Supalai stock falls 0.63 percent as Q2 profit jumps

Published on 10/06/2026 at 13:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Supalai stock traded at THB 15.80 on October 6, while Q2 revenue reached THB 6,936.33 million. InnovestX raised its target from THB 16.30 to THB 19.00 on September 28.

Supalai, TH0371010Z05, Illustration mit AI erstellt.

Supalai stock (ISIN TH0371010Z05) fell 0.63 percent to THB 15.80 on the Stock Exchange of Thailand on October 6, 2026, while the companys latest quarter delivered THB 6,936.33 million in revenue and THB 1,646.74 million in net income. The Q2 2026 figures put the focus on whether Australian projects and condominium transfers can sustain earnings through the second half.

Q2 profit rises from Q1

Investing.com reported Q2 2026 revenue of THB 6,936.33 million, compared with THB 3,791.57 million in Q1 2026, while net income rose from THB 402.11 million to THB 1,646.74 million. The same report lists Q2 earnings per share at THB 0.84 against a forecast of THB 0.42, and revenue at THB 6,940 million against a forecast of THB 4,860 million.

The revenue comparison shows a sharp sequential improvement, but the quarterly pattern matters for interpretation. Supalai had THB 12.9 billion in first-half presales, equal to 43 percent of its THB 30 billion full-year target, according to InnovestX in its September 28, 2026 company update.

Australia lifts the earnings case

InnovestX upgraded Supalai from Neutral to Outperform on September 28, 2026, and raised its mid-2027 price target from THB 16.30 to THB 19.00. Its report points to THB 15.38 billion of backlog, with THB 6.6 billion, or 43 percent, scheduled for recognition in the second half of 2026.

The research note also lifted its 2026 net profit forecast by 5 percent, citing an 8 percent increase in expected Australian profit sharing to THB 1.2 billion. That figure represents a 69 percent year-over-year increase and gives the overseas portfolio a larger role in the earnings profile.

Consensus target stays above price

The 14-analyst consensus on Investing.com is Buy, with 9 Buy ratings, 5 Hold ratings and 1 Sell rating. The average 12-month target is THB 17.55, with a high of THB 21.00 and a low of THB 15.60; against THB 15.80, the average target lies 11.1 percent above the price.

InnovestX also identifies inventory management and competition as risks, while its forecast assumes that backlog transfers and Australian profit sharing support second-half earnings. For investors, the key test is whether the reported Q2 improvement becomes a repeatable run rate rather than a one-quarter effect.

Stock stays below yearly high

Supalai stock was last at THB 15.80 on the SET on October 6, 2026, at 4:37 p.m. ICT, down THB 0.10 from the prior close. The 52-week range was THB 14.80 to THB 19.00, leaving the shares 16.8 percent below the high.