On Tuesday at 12:11 PM (Bangkok time), the share price of Land and Houses Public Company Limited (SET: LH) surged by 1.89% or THB 0.08 to THB 4.32, with a trading value of THB 51.77 million.
AP (Thailand) Public Company Limited (SET: AP) increased by 1.99% or THB 0.15 to THB 7.70, with a trading value of THB 83.99 million.
Ananda Development Public Company Limited (SET: ANAN) rose by 6.25% or THB 0.03 to THB 0.51, with a trading value of THB 2.20 million.
Supalai Public Company Limited (SET: SPALI) grew by 1.88% or THB 0.30 to THB 16.30, with a trading value of THB 64.11 million.
Sansiri Public Company Limited (SET: SIRI) added 1.41% or THB 0.02 to THB 1.44, with a trading value of THB 77.72 million.
Asia Plus Securities stated that the rebound in Thai property stocks is merely a technical recovery following significant declines on Monday.
Overall, the real estate sector has not shown improvement, and the recent earthquake exacerbates the situation. Condominium sales are expected to slow further, despite showing signs of recovery at the end of last year. The condominium sector, which developers see as hopeful, faces intense competition from the traditional housing market.
The analyst noted that the situation needs careful assessment, especially concerning consumer confidence after the earthquake, which could affect the launch of new projects. The question remains whether banks will increase lending, particularly given that condominium prices have already decreased.
Lenders will likely reconsider the valuation of condominium projects, which serve as collateral, given their declining value. It remains uncertain when the real estate sector will recover.
Therefore, the analyst advised traders to hold off on investing for the time being and adopt a wait-and-see approach.
