Wha Corporation - Downbeat 3Q24 Earnings Due to Low Transfers and GPM
We maintain a Neutral rating with a negative view on the fundamentals, as the stock price has increased by 9% YTD, creating upside of approximately...
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WHA CORPORATION - Intact Presales Growth from DC, with Further Growth in 2025E
We expect core profit for 3Q24E to have increased YoY, driven by higher land transfers and an improved GPM in industrial estates, while it is...
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Wha Corporation - Bullish View on 2Q24 Core Profit and Upbeat GPM from IE Business
We are optimistic based on the upbeat 2Q24 earnings, driven by a robust gross profit margin (GPM) of 64% from the industrial estate business and...
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Wha Corporation - 2Q24E Profit Growth YoY; Better 2H24E Earnings HoH on Higher Transfers
The valuation metrics suggest a strong fundamental outlook, favorable long-term earnings prospects, and a neutral tactical perspective.
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Wha Corporation - Continued Relocations of Production Bases
We initiate our coverage on WHA with an Outperform rating and a 12M FV at Bt5.60, based on a required rate of return of 6.2% (reflecting the PER...
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