SENA expects better fourth quarter of 2026, boosted by 10-billion-baht backlog and higher oil prices driving EV sales

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Sena Development Public Company Limited, or SENA, expects its business to improve in the fourth quarter of 2026 compared with the third quarter, driven by a large volume of pre-transfer sales, or backlog. Assistant Professor Dr. Kesara Thanyalakpark, Managing Director, said the company has a backlog of about 10 billion baht, most of which is expected to be recognised this year, with the remainder gradually recognised in the following year. At the same time, in 2026 the company is maintaining its plan to launch eight residential projects for sale, with a combined project value of more than 10 billion baht, comprising seven condominium projects and one low-rise project. Four projects were launched in the first half of this year, and the rest will be launched continuously over the remainder of the year. On the electric vehicle business operated by Sena Green Automotive Company Limited, or SENA Green Auto, which is a multi-brand EV platform and a dealer for three main electric vehicle brands, namely OMODA & JAECOO, LEAPMOTOR and DEEPAL, EV sales have grown outstandingly after global oil prices fluctuated and domestic retail oil prices rose, clearly improving EV demand and sales. At present, about 70% of SENA's revenue comes from the residential property development for sale group, and about 30% from non-property businesses, including rental warehouse projects, solar energy, the electric vehicle business, and the apartment rental and serviced apartment business.

Impact on stocks 3

Electrification & Mobility▲ · 2 stocks
Zhejiang Leapmotor Tech Co
9863
▲ PositiveDemandrelevance

Leapmotor is one of the three EV brands sold via SENA's multi-brand platform, benefiting from rising EV demand.

Energy Transition & Power Demand▲ · 1 stocks

Theme Impact 2

Off-coverage companies 1

Deepal Automobile (Changan Deepal)Private± Mixed
relevance

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