WHAUP Gains 3% on Positive Outlook for Water Business in 2Q26

published 2 d ago · en · source ↗

Affected tickers

Per-ticker News Sentiment Indicator

LHother · neutral · high
The article discusses the outlook for WHAUP and mentions Land and Houses Securities as an analyst firm, but provides no material news affecting LH stock.
WHAanalyst_rating_change · positive · med
Land and Houses Securities issued a positive outlook for WHAUP, citing growth in normalized profit and increased demand for water from the data center industry.
ORother · neutral · high
The article discusses the financial outlook for WHAUP and does not contain any information regarding OR.

Article body

On Friday at 10:43 AM (Bangkok time), the share price of WHA Utilities and Power Public Company Limited (SET: WHAUP ) gained 2.75% or THB 0.15 to THB 5.60, with a trading value of THB 17.80 million. Land and Houses Securities (LHS) has issued a ‘Buy’ recommendation for WHAUP, anticipating the company’s normalized profit for 2Q26 to show growth both quarter-on-quarter and year-on-year. This positive outlook is supported by the return to full operation of the Gheco-1 power plant throughout the quarter. Meanwhile, revenues from the water business are expected to continue their upward trend, driven by increases in both sales volume and capacity charges. In the longer term, the outlook remains positive, underpinned by the ongoing investment wave in Thailand’s data center industry. This is expected to further drive demand for water and support the continued growth in revenue for WHAUP’s water business. The strategic target price has been set at THB 5.80 per share, which corresponds to a 2026 price-to-earnings (P/E) ratio of 15x.