On Monday at 10:35 AM (Bangkok time), the share price of WHA Corporation Public Company Limited (SET: WHA) rose by 3.47% or THB 0.10 to THB 2.98, with a trading value of THB 329.06 million.
Maybank Securities (Thailand) noted that U.S. import tariffs will not affect WHA’s land transfer plans in 2025. The company plans to transfer up to 2,251 rai, with revenue already partly recognized in the first quarter of the year from clients in the data center business, which are not impacted by the imposed tariffs.
Meanwhile, WHA shares have underperformed the market, declining roughly 17% since the U.S. announced its reciprocal tariff measures. This may present a buying opportunity for investors, with optimism that during the scheduled negotiations between the Thai and U.S. representatives on April 23, there might be a reduction in import duty from 36%. Such an outcome could support a recovery in WHA’s stock price in the future, with a strategic target set at 4 baht per share.
