AP (Thailand)'s Earnings Visibility Likely to Improve -- Market Talk
Dow Jones2026/08/18 06:440644 GMT - AP (Thailand)'s earnings visibility likely to improve, UOB Kay Hian analysts say in a research report. The residential property developer's 2Q results beat expectations due to higher-than-anticipated gross margin stemming from a better product mix, the analysts note. The company has guided that 3Q will be peak season with launches of 17 projects valued at more than 17.90 billion baht, primarily driven by new project launches in Thailand's upcountry market. Also, ownership transfers from major joint-venture projects will probably contribute to 3Q earnings. The brokerage upgrades the stock's rating to buy from hold and raises the target price to 9.25 baht from 8.50 baht. Shares are 0.6% lower at 8.25 baht. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 18, 2026 02:44 ET (06:44 GMT)
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