Key Indices
Top Stories
Asian Gems Corporate Highlights | WHA Corporation (WHA TB/BUY/Bt4.78/Target: Bt6.10)
- WHA remains confident of achieving its 2,500 rai land sales target for 2026, with acceleration in 2H26 given more than 1,400 rai of backlog scheduled for transfer in 2H26. DC demand remains intact, although upcoming regulations and power availability are key near-term uncertainties. In the longer term, management sees DCs, semiconductors and advanced electronics as growth drivers. We maintain our positive view on WHA’s earnings recovery and capital efficiency. Maintain BUY with an unchanged target price of Bt6.10.
Asian Gems Corporate Highlights | Central Retail Corporation (CRC TB/BUY/Bt30.25/Target: Bt35.00)
- There was a positive tone at the Asian Gems Conference. Management guided that SSSG in Jul-Aug 26 was at a low positive single digit yoy. In our view, with lower rainfall and improving consumer spending sentiment, the strong SSSG momentum could continue in Sep 26. Maintain BUY on CRC with a higher target price of Bt35.00 (from Bt33.00) following our earnings revision.
Top Stories
Asian Gems Corporate Highlights | WHA Corporation (WHA TB/BUY/Bt4.78/Target: Bt6.10)
- WHA remains confident of achieving its 2,500 rai land sales target for 2026, with acceleration in 2H26 given more than 1,400 rai of backlog scheduled for transfer in 2H26. DC demand remains intact, although upcoming regulations and power availability are key near-term uncertainties. In the longer term, management sees DCs, semiconductors and advanced electronics as growth drivers. We maintain our positive view on WHA’s earnings recovery and capital efficiency. Maintain BUY with an unchanged target price of Bt6.10.
Asian Gems Corporate Highlights | Central Retail Corporation (CRC TB/BUY/Bt30.25/Target: Bt35.00)
- There was a positive tone at the Asian Gems Conference. Management guided that SSSG in Jul-Aug 26 was at a low positive single digit yoy. In our view, with lower rainfall and improving consumer spending sentiment, the strong SSSG momentum could continue in Sep 26. Maintain BUY on CRC with a higher target price of Bt35.00 (from Bt33.00) following our earnings revision.
Key Indices
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