Friday, March 30, 2012

ASEAN Stocks: Thailand Preview, Real Estate a Buy, Everland, Centel

Central Plaza Hotel Plc (Centel), operator of the Centara hotel and restaurant chain, expects record revenue of 20 billion baht in 2016, up almost 74% from last year.

Everland

Everland Public Company Limited reported consolidated and separate earnings results for the year ended December 31, 2011. For the year, on consolidated basis, the company reported revenue from sales or THB 459,579,040.00 compared to the THB 90,729,165.00 for the previous year.

Profit attributable to equity holders of the company was THB 139,506,093.63 or THB 0.46 per basic share compared to the loss attributable to equity holders of the company of THB 35,200,563.88 or THB 0.12 per basic share for the previous year. Net cash provided by operating activities was THB 56,811,988.54 compared to the THB 59,143,048.60 for the previous year.

Payments for purchase of fixed assets were THB 952,648.75 compared to the THB 2,586,659.95 for the previous year. For the year, on separate basis, the company reported revenue from sales or THB 459,579,040.00 compared to the THB 90,729,165.00 for the previous year. Profit attributable to equity holders of the company was THB 149,633,384.57 or THB 0.49 per basic share compared to the loss attributable to equity holders of the company of THB 26,041,089.01 or THB 0.09 per basic share for the previous year.

Net cash provided by operating activities was THB 63,879,469.28 compared to the THB 62,027,665.95 for the previous year. Payments for purchase of fixed assets were THB 9,051.50 compared to the THB 4,900.00 for the previous year.

Reuters reported that Everland has the lowest PE ratio of 1.3 in the sector.

It also scores highly on StarMine valuation metrics, with a Value-Momentum score of 95 and an Earnings Quality score of 96.

The stock trades at less than its book value of 0.91 baht and has a high return on equity of over 75 percent compared to an average of 11 percent for the sector.

Thailand Real Estate for Sale