AMATA's share price has surged 63% in 2026 from the start of the year to the end of July. Analysts at Yuanta Securities Thailand have raised their year-end 2026 target price to 38.75 baht from 31.40 baht, while maintaining a buy recommendation. The current valuation remains attractive at a 2026 price-to-earnings ratio of just 8 times, with a projected 2026 dividend of 1.41 baht, implying a dividend yield of 5.0%. For the second quarter of 2026, core profit is expected at 1.138 billion baht, down 14.3% from the previous quarter but surging 352.4% from the same period last year. Key drivers include a 44% year-on-year increase in the average land transfer price and total land transfers of 287 rai, up 67.1% from a year earlier, though down 6.1% from the prior quarter. Land transfers in Chonburi accounted for as much as 94% of the total, pushing the average transfer price this quarter to around 8 million baht per rai, flat from the previous quarter but up significantly from 5.6 million baht in the second quarter of 2025. If profit meets expectations, first-half 2026 earnings would represent 75.5% of the previous full-year forecast. The analyst has also raised 2026 and 2027 core profit estimates to 4.042 billion baht and 4.267 billion baht respectively, with full-year average land transfer prices projected at 7.5 million and 7.7 million baht per rai.
Amata Corporation Public Company LimitedYuanta raises target price and expects Q2 profit surge 352% YoY