Kasikornbank Securities Maintains 'Buy' Rating on WHA Amid Land Transfer Recovery and Regulatory Tailwinds
Mitihoon
Key summary
Kasikornbank Securities (KS) forecasts a clear recovery for WHA in the second half of 2026, driven by increased industrial land transfers. The first half of the year saw 505 acres transferred, down from 1,143 acres in the same period last year. Continued land sales are expected to replenish the backlog and support fiscal 2027 earnings. Regulations regarding data centers, electric vehicles (EV), and semiconductors are anticipated to boost industrial land demand. WHA holds a competitive advantage due to its comprehensive utility and energy infrastructure. An expanding customer base is expected to generate long-term recurring revenue from utilities and rental real estate businesses. KS maintains a 'buy' recommendation with a target price of 6.25 baht, citing second-half business recovery, regulatory progress, and land sales in Vietnam as key drivers for investor interest and stock price.
M31 has compiled the key facts based on reporting from the source below. Please refer to the original article for details.
This article was restructured with AI-assisted translation and may contain errors. Please refer to the original source below for accuracy.
Official source
Mitihoon
Read original ↗https://www.mitihoon.com/2026/10/25/688567/