The share price of Amata Corporation Public Company Limited (SET: AMATA) rose 4.11% to THB 15.20 per share during the morning session on November 11, 2025, amid expectations for its strong FY2H25 earnings.
Maybank Securities (Thailand) (MST) expects FY2H25 profits to grow sharply by 129% HoH, supported by increased transfer volumes, particularly for land in Chonburi Province, which commands higher prices and profit margins than elsewhere. Moreover, the BOI board is expediting investments requested in 2023-2024, with a total value exceeding THB 300 billion.
Meanwhile, the 2026 PE valuation stands at only 5x (-2SD), while the firm expects 2024-2027 profits to grow at an average of 18% per year. In addition, land values are currently discounted by up to 68%, providing limited downside risk. MST recommends target price for AMATA at THB 25.00 per share.
