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Thai stocks · SET · Real estate and construction · Property development
Held by 1 funds1 open to buy1 AMCs
Last close (THB)4.78−0.02 (−0.42%)as of 3 Nov 2026
Funds that hold it1One fund per scheme
Held through a master fund01 buy the stock themselves
Largest weight in a single fund5.83%Of that fund's NAV
Median weight5.83%Half the funds hold more than this
What does WHA do
WHA Corporation PCL
Develops industrial estates and warehouses for rent, sells land to factories relocating to Thailand, and sells water and electricity within its estates, so revenue rises and falls with land transfers and foreign investment
WHA industrial estatesWarehouses and factories for rentIndustrial water supply (WHAUP)Power plants and rooftop solarIndustrial estates in Vietnam
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 51 · operating expenses 13 · other income adds 1 · tax and other items 3 · leaving 34 as net profit
Which funds let you invest in WHA
Sorted by weight held, largest first
Investors in Thailand can buy WHA through 1 mutual funds open to retail investors. Every one of them buys the stock directly.
Showing 1 of 1 funds you can buy · The full list is in the Expert view · Latest weights from portfolio reports, and funds can change their portfolios at any time · Past performance is not a guarantee of future performance
WHA share price
0.00%
Price change over the selected periodN/A
50-day average
200-day average
Valuation and key ratios
WHA Corporation PCL · SET · Fiscal year ends in December
Market cap71.4B THB14.95 billion shares
P/E14.1xPrice ÷ FY2025 EPS 0.34
Forward P/E12.6xBased on forecast 12-month earnings
P/S5.5x
EV/EBITDA16.0x
Dividend yield4.39%0.21 THB per share a year
ROE14.3%Net profit ÷ shareholders' equity
Debt to equity (D/E)1.34xInterest-bearing debt
Beta1.15Against SET50 (TDEX fund)
Gross margin48.7%FY2025
Operating margin36.9%FY2025
Net margin33.6%FY2025
Price ratios use the latest close shown on this page · Forward P/E, P/S and EV/EBITDA from Market data · Beta from 5 years of monthly returns · Total dividends over the last 12 months
Company health made simple
From the FY2025 statements
Sales growth3.6%Steady growth
Yearly average over the last 3 years · Latest annual sales 15.3B THB
Profit from sales34%Highly profitable
For every 100 baht of sales, about 34 baht is left as net profit
Dividend4.39%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+47.5%Up
Now 12.3% below its 1-year high
A rise or fall in the share price doesn't move a fund by the same amount — a fund is affected only in proportion to how much it holds
Financial statements
Revenue grows 3.6% a year on average · EPS grows 8.0% a year on average
Annual · last 4 fiscal years
Revenue and net profit
FY202213.7B THB4.0B THB
FY202314.9B THB4.4B THB
FY202411.3B THB4.4B THB
FY202515.3B THB5.1B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY20253.3B THB980.1M THB
Q3 FY20251.9B THB634.3M THB
Q4 FY20255.3B THB1.4B THB
Q1 FY20263.2B THB1.5B THB
Q2 FY20262.5B THB659.2M THB
Total revenue
Net profit
Annual income statement, balance sheet and cash flow
Item (THB)
FY2022
FY2023
FY2024
FY2025
Total revenue
13.7B THB
14.9B THB
11.3B THB
15.3B THB
Gross profit
6.1B THB
6.9B THB
6.1B THB
7.4B THB
Operating profit
5.4B THB
5.4B THB
5.4B THB
5.6B THB
Net profit
4.0B THB
4.4B THB
4.4B THB
5.1B THB
EPS (diluted)
0.27
0.30
0.29
0.34
Gross margin
44.7%
46.4%
54.0%
48.7%
Operating margin
39.4%
36.6%
47.8%
36.9%
Net margin
29.5%
29.8%
38.5%
33.6%
Operating cash flow
4.4B THB
5.0B THB
2.9B THB
1.3B THB
Free cash flow
2.9B THB
3.6B THB
794.0M THB
−768.1M THB
Total assets
86.3B THB
90.2B THB
101.5B THB
101.4B THB
Total liabilities
50.7B THB
52.9B THB
63.0B THB
60.8B THB
Shareholders' equity
35.6B THB
37.3B THB
38.5B THB
40.6B THB
Free cash flow = operating cash flow − capital expenditure · A cell showing N/A is an item the statement doesn't report, not a zero · Source: SEC Thailand (audited financial statements)
Technical analysis
Closed at 4.78 THB on 3 Nov 2026
Daily trendLeaning downScore −0.30 on a scale of −1 to +1 · 1210 bars
RSI(14)
45.4
ADX(14)
17.8
Position in the price range
45%
Weekly trendClear uptrendScore 0.60 on a scale of −1 to +1 · 262 bars
RSI(14)
51.0
ADX(14)
19.8
Position in the price range
71%
Monthly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 61 bars
RSI(14)
56.9
ADX(14)
26.3
Position in the price range
66%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
4.87
4.86
Below
20 days
4.87
4.85
Below
50 days
4.81
4.85
Below
100 days
4.95
4.80
Below
200 days
4.54
4.59
Above
Indicators (daily)
Indicator
Value
Signal
RSI(14)
45.43
Down
MACD(12,26)
0.01
Up
ADX(14)
17.80
Neutral
ATR(14) % of price
1.20
Neutral
Support and resistance (weekly pivots)
s35
s25
s15
p5
r15
r25
r35
Trend score = average of the moving-average group and the indicator group ((up signals − down signals) ÷ number of signals) · RSI and ATR use Wilder's method · MACD uses the 12- and 26-period EMA · An ADX of 25 or above counts as a clear trend · Calculated from daily closing prices from Market data · Not investment advice
Thai funds holding WHA
1 funds · Highest 5.83% · Median 5.83%
How the weights are spread
Number of funds by weight range
0
0
0
1
0
0
< 1%1–3%3–5%5–8%8–12%12%+
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
One fund counted per scheme · Funds investing through a master fund show the master fund's weight in WHA, not the look-through weight · Past performance is not a guarantee of future performance
Data sourcesFunds that buy the stock themselves: top 5 holdings from the AMC's fact sheet as of 30 Sep 2026 · Funds that invest through a master fund: the master fund's portfolio from its issuer's fact sheet or prospectus · Each scheme counts as one fund · Share price: Market data · Financial statements: SEC Thailand (audited financial statements) · Ratios: Market data · Revenue by business segment: SEC Thailand (audited financial statements) · Weights are as of the report date, and funds can change their portfolios at any time · Investing involves risk. This is not investment advice.
K-MIDSMALLK Mid Small Cap Equity Fund