances to win drainage and flood-control work with agencies like the Royal Irrigation Department and Bangkok, plus southern double-track rail projects it previously designed. It targets at least 1.5 billion baht of new work in each of Q3 and Q4, supporting 10% revenue growth.

    New business opportunities and a concrete target for new contracts drive future revenue growth.

  • IMF–World Bank meeting climate theme highlights TEAMG Yuanta named TEAMG among stocks benefiting from the climate theme of Thailand hosting the IMF–World Bank meetings in October 2026. The event may lift the Thai market and draw attention to companies linked to climate and infrastructure work.

    A new thematic catalyst that could increase investor interest in TEAMG shares.

▲4

TEAMG wins rail and data center work, backlog beats target

  • Light Red Line supervision contract TEAMG's consortium won a 392 million baht contract to supervise construction of the Light Red Line extension, with TEAMG's 66% share worth 258 million baht. This adds confirmed government revenue and strengthens its rail project pipeline.

    New contract win directly adds to TEAMG's order book and revenue visibility.

  • Data center construction management TEAMG started construction management and quality inspection for an 86 MW data center in Chonburi. This opens a new long-term revenue stream in Thailand's fast-growing data center and digital economy sector, diversifying beyond traditional infrastructure.

    New market entry signals future growth beyond government rail work.

  • Q2 profit growth and sector recovery TEAMG's Q2 2026 net profit rose 29.32% to 60.98 million baht, in line with stronger construction sector results. Faster government budget disbursement and data center investment are supporting project activity and revenue recognition.

    Earnings growth confirms the company is converting its pipeline into profit.

  • Backlog beats target, more bids ahead TEAMG's backlog reached 4.85 billion baht, above its Q3 target, with government agencies accelerating work. It targets at least 1.5 billion baht in new work in Q3-Q4 2026 and 10% revenue growth, helped by its prior design roles on many projects.

    Backlog and new bid targets show the revenue pipeline is growing, not just one-off wins.

Aecom Technology Corporation (ACM)

Q3 2026
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AECOM hit by $337M charge, record backlog offers hope

  • $337M charge turns profit to loss A $337 million pre-tax charge on a 2019 construction-management contract turned profit into a loss, drove the stock to a 52-week low, and raised doubts about cost controls.

    This was the main negative event that drove the stock down.

  • Cash flow guidance cut, cash pressure ahead Management cut free-cash-flow guidance from $400 million to $300 million and warned of about $500 million in cash pressure into fiscal 2027, limiting buybacks, dividends, or debt reduction.

    This reduced financial flexibility and worried investors about future cash generation.

  • Zacks downgrade to Strong Sell Zacks downgraded the shares to Strong Sell after a $1.99 EPS miss, adding to negative sentiment and selling pressure.

    The downgrade reflected and amplified concerns about earnings and execution.

  • Record backlog up 13% to $27.8B AECOM’s backlog rose 13% to a record $27.8 billion, with strong U.S. infrastructure and data-center demand, while new AI, UK framework, water, and rail wins support future growth—though they don’t resolve near-term cash issues.

    This shows strong demand and future revenue potential, offsetting some negative news.

August 2026
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AECOM's record backlog offset by $337M charge and cash-flow cuts

  • Record backlog and margin raise vs. $337M charge AECOM posted a record backlog (up 13%) and raised its full-year EBITDA margin outlook, but a $337 million pretax charge on a delayed construction project wiped out quarterly profit and forced $185 million of cash use. The charge is the main reason the stock is under pressure.

    This is the central event of the period, explaining both the positive backlog story and the negative earnings hit.

  • Guidance cut and weak cash flow AECOM cut its fiscal 2026 revenue and free-cash-flow guidance (cash flow from $400M to about $300M) and expects roughly $500 million more cash burn in the first half of fiscal 2027. Lower cash means less money for buybacks, dividends, or debt reduction, which weighs on the stock.

    Guidance cuts directly change what investors expect AECOM to earn and are a key driver of the negative price reaction.

  • Analyst downgrade to Strong Sell Zacks named AECOM its Bear of the Day and ranked it #5 (Strong Sell) after the company missed earnings estimates by $1.99 per share. A sell rating from a widely followed research firm can push more investors to sell, adding downward pressure on the price.

    Analyst ratings influence investor sentiment and can amplify price moves, making this a relevant driver.

  • New water and rail contract wins AECOM won several major contracts, including a roughly £340 million Thames Water upgrade and a Silicon Valley water-reuse design job. These wins support future revenue and show its water pipeline is growing, but they are smaller than the charge and do not fix near-term cash problems.

    Contract wins are the main positive demand driver this period, showing the underlying business still wins work.

Latest
▼2▲1

AECOM's record backlog offset by $337M charge and cash-flow cuts

  • Record backlog and margin raise vs. $337M charge AECOM posted a record backlog (up 13%) and raised its full-year EBITDA margin outlook, but a $337 million pretax charge on a delayed construction project wiped out quarterly profit and forced $185 million of cash use. The charge is the main reason the stock is under pressure.

    This is the central event of the period, explaining both the positive backlog story and the negative earnings hit.

  • Guidance cut and weak cash flow AECOM cut its fiscal 2026 revenue and free-cash-flow guidance (cash flow from $400M to about $300M) and expects roughly $500 million more cash burn in the first half of fiscal 2027. Lower cash means less money for buybacks, dividends, or debt reduction, which weighs on the stock.

    Guidance cuts directly change what investors expect AECOM to earn and are a key driver of the negative price reaction.

  • Analyst downgrade to Strong Sell Zacks named AECOM its Bear of the Day and ranked it #5 (Strong Sell) after the company missed earnings estimates by $1.99 per share. A sell rating from a widely followed research firm can push more investors to sell, adding downward pressure on the price.

    Analyst ratings influence investor sentiment and can amplify price moves, making this a relevant driver.

  • New water and rail contract wins AECOM won several major contracts, including a roughly £340 million Thames Water upgrade and a Silicon Valley water-reuse design job. These wins support future revenue and show its water pipeline is growing, but they are smaller than the charge and do not fix near-term cash problems.

    Contract wins are the main positive demand driver this period, showing the underlying business still wins work.

July 2026
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AECOM's old-project charge crushes profit and cash outlook

  • Surprise loss on 2019 contract AECOM took a $337 million pre-tax charge on a construction-management job signed in 2019, turning a expected profit into a quarterly loss and cutting full-year earnings guidance. This is the main reason the stock fell to a 52-week low, because investors now doubt how well the company controls project risk.

    It is the single biggest new event driving the stock down and resetting expectations.

  • Free cash flow guidance cut Management cut this year's free cash flow target to $300 million from $400 million and warned of about $500 million in cash pressure into early fiscal 2027. Less cash coming in means less money for buybacks, dividends or debt reduction, which weighs on the shares.

    It explains the cash strain behind the selloff, not just the accounting loss.

  • Record backlog shows demand intact Even with the loss, AECOM's backlog rose 13% to a record $27.8 billion, with a book-to-burn ratio of 1.6, meaning it won far more work than it billed. Strong demand from U.S. infrastructure and data-center projects is a real counterweight to the bad news.

    It is the main positive force keeping the long-term story alive despite the charge.

  • AI and UK framework expand opportunity AECOM is winning work by using AI tools on big projects and expanded its role on a $4.7 billion UK government framework into defense, nuclear and flood-risk work. These add to its addressable market and support future growth, though they are smaller than the charge's hit.

    It shows the growth drivers that could offset the project loss over time.

▲2▼2

AECOM's old-project charge crushes profit and cash outlook

  • Surprise loss on 2019 contract AECOM took a $337 million pre-tax charge on a construction-management job signed in 2019, turning a expected profit into a quarterly loss and cutting full-year earnings guidance. This is the main reason the stock fell to a 52-week low, because investors now doubt how well the company controls project risk.

    It is the single biggest new event driving the stock down and resetting expectations.

  • Free cash flow guidance cut Management cut this year's free cash flow target to $300 million from $400 million and warned of about $500 million in cash pressure into early fiscal 2027. Less cash coming in means less money for buybacks, dividends or debt reduction, which weighs on the shares.

    It explains the cash strain behind the selloff, not just the accounting loss.

  • Record backlog shows demand intact Even with the loss, AECOM's backlog rose 13% to a record $27.8 billion, with a book-to-burn ratio of 1.6, meaning it won far more work than it billed. Strong demand from U.S. infrastructure and data-center projects is a real counterweight to the bad news.

    It is the main positive force keeping the long-term story alive despite the charge.

  • AI and UK framework expand opportunity AECOM is winning work by using AI tools on big projects and expanded its role on a $4.7 billion UK government framework into defense, nuclear and flood-risk work. These add to its addressable market and support future growth, though they are smaller than the charge's hit.

    It shows the growth drivers that could offset the project loss over time.