WHA CORPORATION Plc. (WHA): 3Q25 Bottomed Out; 4Q25E To Improve On DC Land Transfers
3Q25 core profit fell YoY/QoQ and should mark the year’s low, as weak IE revenue outweighed higher excessive-charge income, which should continue...
150 Views
WHA CORPORATION Plc. (WHA): IE GPM Decline Pressures 3Q25E Profit...
We roll forward to a 2026E FV of Bt3.64, based on a 6.9% required return and new assumptions of Rf 1.04% and MRP 5.81% (vs Bt3.78/7.0%/1.45%/5.26%...
98 Views
WHA CORPORATION Plc. (WHA): The 2H25E Outlook Remains In Line With Expectations
The company reaffirmed its 2025E targets of land presales at 2,350 rai, an additional 200,000 sqm of rental space, and the sale of 70,000 sqm of...
245 Views
Wha Corporation - 2Q25 Earnings Weak as Expected
For 2026E, presales are expected to decline from a high base, pressuring long-term EPS to contract at a CAGR of -6%, in line with the industry.
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Wha Corporation - Expect Low Presales and Transfers in 2Q25E
We take a negative view on the outlook for presales and transfers in 2Q25E, which are expected to have remained weak and pressured core profit to...
223 Views