On Wednesday at 11:43 AM (Bangkok time), the share price of Sansiri Public Company Limited (SET: SIRI) increased by 3.07% or THB 0.05 to THB 1.68, with a trading value of THB 67.93 million.
AP (Thailand) Public Company Limited (SET: AP) jumped by 6.83% or THB 0.55 to THB 8.60, with a trading value of THB 220.66 million.
Origin Property Public Company Limited (SET: ORI) surged by 5.84% or THB 0.18 to THB 3.26, with a trading value of THB 14.10 million.
Ananda Development Public Company Limited (SET: ANAN) rose by 4.76% or THB 0.02 to THB 0.44, with a trading value of THB 385,920.
Supalai Public Company Limited (SET: SPALI) grew by 4.43% or THB 0.70 to THB 16.50, with a trading value of THB 74.24 million.
Land and Houses Public Company Limited (SET: LH) expanded by 3.08% or THB 0.14 to THB 4.68, with a trading value of THB 120.83 million.
DAOL Securities (Thailand) noted that the real estate sector in Thailand is expected to see a boost in sentiment due to potential easing of the Loan-to-value ratio (LTV) by the Bank of Thailand (BOT). This adjustment may spur increased real estate transactions, especially among buyers with purchasing power for second and third residences, thereby freeing up unsold rooms and properties for companies.
These advancements are anticipated to benefit major companies with substantial amounts of unsold rooms and properties along with higher backlogs, such as SIRI, SPALI, and ORI. Specifically, the analyst views SIRI favorably over the others, projecting the company to achieve record profits in 2025. This outlook is based on SIRI’s strategies to enhance market share, strong sales performance of low-rise residential properties, and an attractive dividend yield of approximately 8-9% for the year.
In addition, CGS International Securities (CGSI) stated that the temporary relaxation of the LTV ratio is projected to drive a 10-12% increase in property transfers among mid to high-income homebuyers. Developers heavily invested in the mid to high-end market segments and those with significant ready-to-move-in inventory are expected to reap the most benefits from this adjustment.
The analyst predicted companies such as AP, SPALI, SIRI, LH, ORI, PSH, and ANAN to be the primary beneficiaries of LTV relaxation. A resurgence in property stocks that experienced recent sell-offs is also anticipated, specifically LH, SPALI, AP, PSH, and ORI.
