InnovestX sees THB 913.00 million profit for Supalai stock

Published on 10/20/2026 at 20:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

InnovestX expects THB 6.10 billion third-quarter revenue for Supalai. Supalai stock costs EUR 0.41 at Lang & Schwarz on October 20, 2026 after hours.

Third-quarter earnings outlook

InnovestX projected THB 913.00 million third-quarter 2026 net income for Supalai on October 8, 2026.
Supalai reported THB 6.94 billion second-quarter revenue and THB 1.65 billion net income for the period ended June 30, 2026.
Supalai stock stood at EUR 0.41 at Lang & Schwarz on October 20, 2026 at 8:47 p.m. CEST.

Supalai, TH0371010R13, Illustration mit AI erstellt.

InnovestX projected THB 913.00 million in net income for Supalai in the third quarter of 2026, down 21.80 percent year over year and 44.60 percent quarter over quarter, in research dated October 8, 2026. The report also projected THB 6.10 billion in revenue, while Supalai stock was trading at EUR 0.41 at Lang & Schwarz on October 20, 2026 at 8:47 p.m. CEST.

Forecast points to a weaker quarter

According to InnovestX, the forecast reflects flood-disrupted transfers at a new condominium project and lower Australian profit sharing caused by seasonality. The research house estimated a 31.40 percent gross margin for the third quarter, compared with 35.30 percent in the third quarter of 2025 and 30.30 percent in the second quarter of 2026.

The same report put nine-month 2026 presales at THB 18.60 billion, equal to 62.00 percent of the full-year target of THB 30.00 billion. It also expected fourth-quarter launches worth THB 12.60 billion to support a recovery in presales.

What does the forecast imply?

The projected third-quarter net income of THB 913.00 million compares with THB 1.65 billion in the second quarter of 2026. Supalai's second-quarter revenue reached THB 6.94 billion, while earnings per share came to THB 0.87 for the period ended June 30, 2026, according to Investing.com.

Valuation and reporting date

Supalai last stood at THB 15.90 on the SET on October 20, 2026 at 4:36 p.m. ICT, against THB 15.80 at the prior close. The quote carried a price-to-earnings ratio of 6.60 and a market capitalization of THB 30.1 billion.

The next reporting date listed for Supalai is November 17, 2026, for the period ending September 2026, according to Investing.com. The company website identifies the second-quarter 2026 financial statement and management discussion as its latest reporting materials.

Comparison with peers

Supalai: 0.63 percent, P/E 6.60, market capitalization THB 30.1 billion.

AP (Thailand): 0.00 percent, P/E 5.57, market capitalization THB 24.7 billion.

Land and Houses: minus 0.57 percent, P/E 15.08, market capitalization THB 41.8 billion.

Stock stays in a narrow frame

The euro quotation provides the German-market view, while the SET price supplies the home-market context. InnovestX retained an Outperform view and a mid-2027 target of THB 19.00 in its October 8 research, placing the target 19.50 percent above the SET price of THB 15.90.

The further course of trading is shown by the continuously updated real-time quote of Supalai stock.