Thailand's Preuksa Real Estate (PS): Looks even better at this price.

Section: Stocks - In recent months, overall sentiment for the property market has deteriorated on high inflation and rising interest rates. Though inflation has peaked, the political tension has been ratcheted up. Thus, market sentiment for property counters will remain weak. With its product portfolio concentrating on the low-end segment, PS is perceived to be affected the most among other big property players.

In contrast to what the market believes, PS has proved to prevail by increasing its overall market share, led by an impressive 56.9% share in its core townhouse (TH) segment. This success is attributed to its strong foothold in the low-end TH segment, …