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.
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