Stock Dimension – AP shows excellent transfer numbers from Q2/67 onwards, 3 projects worth more than 10 billion baht, new projects opening this year, 48 projects worth 58 billion baht.
AP or AP (Thailand) Public Company Limited from Krungsri Patanasin Securities said it expects the net profit trend in Q2/67 to be much better than the previous quarter and stable at a high level yy due to handovers of 3 projects worth a total of 11.5 billion baht, including low-end projects, are expected to benefit from measures to reduce transfer and mortgage fees for households <7.0 million baht.
Making it expected that the backlog transfer will do better, maintaining net profit 67 at 6.41 billion baht (+6% yy).
“Mid-high projects are the most outstanding and receive reduced interest rates.”
CGS International Securities (Thailand) said it expects AP this year to have the lowest presales and net profit in Q1/24 at 9.5 billion baht and 1.23 billion baht. Billion baht, believing that AP will benefit from the downward trend in the policy interest rate in Q2/24 because it has a high share of mid to high end projects IAA Consensus 13.90 baht/share.
A luxury backlog worth 37 billion
While “Wittakarn Chantavimon” Deputy Managing Director AP Corporate Strategy and Creation Department said the sales target in 2024 is 57 billion baht There are plans to launch 48 new projects worth 58 billion baht Currently, there is a backlog of 37.1 billion baht.
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