ASW is a holding company which has subsidiary operating core business companies that operate in property development for sale, including condominium, single house, townhome and home office.
| 9M23 | 9M22 | 2022 | 2021 |
|---|
| Revenues | 4,798.81 | 3,934.86 | 5,979.98 | 5,033.70 |
| Expenses | 3,897.15 | 2,978.71 | 4,324.22 | 3,608.40 |
| Net Profit (Loss) | 608.24 | 689.47 | 1,118.52 | 951.36 |
| Assets | 22,482.55 | 15,228.52 | 15,536.61 | 11,335.24 |
| Liabilities | 15,489.49 | 9,838.93 | 9,583.75 | 6,398.69 |
| Shareholders' Equity | 6,092.68 | 5,187.71 | 5,619.39 | 4,835.71 |
| Operating | -3,389.35 | -2,727.07 | -2,965.80 | -1,181.64 |
| Investing | -1,444.85 | -383.69 | 54.50 | -641.54 |
| Financing | 4,698.98 | 3,334.10 | 2,876.70 | 2,291.75 |
| EPS (Baht) | 0.70 | 0.81 | 1.31 | 1.21 |
| GP Margin (%) | 39.96 | 42.26 | 43.84 | 44.67 |
| NP Margin (%) | 15.01 | 20.10 | 22.63 | 21.59 |
| D/E Ratio (x) | 2.21 | 1.83 | 1.61 | 1.30 |
| ROE (%) | 18.39 | 18.65 | 21.40 | 26.56 |
| ROA (%) | 8.57 | 10.40 | 12.24 | 14.29 |
The company aims to target sustainable growth and aiming to become a leading real estate company in Thailand.
- ASW expands market base to a high-potential tourist destination like Phuket by shares purchasing of Rhom Bho Property Public Company Limited or TITLE, a company listed on the Market for Alternative Investment (mai), in the proportion of 67.61% through its subsidiaries.
- Q3/23 - ‘ASW’ Joins 'TOKYO TATEMONO' in 2nd Joint Venture, to develop the 'Kave Coco Bang Saen' Project with a Project Value of over 2,000 Million Baht
- Currently, the company has backlog status of 16,337 million baht.
Overview of operating results For the 9-month period ended 30 September 2023, the Group recorded sales and service revenue of THB 4,799 million baht which main source of revenue came from sales of real estate. The Group had profit attributed to parent of THB 608 million baht.
In 2023, the company revise target to launch 15 new projects worth 30,260 million baht, with pre-sales targets of 15,000 million baht and revenue targets of 7,200 million baht, setting a new record growth in this year
Company is a real estate developer for sale. In the past, the company mainly focused on developing projects in Bangkok and vicinity. To manage risks and increase potential growth. Therefore expanded into new locations such as the EEC zone, Chonburi and Phuket. This is a diverse market with high growth in the future.
- The Company received an excellent rating for
the Corporate Governance Report of Thai listed
companies (CGR) from Thai Institute of Directors (IOD).
The Company has been selected for inclusion in SET ESG Ratings from the Stock Exchange of Thailand
| as of 29/09/23 | ASW | PROP | SET |
|---|---|---|---|
| P/E (X) | 7.30 | 14.60 | 20.33 |
| P/BV (X) | 1.30 | 1.21 | 1.44 |
| Dividend yield (%) | 5.79 | 3.56 | 3.18 |
| 29/09/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 7,732.44 | 7,105.81 | 6,934.58 |
| Price (B/Share) | 8.60 | 8.30 | 8.10 |
| P/E (X) | 7.30 | 7.85 | 5.34 |
| P/BV (X) | 1.30 | 1.37 | 1.53 |
