Shares of Ch. Karnchang Plc (CK) and its subsidiaries had become the most outstanding stocks amongst the market’s cheap in the eye of local and foreign investors last week, helped by the company’s promising fundamentals.

Analysts remarked that CK share prices remains at a level below its intrinsic value comparing to the Group’s financial reports.

“Shares of the Group have been fallen into a dormant status for so long, pressing prices to stay at under its fundamental level,” according to people familiar with stock analysis.

Shares of CK Group include Ch. Karnchang Plc (CK), Bangkok Metro Plc (MBCL), Thai Tap Water Plc (TTW), and Bangkok Expressway Plc (BECL).

The Group parent company, CK, is currently undergoing its financial restructure scheme in brace for capital raising and business expansion in the future.

The company last week won the government’s two extension mass rapid transit projects worth collectively more than 20.0 billion baht.

Siam City Securities predicts the contractor is expected to report a net profit of 55 million baht for the second quarter of the year.

The brokerage commented that t the Group will have cash flow of more than 100 billion baht annually upon the completion of the construction projects and the public service opening of its concessional rail lines, or approximately five year from now.