Neutral Rating Maintained, With Risks to Limit the Upside
The SETENERG has gained 16% from its April low (vs. the SET at +17%) and is currently trading at 0.72x PBV (-1.75 S.D.) from the low point in...
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Earnings Downgrade and TP Cuts Neutral
With the economic damage from COVID-19 increasing the risk of a global recession alongside the oil price war, the commodities-linked sector is not...
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WHA CORPORATION Plc. (WHA): 1Q26E Core Profit Likely Declined YoY And QoQ On A High Transfer Base
The impact from Middle East tensions remains limited, as demand from DC, EV, and electronics clients continues to support investment in Thailand.
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WHA CORPORATION Plc. (WHA): 4Q25E Transfers Likely Surged Despite Softer Presales
We raise 2025–27E core profit forecasts, reflecting stronger 4Q25E transfers driven by the recognition of 450 rai from a third plots of data center...
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Special Report - Lower Rates Lift SET 20063 EPS; Top Picks: GULF, BCPG, EGCO, LH
Over a year of declining interest rates has saved SET-listed companies more than Bt14bn per quarter in interest expenses, as the effective interest...
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