← Supalai overview

Supalai vs Siri Prime Office Property Fd: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Supalai Public Company Limited (SPALI.BK)

Q3 2026
▲3▼1

SPALI beats Q2, expands projects, but presales lag target

  • Q2 profit surge and dividend SPALI's Q2 2026 net profit jumped 49% to 1.65 billion baht, beating expectations by over 80%, driven by strong transfers and joint-venture profits. The company declared an interim dividend of 0.55 baht per share, yielding about 3.5%. This positive earnings surprise and dividend payout support the stock price.

    This is a major positive earnings event that directly boosts investor confidence and the stock price.

  • New project launches and campaigns SPALI launched multiple new housing and condo projects worth billions of baht across Thailand, including in Suphan Buri, Hua Hin, Pattaya, and Chiang Mai. It also started a year-end 'Buffet Parade' campaign with 195 ready-to-move-in projects. These launches expand the sales pipeline and signal confidence in demand.

    New projects and campaigns drive future revenue and show management's growth strategy.

  • Strong Australian pre-sales and debenture success SPALI's Australian business achieved pre-sales of 420 million Australian dollars in the first half, 62% of its full-year target, with a backlog of 489 million Australian dollars. Additionally, a 4 billion baht debenture offering was oversubscribed, reflecting strong investor confidence and solid capital structure.

    These events highlight international growth and financial strength, supporting the stock's valuation.

  • Presales miss target amid weak demand SPALI's 9M26 presales reached only 62% of its full-year target, with Q3 presales down 35% year-on-year due to weak purchasing power and flooding. The company cut its 2026 launch plan. This indicates softer end-customer demand, which could pressure future revenue.

    This is a key negative factor that could limit upside and reflects challenges in the property market.

August 2026
▲3▼1

SPALI beats Q2, expands projects, but presales lag target

  • Q2 profit surge and dividend SPALI's Q2 2026 net profit jumped 49% to 1.65 billion baht, beating expectations by over 80%, driven by strong transfers and joint-venture profits. The company declared an interim dividend of 0.55 baht per share, yielding about 3.5%. This positive earnings surprise and dividend payout support the stock price.

    This is a major positive earnings event that directly boosts investor confidence and the stock price.

  • New project launches and campaigns SPALI launched multiple new housing and condo projects worth billions of baht across Thailand, including in Suphan Buri, Hua Hin, Pattaya, and Chiang Mai. It also started a year-end 'Buffet Parade' campaign with 195 ready-to-move-in projects. These launches expand the sales pipeline and signal confidence in demand.

    New projects and campaigns drive future revenue and show management's growth strategy.

  • Strong Australian pre-sales and debenture success SPALI's Australian business achieved pre-sales of 420 million Australian dollars in the first half, 62% of its full-year target, with a backlog of 489 million Australian dollars. Additionally, a 4 billion baht debenture offering was oversubscribed, reflecting strong investor confidence and solid capital structure.

    These events highlight international growth and financial strength, supporting the stock's valuation.

  • Presales miss target amid weak demand SPALI's 9M26 presales reached only 62% of its full-year target, with Q3 presales down 35% year-on-year due to weak purchasing power and flooding. The company cut its 2026 launch plan. This indicates softer end-customer demand, which could pressure future revenue.

    This is a key negative factor that could limit upside and reflects challenges in the property market.

Latest
▲3▼1

SPALI beats Q2, expands projects, but presales lag target

  • Q2 profit surge and dividend SPALI's Q2 2026 net profit jumped 49% to 1.65 billion baht, beating expectations by over 80%, driven by strong transfers and joint-venture profits. The company declared an interim dividend of 0.55 baht per share, yielding about 3.5%. This positive earnings surprise and dividend payout support the stock price.

    This is a major positive earnings event that directly boosts investor confidence and the stock price.

  • New project launches and campaigns SPALI launched multiple new housing and condo projects worth billions of baht across Thailand, including in Suphan Buri, Hua Hin, Pattaya, and Chiang Mai. It also started a year-end 'Buffet Parade' campaign with 195 ready-to-move-in projects. These launches expand the sales pipeline and signal confidence in demand.

    New projects and campaigns drive future revenue and show management's growth strategy.

  • Strong Australian pre-sales and debenture success SPALI's Australian business achieved pre-sales of 420 million Australian dollars in the first half, 62% of its full-year target, with a backlog of 489 million Australian dollars. Additionally, a 4 billion baht debenture offering was oversubscribed, reflecting strong investor confidence and solid capital structure.

    These events highlight international growth and financial strength, supporting the stock's valuation.

  • Presales miss target amid weak demand SPALI's 9M26 presales reached only 62% of its full-year target, with Q3 presales down 35% year-on-year due to weak purchasing power and flooding. The company cut its 2026 launch plan. This indicates softer end-customer demand, which could pressure future revenue.

    This is a key negative factor that could limit upside and reflects challenges in the property market.

Siri Prime Office Property Fd (SIRI.BK)

Q3 2026
▲4

SIRI's Strong Sales, New Launches and High Dividend Yield Drive Bullish Broker Views

  • Strong Condo Sales and New Launches SIRI's condo sales hit 16 billion baht in seven months, 70% of its annual target, and it plans nine new projects worth 11.7 billion baht in the second half. This shows healthy demand for its properties, which supports future revenue and profit, pushing the stock up.

    This point highlights the company's robust sales performance and expansion plans, key drivers of future earnings and stock price.

  • Profit Growth from Italian Hotel and Higher Transfers Brokers expect SIRI's second-half profit to grow strongly, driven by higher condo and low-rise transfers and the start of profit share from a luxury hotel in Italy. This improves earnings outlook and supports a high dividend yield of up to 9%, boosting investor confidence.

    This point explains the expected profit growth and its sources, directly impacting the stock's valuation and attractiveness.

  • Broker Buy Ratings and High Dividend Yield KGI rates SIRI as 'Buy' due to its market leadership and strong backlog, while Kasikorn Securities maintains 'Buy' with a 1.66 baht target and 8.3% dividend yield. These endorsements from analysts attract investors seeking income and growth, pushing the stock up.

    This point captures the positive analyst sentiment and dividend appeal, which are key drivers for the stock price.

  • New Luxury Condo Joint Venture with Nomura SIRI partnered with Nomura to launch a 4.5 billion baht luxury condo project in Sathorn, targeting high-net-worth buyers. This joint venture expands SIRI's high-end portfolio and leverages Nomura's expertise, potentially boosting future sales and profits.

    This point shows a strategic move to tap into the luxury segment, which can enhance SIRI's growth prospects and stock value.

September 2026
▲4

SIRI's Strong Sales, New Launches and High Dividend Yield Drive Bullish Broker Views

  • Strong Condo Sales and New Launches SIRI's condo sales hit 16 billion baht in seven months, 70% of its annual target, and it plans nine new projects worth 11.7 billion baht in the second half. This shows healthy demand for its properties, which supports future revenue and profit, pushing the stock up.

    This point highlights the company's robust sales performance and expansion plans, key drivers of future earnings and stock price.

  • Profit Growth from Italian Hotel and Higher Transfers Brokers expect SIRI's second-half profit to grow strongly, driven by higher condo and low-rise transfers and the start of profit share from a luxury hotel in Italy. This improves earnings outlook and supports a high dividend yield of up to 9%, boosting investor confidence.

    This point explains the expected profit growth and its sources, directly impacting the stock's valuation and attractiveness.

  • Broker Buy Ratings and High Dividend Yield KGI rates SIRI as 'Buy' due to its market leadership and strong backlog, while Kasikorn Securities maintains 'Buy' with a 1.66 baht target and 8.3% dividend yield. These endorsements from analysts attract investors seeking income and growth, pushing the stock up.

    This point captures the positive analyst sentiment and dividend appeal, which are key drivers for the stock price.

  • New Luxury Condo Joint Venture with Nomura SIRI partnered with Nomura to launch a 4.5 billion baht luxury condo project in Sathorn, targeting high-net-worth buyers. This joint venture expands SIRI's high-end portfolio and leverages Nomura's expertise, potentially boosting future sales and profits.

    This point shows a strategic move to tap into the luxury segment, which can enhance SIRI's growth prospects and stock value.

Latest
▲4

SIRI's Strong Sales, New Launches and High Dividend Yield Drive Bullish Broker Views

  • Strong Condo Sales and New Launches SIRI's condo sales hit 16 billion baht in seven months, 70% of its annual target, and it plans nine new projects worth 11.7 billion baht in the second half. This shows healthy demand for its properties, which supports future revenue and profit, pushing the stock up.

    This point highlights the company's robust sales performance and expansion plans, key drivers of future earnings and stock price.

  • Profit Growth from Italian Hotel and Higher Transfers Brokers expect SIRI's second-half profit to grow strongly, driven by higher condo and low-rise transfers and the start of profit share from a luxury hotel in Italy. This improves earnings outlook and supports a high dividend yield of up to 9%, boosting investor confidence.

    This point explains the expected profit growth and its sources, directly impacting the stock's valuation and attractiveness.

  • Broker Buy Ratings and High Dividend Yield KGI rates SIRI as 'Buy' due to its market leadership and strong backlog, while Kasikorn Securities maintains 'Buy' with a 1.66 baht target and 8.3% dividend yield. These endorsements from analysts attract investors seeking income and growth, pushing the stock up.

    This point captures the positive analyst sentiment and dividend appeal, which are key drivers for the stock price.

  • New Luxury Condo Joint Venture with Nomura SIRI partnered with Nomura to launch a 4.5 billion baht luxury condo project in Sathorn, targeting high-net-worth buyers. This joint venture expands SIRI's high-end portfolio and leverages Nomura's expertise, potentially boosting future sales and profits.

    This point shows a strategic move to tap into the luxury segment, which can enhance SIRI's growth prospects and stock value.