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Thai (SET) Real Estate Sector Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies127
  • 7D-0.7%
  • 3M-3.8%
  • 1Y-12.2%
  • YTD-7.6%

Last week, the Real Estate industry hasn't moved much but WHA Corporation is up 6.9% in that time. Unfortunately though, the industry is down 12% over the past 12 months. Earnings are forecast to grow by 7.0% annually.

Sector Valuation and Performance

Has the Thai Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024฿1.2t฿510.3b฿85.1b12.6x14x2.3x
Tue, 16 Apr 2024฿1.2t฿508.1b฿85.5b12.6x14.3x2.4x
Thu, 14 Mar 2024฿1.2t฿508.1b฿85.5b12.6x14.3x2.4x
Sat, 10 Feb 2024฿1.2t฿511.1b฿90.6b11.2x13.5x2.4x
Mon, 08 Jan 2024฿1.3t฿512.3b฿88.0b11.5x14.4x2.5x
Wed, 06 Dec 2023฿1.2t฿512.9b฿88.0b10.9x13.9x2.4x
Fri, 03 Nov 2023฿1.2t฿512.3b฿85.8b11x13.9x2.3x
Sun, 01 Oct 2023฿1.2t฿510.7b฿85.5b11.3x14.6x2.4x
Tue, 29 Aug 2023฿1.3t฿510.7b฿85.5b12.1x15.4x2.6x
Thu, 27 Jul 2023฿1.3t฿509.4b฿86.6b12.1x14.9x2.5x
Sat, 24 Jun 2023฿1.3t฿509.3b฿86.6b12.4x14.7x2.5x
Mon, 22 May 2023฿1.3t฿504.1b฿85.2b12.2x15.4x2.6x
Wed, 19 Apr 2023฿1.4t฿495.8b฿82.6b13.4x16.7x2.8x
Fri, 17 Mar 2023฿1.3t฿496.7b฿81.9b13.3x16.2x2.7x
Sun, 12 Feb 2023฿1.4t฿468.0b฿69.7b13.1x20.7x3.1x
Tue, 10 Jan 2023฿1.4t฿466.8b฿71.2b13x19.6x3x
Thu, 08 Dec 2022฿1.4t฿466.5b฿70.9b12.7x19.2x2.9x
Sat, 05 Nov 2022฿1.3t฿436.6b฿53.0b12.6x24.9x3x
Mon, 03 Oct 2022฿1.3t฿433.3b฿52.6b12.9x24.3x3x
Wed, 31 Aug 2022฿1.3t฿433.3b฿52.6b13.6x24.8x3x
Fri, 29 Jul 2022฿1.3t฿417.5b฿41.3b13.3x30.6x3x
Sun, 26 Jun 2022฿1.3t฿417.9b฿42.6b13.6x29.6x3x
Tue, 24 May 2022฿1.3t฿418.3b฿41.9b13.9x31.2x3.1x
Thu, 21 Apr 2022฿1.3t฿412.1b฿43.3b14.5x31.1x3.3x
Sat, 19 Mar 2022฿1.3t฿412.1b฿43.3b14.4x30.6x3.2x
Mon, 14 Feb 2022฿1.3t฿409.3b฿41.0b14.6x32.8x3.3x
Wed, 12 Jan 2022฿1.3t฿409.2b฿40.8b14.3x31.7x3.2x
Fri, 10 Dec 2021฿1.3t฿405.9b฿40.3b13.9x31.9x3.2x
Sun, 07 Nov 2021฿1.3t฿423.6b฿55.1b14x23.8x3.1x
Tue, 05 Oct 2021฿1.3t฿424.1b฿55.4b13.9x22.7x3x
Thu, 02 Sep 2021฿1.3t฿425.4b฿54.7b13.7x23.1x3x
Sat, 31 Jul 2021฿1.2t฿425.4b฿54.7b13.4x21.7x2.8x
Price to Earnings Ratio

23.2x


Total Market Cap: ฿1.2tTotal Earnings: ฿53.0bTotal Revenue: ฿419.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Real Estate Sector Price to Earnings3Y Average 21.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Thai Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.0x which is lower than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 6.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Real Estate sector?

TH Market0.78%
Real Estate-0.70%
REITS0.50%
Health Care REITs0%
Industrial REITs-0.33%
Hotel and Resort REITs-0.40%
Residential REITs-0.42%
Real Estate-0.69%
Office REITs-0.79%
Specialized REITs-0.97%
Retail REITs-1.27%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry, which is trading close to its 3-year average PE ratio of 24.2x.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings growth of 9.7% per year.
  • Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 16.2x.
Forecasted Growth
  • Analysts are most optimistic on the Specialized REITs industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 9.7% per year.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 5.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WHA WHA Corporation฿5.406.9%
+฿5.2b
31.7%PE15.3x
CPN Central Pattana฿62.750.4%
+฿1.1b
-8.4%PE17.6x
AMATA Amata Corporation฿23.102.2%
+฿575.0m
9.0%PE14.3x
MBK MBK฿17.601.1%
+฿307.6m
13.5%PE13.1x
S Singha Estate฿0.833.8%
+฿205.6m
-45.0%PE23x
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Latest News

ORI

฿6.10

Origin Property

7D

-5.4%

1Y

-41.3%

MBK

฿17.60

MBK

7D

1.1%

1Y

13.5%

JCK

฿0.39

JCK International

7D

14.7%

1Y

95.0%

CPNREIT

฿10.00

CPN Retail Growth Leasehold REIT

7D

-2.0%

1Y

-23.1%

RML

฿0.46

Raimon Land

7D

9.5%

1Y

-30.3%

AMATA

฿23.10

Amata Corporation

7D

2.2%

1Y

9.0%

SC

฿3.22

SC Asset Corporation

7D

-9.0%

1Y

-21.8%

LH

฿6.80

Land and Houses

7D

-4.2%

1Y

-20.9%

PSH

฿10.20

Pruksa Holding

7D

-10.5%

1Y

-18.4%

CPN

฿62.75

Central Pattana

7D

0.4%

1Y

-8.4%

S

฿0.83

Singha Estate

7D

3.8%

1Y

-45.0%

AP

฿9.25

AP (Thailand)

7D

-2.6%

1Y

-12.7%

WHA

฿5.40

WHA Corporation

7D

6.9%

1Y

31.7%

QH

฿2.06

Quality Houses

7D

-2.8%

1Y

-9.6%