Company Performance: Revenue, earnings, and profit margins reflect WHA's financial health, impacting investor confidence.

Industry Trends: Growth or decline in industrial estate demand and logistics sectors influence investor sentiment.

Economic Conditions: Thailand's GDP growth, interest rates, and inflation affect business investment decisions.

Government Policies: Regulations on land use, foreign investment, and infrastructure projects impact WHA's operations.

Investor Sentiment: Overall market mood and risk appetite determine buying and selling pressure on WHA shares.

Competition: Activities of competitors in industrial estate development and logistics affect WHA's market share.

Dividend Policy: WHA's dividend payout ratio can attract income-seeking investors, influencing stock demand.

Management Decisions: Strategic choices, acquisitions, and expansion plans affect investor perception of WHA's future.

Global Events: International economic crises, trade wars, or political instability can impact investor confidence.

Currency Fluctuations: Changes in the Thai baht's value affect WHA's earnings from international clients.