Equity Analysis /
Thailand

TH : Amata Corporation - Strong rebound in domestic land transfers

    Pornthipa Rayabsangduan
    CGS-CIMB
    31 March 2022
    Published by

    We forecast AMATA’s FY2022F land presales at 1,006 rai (+10.2% yoy). We expect strong recovery in its land transfers in Thailand to 505 rai (+90.9% yoy), from its sizeable backlog and Thai borders reopening. Reiterate Add, with a slightly higher TP of THB24.60.