Dendao Komolmas, Chief Financial Officer of Amata Corporation Public Company Limited (SET: AMATA), revealed that operations in the second quarter of 2026 continues to show a positive trend.
Currently, AMATA has customers in the pipeline in both Thailand and Vietnam. The company will expedite the closing of these land sales deals to help boost sales for this quarter. The company believed that the overall land sales performance in the first half of 2026 will improve compared to the same period last year, due to the company’s ongoing effort to close deals with high-profile customers.
According to AMATA, the impact from the Middle East war is considered limited. The company continues to see steady investments from foreign investors, which is a positive factor for this quarter as well. Presently, investment trends show sustained demand for land in industrial estates, particularly from the technology, electronics, data center, and clean energy industries, who are continually interested in investing.
The overall 2026 performance outlook remains positive, with continuous growth in all business segments. This year, the company maintains its land sales target at 2,800 rai, owing to continued demand. Thus, the company is confident that the land sales target will be achieved, which will in turn support overall revenue growth from land sales this year compared to the previous year.
At the same time, profit margins will remain high, due to land ownership transfers in Chonburi’s industrial estates at favorable selling prices, resulting in a high gross profit margin.
Currently, the company has a backlog valued at THB 19.704 billion, and approximately 50% of that can be recognized as revenue during the remainder of this year. Meanwhile, the company also has a total of 19,371 rai of undeveloped land available for sale, which will be gradually recognized as revenue to support future growth. The company places importance on managing financial structures to maintain the debt-to-equity ratio (D/E Ratio), which currently stands at 1.25 times.
Yasuo Tsutsui, Chief Executive Officer, Real Estate Business Group in Thailand and acting Chief Marketing Officer of AMATA, stated that the overall industrial estate market in 2026 continues to benefit from foreign direct investment (FDI) and the relocation of production bases to the ASEAN region, particularly Thailand and Vietnam, which remain key production hubs for technology, electronics, data centers, and clean energy industries.
According to the Board of Investment (BOI), in 1Q26, total investment promotion applications exceeded THB 1.01 trillion, an increase of 2.4 times from the same period last year. The digital sector led with over THB 870 billion, reflecting continually growing investment demand in technology infrastructure and AI.
