On Friday, the share price of Amata Corporation Public Company Limited (SET: AMATA) in the morning session was closed at THB 16.60, a THB 0.60 or 3.75% increase with a total trading value of THB 824.56 million.
Meanwhile, the share price of WHA Corporation Public Company Limited (SET: WHA) at the same time was THB 3.66, a THB 0.18 or 2.23% increase with a total trading value of THB 988.72 million.
After weeks of negotiation, the United States has opted to reduce the tariff rate for Thai goods from 36% to 19%, a figure slightly lower than Vietnam’s 20% and in line with regional peers.
Bualuang Securities (BLS) expresses optimism towards the development, noting that the news has already been priced in by investors, following the recent increase in share prices of AMATA and WHA.
AMATA and WHA are currently trading at a 2026 Price-to-Earnings Ratio of 11-12 times, but the outlook for further earnings growth remains uncertain. As such, the securities firm recommends investors take profits on both stocks if the prices soar.
Meanwhile, BLS also states that the industrial estate sector has passed the peak season, with operators not targeting continued year-on-year growth in land bookings for 2025, despite profit expansion. This is caused by the lagging effect from 2024 sales.
Both companies’ 2Q25 profits are expected to grow year-on-year, but contract quarter-on-quarter, with WHA receiving tailwinds from asset sales into WHART. AMATA’s margins are anticipated to improve, with land transfers stabilizing compared to last year.
