Italian-Thai soars on regional railway contract

Shares of Italian-Thai Development (ITD), a one-stop service contractor, soared 18.06 per cent to 1.83 baht before falling slightly to 1.77 baht Wednesday morning, after the company signed a contract to construct a regional railway from the State Railway of Thailand.

ITD’s transaction value stood at 550 million baht, heavily traded compared to 45.3 million baht on Monday where it closed at 1.55 baht.

The statement, uploaded after trading hours on Monday, said that Italian-Thai will build Section 1 of the high-speed inter-regional railway, the stretch between Bangkok and Nakhon Ratchasima, under a cooperation between the Thai and Chinese governments.

The contract includes the construction of a high-speed rail depot in the Chiang Rak Noi area, including an operating control centre and track maintenance facilities.

The contract also mentions roadworks, drainage, and utility diversions. The project is worth 6.57 billion baht with the duration of work of 1,080 days, according to the statement.

Nawarat Patanakarn (NWR) and Unique Engineering and Construction (UNIQ) also jumped 14.86 per cent to 0.85 baht and 4.46 per cent to 5.85 baht, respectively, after each announced their own construction contracts with the State Railway of Thailand.

Stock Price Info

Stock Fundamental

Peer Comparison

Stock Price Chart

Listen to this story

COVID-19

Is a Wuhan lab leak the origins of the Covid-19 pandemic?

Hi, joining me today on the podcast is Alina Chan, a Post Doctorate researcher at the Broad Institute of...

Latest article

Is a Wuhan lab leak the origins of the Covid-19 pandemic?

Hi, joining me today on the podcast is Alina Chan, a Post Doctorate researcher at the Broad Institute of MIT and Harvard. Alina has made...

Thailand’s conservative elite are rethinking the government after the latest covid fiasco

Longtime supporters of the Prayut Chan-ocha government are rethinking their support of the government after the latest mismanagement of the Covid-19 pandemic.With case...

The Thai government owes us answers to some important questions

The third wave of the pandemic is well and truly underway in Thailand with case numbers rapidly approaching 1,000 new cases per day.The...

Guest Blog: A young covid patient in India reflects on catching the virus

Nandini Paul is a 12 year old writer living in India. Over the past two weeks, she has contracted the new strain of the...

Vice tried to alter history with photoshopped Khmer Rouge victim photos

Altered Khmer Rouge victim photos were falsifying history I didn’t think too much of it at first when I first opened Vice’s article on the...
Listen to this story