On Tuesday, the share price of Amata Corporation Public Company Limited (SET: AMATA) at the time of 2.57 p.m. was at THB 24.10, a THB 2.60 or 12.09% increase with a total trading value of THB 954.08 million.
Kingsford Securities maintains its “Buy” recommendation for AMATA with a target price of THB 26.30, after the company demonstrated continued growth driven by industrial estate development in both Thailand and overseas.
For the first quarter of 2026, the company reported total revenue of THB 3,996 million, an increase of 17.87% compared to the same period last year. Net profit reached THB 1,424 million, up 52.25% year-on-year.
The main factor stemmed from real estate sales revenue of THB 2,486 million, up by 29.96% due to land transfers within industrial estates in Chonburi, Rayong, and Vietnam totaling 306.1 rai. As a result, the gross margin improved to 57.39% from 54.86% in the same period last year.
Currently, AMATA is developing industrial estate projects in four countries, covering a total area of approximately 94,206 rai, reflecting robust potential for further expansion to support continued growth of foreign direct investment (FDI).
Additionally, the company has signed a memorandum of understanding (MOU) with B.Grimm Power Public Company Limited (SET: BGRIM) to develop the “Amata European Smart City” project, covering 200 rai in the Amata City Chonburi Industrial Estate. This aims to attract investments in advanced technology and future industries, positioning Thailand as an integrated modern manufacturing hub.
For 2026, the company targets land sales of 2,800 rai. Currently, it holds a backlog valued at approximately THB 21,100 million, which will serve as a key revenue base to be realized gradually going forward.
