Equity Analysis /
Thailand

TH : Sansiri - Current valuation priced in

    CGS-CIMB
    20 August 2022
    Published byCGS-CIMB

    2Q22 core net profit increased 514% qoq and 35.6% yoy to THB786.8m due to THB383.9m income from forfeiture of down payments. SIRI maintains presales and transfers target for 2022F at THB35bn. Maintain Hold with TP of THB1.12.