SC Asset reports Q3 2026 presales of 5.4 billion baht, broker sets target price at 2.80 baht

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Summary · why it matters

SC Asset Corporation Public Company Limited, or SC, reported presales of 5,385 million baht for the third quarter of 2026, up 22% year on year and up 27% quarter on quarter. The growth was driven mainly by the condominium segment, which recorded sales of 3,015 million baht, up 123% year on year and up 119% quarter on quarter, accounting for 56% of total presales in the quarter. The low-rise segment posted sales of 2,370 million baht, down 22% year on year and down 17% quarter on quarter, accounting for 44%. The main driver for condominiums came from the launch of the new Reference BAIE River Bangpho project, valued at 11 billion baht, of which about 20%, or roughly 2,000 million baht, has already been sold, along with special penthouse units at the Scope Thonglor project worth about 500 to 600 million baht. Meanwhile, Krungsri Securities said in an analysis that it maintains a buy recommendation and selects SC as one of its top picks in the property sector, keeping its 2027 target price at 2.80 baht based on a price-to-earnings ratio of 6.3 times, compared with the latest closing price of 1.95 baht, implying upside of 43.6%. It also expects net profit for the full year 2026 of 1,750 million baht, up 14.2% year on year, and forecasts a dividend yield of 8.7% in 2026, rising to 9.2% in 2027.

Impact on assets 1

Real Estate▲
SC Asset Corporation Public Company Limited
SC
▲ PositiveCapitalDemandrelevance

Krungsri Securities maintains a buy rating and 2.80 baht target price, implying 43.6% upside, with forecast net profit up 14.2% and 8.7% dividend yield.

Off-coverage companies 1

Krungsri Securities Public Company Limitedi
Private± MixedCapitalrelevance

Krungsri Securities is only mentioned as the analyst issuing the buy recommendation and target price for SC Asset, not as a subject of the news.