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.
Friday, March 30, 2012
Wednesday, May 18, 2011
How easy it is to rent or buy a property in Thailand?
To buy or rent an apartment in Europe is quite strenuous: comparing real estate ads, visiting properties in groups, filling out numerous forms and providing the right financial warranties and then waiting for a positive outcome or starting over if your application is rejected.
Furthermore, prices in major European capitals are on a constant rise for small and poorly maintained flats. For example, in Paris, the average square meter price is around €7,000 while in Bangkok, it is around THB 100,000 (€2,300/$3,300) for a unit in new building with a pool, a gym, and a sauna…
Furthermore, prices in major European capitals are on a constant rise for small and poorly maintained flats. For example, in Paris, the average square meter price is around €7,000 while in Bangkok, it is around THB 100,000 (€2,300/$3,300) for a unit in new building with a pool, a gym, and a sauna…
Monday, July 5, 2010
Thailand gets 39th rank in Global Real Estate Transparency Index 2010
he 2010 Global Real Estate Transparency Index (GRETI) reveals a notable slowdown in the progress of real estate transparency over the past two years, except in the Asia Pacific region. It suggests that the recent turmoil in global financial, economic and real estate markets has impacted on market behaviour, with real estate players focusing on survival rather than market advancement.The Asia Pacific region has shown the most broadly-based improvements in transparency over the past two years. Australia and New Zealand are the region’s most transparent markets, closely followed by Singapore and Hong Kong. However, it is in India and China where the region’s greatest advances have been recorded, a trend that has now filtered across each of their secondary and tertiary cities. Asia Pacific also continues to show some of the biggest anomalies, with both Japan and South Korea showing low levels of real estate transparency relative to their economic maturity.
* 9 out of 15 fastest improvers are in Europe and 6 are in Asia Pacific
* Turkey is the best improver
* Australia is the most transparent real estate market
* A third of countries are static or declining
* 89% of countries received a score of “semi-transparent” or below in relation to the transparency of their real estate debt market data
* 9 out of 15 fastest improvers are in Europe and 6 are in Asia Pacific
* Turkey is the best improver
* Australia is the most transparent real estate market
* A third of countries are static or declining
* 89% of countries received a score of “semi-transparent” or below in relation to the transparency of their real estate debt market data
Thursday, January 14, 2010
HBA seeks extension of property tax cuts
y Kanana Katharangsiporn, Bangkok Post, Thailand
Jan. 12--Property tax incentives due to expire this March should be extended to boost the industry and the overall economy, says Issara Boonyoung, president of the Housing Business Association.
Extending the breaks beyond March 28 would help combat negative factors which are likely to crop up this year, said Mr Issara.
Potential headwinds for the Thai economy and the property sector include political instability, the Map Ta Phut case and a possible hike in interest rates in the second or third quarter of the year, he said.
Although megaprojects under the Thai Khem Kaeng infrastructure package should boost new property developments, higher demand would also likely increase construction material prices.
Jan. 12--Property tax incentives due to expire this March should be extended to boost the industry and the overall economy, says Issara Boonyoung, president of the Housing Business Association.
Extending the breaks beyond March 28 would help combat negative factors which are likely to crop up this year, said Mr Issara.
Potential headwinds for the Thai economy and the property sector include political instability, the Map Ta Phut case and a possible hike in interest rates in the second or third quarter of the year, he said.
Although megaprojects under the Thai Khem Kaeng infrastructure package should boost new property developments, higher demand would also likely increase construction material prices.
Wednesday, January 13, 2010
INTERVIEW-UPDATE 1-Thai Preuksa sees 30 pct 2010 sales growth
New projects to drive 2010 revenue up 30 pct
* To launch 48 projects worth 30-35 bln baht this year
* Plans 1.5-2.0 bln baht of bonds to fund expansion (Add details, quotes)
BANGKOK, Jan 11 - Preuksa Real Estate PCL, Thailand's second-largest housing firm by market value, said on Monday it expected revenue growth of at least 30 percent this year, more than forecast, as it launched new housing projects.
Seventeen projects launched in the fourth quarter of 2009 and another 48 new projects worth 30-35 billion baht this year would help push up growth, chief financial officer Somboon Wasinchutchawal told Reuters.
"This year's growth will mainly come from new detached houses and town house projects which were already released late last year," Somboon said, adding they would realise revenue of 9-10 billion baht this year.
* To launch 48 projects worth 30-35 bln baht this year
* Plans 1.5-2.0 bln baht of bonds to fund expansion (Add details, quotes)
BANGKOK, Jan 11 - Preuksa Real Estate PCL, Thailand's second-largest housing firm by market value, said on Monday it expected revenue growth of at least 30 percent this year, more than forecast, as it launched new housing projects.
Seventeen projects launched in the fourth quarter of 2009 and another 48 new projects worth 30-35 billion baht this year would help push up growth, chief financial officer Somboon Wasinchutchawal told Reuters.
"This year's growth will mainly come from new detached houses and town house projects which were already released late last year," Somboon said, adding they would realise revenue of 9-10 billion baht this year.
Saturday, January 9, 2010
Thai property market lagging Asia: REIC
(Source: Bangkok Post)trackingBy Bangkok Post, Thailand
Jan. 7--The property market should improve this year due to progress on new mass
transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region. The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Jan. 7--The property market should improve this year due to progress on new mass
transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region. The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Thursday, January 7, 2010
Thai property market lagging Asia
The property market should improve this year due to progress on new mass transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
Thai property market lagging Asia
The property market should improve this year due to progress on new mass transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region.
The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Stimulus packages implemented in China and other countries including Thailand, aided the rebound.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region.
The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Stimulus packages implemented in China and other countries including Thailand, aided the rebound.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
Tuesday, January 5, 2010
Thai risk from Dubai crash
Thailand's direct exposure to the Dubai market crash has been very limited, but a greater impact could come from deteriorating global sentiment if the situation worsens, says international property consultant Colliers International Thailand.
Dubai World, the emirate's largest corporate entity, announced on Nov 25, 2009, that it would seek a "standstill" agreement on its US$80 billion in debts.
The news sent shockwaves through the global financial community and questions were raised in relation to Thailand's exposure to firm and its offshoots.
The first Islamic bond payment of US$3.59 billion for its real estate arm Nakheel, due on Dec 15, was covered by the Dubai government thanks to a $10-billion loan from Abu Dhabi.
Dubai World, the emirate's largest corporate entity, announced on Nov 25, 2009, that it would seek a "standstill" agreement on its US$80 billion in debts.
The news sent shockwaves through the global financial community and questions were raised in relation to Thailand's exposure to firm and its offshoots.
The first Islamic bond payment of US$3.59 billion for its real estate arm Nakheel, due on Dec 15, was covered by the Dubai government thanks to a $10-billion loan from Abu Dhabi.
Sunday, January 3, 2010
Maintaining liquidity key to sector's growth, say officials
Major players of the UAE's construction sector gave a mixed opinion about the prospect for 2010.
While some major contractors expressed confidence that stalled projects would restart, others said it would take another eight to twelve months for the situation to get back to 2007- 2008 levels.
This year will see a slight increase in the prices of building material prices. The leading players in the UAE construction industry are concerned that maintaining liquidity in the market is essential in 2010, and that otherwise might affect the smaller subcontractors' and suppliers' ability to continue doing business in the market.
Consolidation, restructuring and diversification of their portfolio risks will be the name of the game in the coming year, they said.
According to a recent report by Economist Intelligence Unit (EIU), lower oil production allied with slowing construction activity depressed the UAE economy in 2009. It is expected to rebound by nearly four per cent in 2010.
While some major contractors expressed confidence that stalled projects would restart, others said it would take another eight to twelve months for the situation to get back to 2007- 2008 levels.
This year will see a slight increase in the prices of building material prices. The leading players in the UAE construction industry are concerned that maintaining liquidity in the market is essential in 2010, and that otherwise might affect the smaller subcontractors' and suppliers' ability to continue doing business in the market.
Consolidation, restructuring and diversification of their portfolio risks will be the name of the game in the coming year, they said.
According to a recent report by Economist Intelligence Unit (EIU), lower oil production allied with slowing construction activity depressed the UAE economy in 2009. It is expected to rebound by nearly four per cent in 2010.
Thursday, December 31, 2009
Thai Company Signs Franchise Deal To Set Up 44 Tune Hotels In Five Countries
Evolution Capital, listed on the Stock Thai Exchange, is planning to invest over US$200 million in the next few years to build, refurbish and operate 44 Tune Hotels.com in five countries.
The company has signed a franchise agreement with Tune Hotels.com.
Its President, Simon Gerovich said 24 hotels would be operated in the first phase within the next four years, with the first scheduled to be operational inThailand 's premier resort island of Phuket by 2010.
Besides newly set up hotels, half of them would be existing hotels to be refurbished as Tune hotels.
"We are leasing most of the land or space for 30 years to keep our initial cost low," he said at the announcement of the franchise agreement between Tune Hotels.com and Evolution Capital.
The company has signed a franchise agreement with Tune Hotels.com.
Its President, Simon Gerovich said 24 hotels would be operated in the first phase within the next four years, with the first scheduled to be operational in
Besides newly set up hotels, half of them would be existing hotels to be refurbished as Tune hotels.
"We are leasing most of the land or space for 30 years to keep our initial cost low," he said at the announcement of the franchise agreement between Tune Hotels.com and Evolution Capital.
Wednesday, December 30, 2009
Property prospects for Phuket and Krabi
Nick Anthony and Tom Travers of Indigo Real Estate discuss how Thailand’s property sector has been affected by the global economic crisis, and what to watch for in southern Thailand during 2010.
Phuket shakes off the world economic problems
The global financial crisis will rumble into 2010 and will create more surprises. The United States is still in deep trouble, Europe is fracturing and Africa is unstable.
In Phuket most projects went into the global financial crisis under duress caused by the previous two years of political instability, so most developers have escaped the worst of the speculative excesses. Developers have been offering attractive incentives in the final quarter of 2009 that have helped to thaw the standoff from buyers.
Phuket shakes off the world economic problems
The global financial crisis will rumble into 2010 and will create more surprises. The United States is still in deep trouble, Europe is fracturing and Africa is unstable.
In Phuket most projects went into the global financial crisis under duress caused by the previous two years of political instability, so most developers have escaped the worst of the speculative excesses. Developers have been offering attractive incentives in the final quarter of 2009 that have helped to thaw the standoff from buyers.
Tuesday, December 29, 2009
In Industrial Thailand, Health and Business Concerns Collide
MAP TA PHUT, Thailand — Villagers here avoid walking in the rain because they say it burns their skin and causes their hair to fall out. They have trouble breathing at night when, they say, factories release toxic fumes. And they are terrified by what studies show are unusually high cancer rates.
Skip to next paragraph
The New York Times
Map Ta Phut is an industrial zone akin to a midsize city.
Map Ta Phut is the heart of Thailand’s industrial underbelly, an area rarely seen by the millions of tourists who visit the country every year. Jutting out into the Gulf of Thailand, the industrial zone is on the scale of a midsize city — only instead of office buildings and apartments, there are block after block of tangled tubes of steel, vats of chemicals and towering, fire-breathing gas flares.
Skip to next paragraph
The New York Times
Map Ta Phut is an industrial zone akin to a midsize city.
Map Ta Phut is the heart of Thailand’s industrial underbelly, an area rarely seen by the millions of tourists who visit the country every year. Jutting out into the Gulf of Thailand, the industrial zone is on the scale of a midsize city — only instead of office buildings and apartments, there are block after block of tangled tubes of steel, vats of chemicals and towering, fire-breathing gas flares.
Monday, December 28, 2009
AirAsia's $3 hotel rooms target Phuket
Kuta Beach in Bali is one of the locations of Tune Hotels, a Malaysian budget chain affiliated with AirAsia. IT aims to set up 44 properties across Asia in a deal with Evolution Capital, a SET-listed real estate investment and management firm.
Saturday, December 26, 2009
19 more projects can seek court permission
After yesterday's Cabinet meeting, Prime Minister Abhisit Vejjajiva said the four-party committee had reported on the status of each suspended project to the Cabinet. Of the 65 projects, 42 have been given the status of operating, completed construction or under construction, while the remaining 23 have either not sought permission or have yet to start construction.
"Of the 42 projects, 19 come under the same criteria as the 11 projects earlier allowed to resume operations," he said.
Friday, December 25, 2009
Tune Hotels.com has partnered Thailand's Evolution Capital
Tune Hotels.com has partnered Thailand's Evolution Capital pcl to set up 44 budget hotels across Asia under a franchise deal. Evolution Capital, which is listed on the Stock Exchange of Thailand, will invest US$200 million (RM688 million) and run the hotels using the Tune Hotels.com brand name. It plans to set up hotels in Thailand, China, Bangladesh , the Philippines and Indonesia.
Evolution Capital, a real estate investment advisory and management firm, is confident of recouping its investment in three to five years, its managing director and president Simon Gerovich said.
Gerovich sealed the franchising agreement together with Tune Hotels.com groupchief executive officer Mark Lankester here yesterday.
Evolution Capital, a real estate investment advisory and management firm, is confident of recouping its investment in three to five years, its managing director and president Simon Gerovich said.
Gerovich sealed the franchising agreement together with Tune Hotels.com group
Saturday, December 12, 2009
Thai central bank keeps key interest rate unchanged
Thailand’s central bank on Wednesday kept its policy interest rate unchanged at 1.25 per cent, saying the current rate is “appropriate and supportive of the economic recovery”.
Bank of
As a result, the BoT Monetary Policy Committee (MPC) agreed that gradual economic recovery still “requires sustained policy support.”
The major industrialised and Asian economies expanded in the third quarter at higher rates than market expectations but overall recovery remains dependent on policy support.
Current global inflationary pressure continues to be subdued, but risks to global economic recovery remain and warrant continued close monitoring, Mr Paiboon said.
Tuesday, December 8, 2009
Vietnamese economy poses no threat to Thailand
Mr Pisanu said that medical advances in Vietnam lag far behind Thailand. For difficult cases, well-to-do patients still travel to Thailand for treatment because Vietnam's health care expertise is lacking.
Nor was Thailand's status as the world's top rice exporter under threat from Vietnam.
Mr Pisanu said Vietnam exported about 5 million tonnes of rice last year while Thailand exported 8-9 million tonnes.
Thai rice is more expensive because of its higher quality especially the world famous Hom Mali, while Vietnam exports cheaper varieties.
Wednesday, November 4, 2009
Phuket real estate in the eyes of Robert Krause
Robert Krause, the owner of condominium rentals & founder of Professional Property Consultants. He is originally from the US and used to run a furniture business in Hawaii for many years before decided to move to Phuket fifteen years ago. He is now the residence.
Lets’ take a look at what he thinks about the island’s real estate market.
How long have you been monitoring the developments on Phuket-Thailand real estate market?
“I’ve been coming here the past fifteen years. I had a vacation home for ten years and now I live here for five. I really have my eyes on this business. By the long time, I’ve seen the ups and downs in Phuket and I do believe in the future it’s going to be very popular.”
Sunday, September 6, 2009
Luxury villas are outperforming other real estate in the popular Thai resort of Phuket
The firm's Managing Director Bill Barnett pictured said supply and demand fundamentals for the high end are continuing to strengthen given that excess supply is being absorbed, while macro issues are restricting demand for new product launches.
'While market recovery prospects are being set back to 2011, there has continued to be a gradual upswing in activity, driven primarily by earlier than anticipated momentum in many of the financial source markets where potential overseas buyers originate from' Barnett said.
The report values the existing luxury villa inventory Bt10 billion with 92 units currently on the market. Between January to June of this year 19 properties were sold, while the resale market saw over Bt1 billion in transactions.
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