Sansiri Public Company Limited, or SIRI, reported presales of 36.4 billion baht for the first nine months of 2026, ending September 30, 2026, equal to 76% of its full-year sales target of 48 billion baht. Wichan Wiriyaphusit, Chief Financial Officer, said demand for housing from the real demand segment remains steady in both low-rise projects and condominiums. Over the past nine months, the company sold out 18 projects with a combined value of more than 23.5 billion baht, and it holds a backlog of more than 24 billion baht awaiting revenue recognition. The company has also partnered with leading partner banks to help real demand customers, from assessing financial readiness and credit planning to improving credit for those who have not yet passed approval criteria. For the fourth quarter of 2026, Sansiri plans to launch 12 new projects with a combined value of about 11 billion baht, comprising six low-rise projects and six condominium projects, to push sales past the 48 billion baht target. Krungsri Securities recommends Buy with a fair value of 1.90 baht, highlighting a high dividend yield of about 8.9%, while Kasikorn Securities sees operating results improving amid intense competition.
Siri Prime Office Property FdKrungsri Securities recommends Buy on Sansiri with a fair value of 1.90 baht, highlighting an ~8.9% dividend yield.
