Amata Corporation Public Company LimitedKasikorn Securities highlights AMATA as a beneficiary of stricter data center oversight, which may increase demand for industrial estates.
The Board of Investment is preparing to review its consideration framework and raise the screening intensity for data center projects, setting at least four criteria dimensions: benefits to the country, energy readiness and security, readiness and efficiency in water resource use, and environmental impact and measures. The BOI Secretary-General disclosed that between 2024 and 2026, 42 data center projects have been approved for investment promotion, with a combined processing capacity of 3,400 megawatts and total investment of 750 billion baht. However, since April 2026, no new applications have been submitted. Kasikorn Securities views this as positive for stocks in the data center and industrial estate theme, namely WHA and AMATA, as well as power plant and water utility stocks, including GULF, BGRIM, EASTW, and WHAUP.
Amata Corporation Public Company LimitedKasikorn Securities highlights AMATA as a beneficiary of stricter data center oversight, which may increase demand for industrial estates.
WHA Corporation Public Company LimitedKasikorn Securities highlights WHA as a beneficiary of stricter data center oversight, which may increase demand for industrial estates.
WHA Utilities and Power Public Company LimitedKasikorn Securities highlights WHAUP as a beneficiary of stricter data center oversight, which may increase demand for water utilities.
B.Grimm Power Public Company LimitedKasikorn Securities highlights BGRIM as a beneficiary due to increased power demand from data centers.
Gulf Energy Development Public Company LimitedKasikorn Securities highlights GULF as a beneficiary due to increased power demand from data centers.
Eastern Water Resources Development and Management Public Company LimitedKasikorn Securities highlights EASTW as a beneficiary due to increased water demand from data centers.