Sansiri Accelerates Title Transfers Worth 18.3 Billion Baht, Pushing Recurring Income to 25%

Thunhoon·24 Sep 2026·

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Corporate Action Analyst Banks

Summary · why it matters

Sansiri Public Company Limited, or SIRI, is proceeding with the gradual transfer of ownership for six completed projects with a combined value of 18.3 billion baht in the second half of 2026, supporting continued operational growth from the first half. Mr. Uthai Uthaisangsuk, Chief Executive Officer, stated that the projects being gradually transferred include dCondo Khiri, Via Ari, The Base Ratchada 19, Chuch Ratchathewi, and The Standard Residences Hua Hin. The company has also partnered with leading financial institutions SCB, KBANK, KTB, and BBL to help real demand customers plan loans and improve credit, increasing the chances of successful ownership transfers. On revenue structure diversification, the company aims to raise the proportion of recurring income from its services and hotel businesses from approximately 15% of total revenue at present to 25% within three to five years. Meanwhile, analysts at Krungsri Securities Public Company Limited maintain a buy recommendation with a fair value of 1.90 baht, noting that accumulated sales since the start of the year stand at 27.9 billion baht, or 68% of the 2026 sales target of 41.0 billion baht, and expect the residential business gross margin in the second half to recover from 26.4% in the first half, driven by high-margin condominiums in the backlog being gradually transferred.

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