WHA Sets New High at ฿4.72, Increasing in Sale, Analyst recommends “BUY” TP at ฿4.89

In the morning session, the share price of WHA Corporation Public Company Limited (WHA) closed at THB4.66, increased THB0.10 or 2.19%. During the session, the highest share price was at THB 4.72 and lowest at THB 4.60 with a trading value of THB667 million. Moreover, WHA’s share price has reached the highest point since entering to trade in SET on 8 Nov 2012.

Phillip Securities (Thailand) recommends “BUY” WHA due to the share price has reached a new high and sets a support line at THB4.46 while setting a resistance line at THB4.68 and THB4.80 and cut loss at THB4.40.

Asia Plus Securities says the Federation of Thai Industries (F.T.I) has revealed a result of Thailand’s Thai Industries Sentiment Index (TISI) in 2019 to recover to 95.9 points in May from 95 points in April, as a result of a high consumption of clothes as a new school semester and a continuously increase of electricity sales in the summer period. Moreover, an increase in the sale of construction materials which is supported by the investment in government projects.

The recovery of industrial index growth reflects the confidence of private investments. The growth of consumption supports the industry to expands and increases the production capacity which accord with the economic stimulus plan of the government.

Moreover, Asia Plus Securities also recommends “BUY” AMATA share price at THB35.70/share and “BUY” WHA share price at THB4.89/share. Both of AMATA and WHA have a Land Bank to support the demand of land more than 10,000 rai in the Eastern Economic Corridor (EEC). Asia Plus Securities expects the growth of AMATA and WHA in 2019 will grow to 71.7% and 23.9% respectively when compared to the same period of the previous year.