Supalai stock gains 1.27 percent as earnings accelerate

Published on 10/07/2026 at 05:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Supalai stock advanced 1.27 percent to THB 16.00 on October 7, 2026. InnovestX raised its target to THB 19.00 as Q2 earnings strengthened.

Supalai, TH0371010R13, Illustration mit AI erstellt.

Supalai stock (ISIN TH0371010R13) was trading at THB 16.00 on the SET on October 7, 2026, up 1.27 percent from THB 15.80. The latest reviewed period is Q2/2026, and The Stock Exchange of Thailand identifies it as a consolidated reviewed period, while Investing.com lists revenue of THB 6,936.33 million and net income of THB 1,646.74 million.

Quarterly earnings accelerate

Revenue rose from THB 3,791.57 million in the preceding quarter to THB 6,936.33 million in Q2/2026, a 82.90 percent increase. Net income climbed from THB 402.11 million to THB 1,646.74 million over the same comparison, a 309.52 percent increase.

The figures give Supalai a stronger earnings base for the second half of 2026, but the comparison is sequential rather than year over year. That distinction matters because property revenue can shift sharply when condominium projects are transferred.

Australia supports the outlook

According to InnovestX on September 28, 2026, the brokerage upgraded Supalai from Neutral to Outperform and raised its mid-2027 price target from THB 16.30 to THB 19.00. The research cited THB 6.6 billion of backlog transfers in the second half of 2026 and increased its 2026 Australian profit-sharing forecast to THB 1.2 billion, up 69 percent year over year.

InnovestX also projected 2026 revenue of THB 25.1 billion, up 4.2 percent, with secured revenue covering 69 percent of that estimate. Its key counter-factor is execution: the report flags inventory management, competition and legal cases connected with certain condominium projects.

Consensus target stays higher

Investing.com shows a Buy consensus from 14 analysts, with 9 Buy, 5 Hold and 1 Sell ratings listed in its detailed breakdown. The average 12-month target is THB 17.55, with a high of THB 21.00 and a low of THB 15.60; the average target lies 9.69 percent above the October 7 price.

Supalai stock trades below yearly high

Supalai stock was trading at THB 16.00 on the SET at 10:41 a.m. ICT on October 7, 2026. The THB 14.80 to THB 19.00 52-week range places the price 15.79 percent below the yearly high, while market capitalization stood at THB 30.2 billion.