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.
| 9M24 | 9M23 | 2023 | 2022 |
|---|
| Revenues | 7,731.55 | 4,798.81 | 7,174.52 | 5,979.98 |
| Expenses | 6,039.31 | 3,897.15 | 5,625.68 | 4,324.22 |
| Net Profit (Loss) | 1,300.00 | 608.24 | 1,092.22 | 1,118.52 |
| Assets | 30,169.13 | 22,482.55 | 24,363.73 | 15,536.61 |
| Liabilities | 21,535.02 | 15,489.49 | 16,879.89 | 9,583.75 |
| Shareholders' Equity | 7,660.94 | 6,092.68 | 6,576.07 | 5,619.39 |
| Operating | 1,497.94 | -3,389.35 | -2,615.14 | -2,965.80 |
| Investing | -1,272.36 | -1,444.85 | -2,168.96 | 54.50 |
| Financing | 394.55 | 4,698.98 | 5,328.58 | 2,876.70 |
| EPS (Baht) | 1.44 | 0.70 | 1.25 | 1.31 |
| GP Margin (%) | 40.86 | 39.96 | 40.82 | 43.84 |
| NP Margin (%) | 17.01 | 15.01 | 16.90 | 22.63 |
| D/E Ratio (x) | 2.49 | 2.21 | 2.26 | 1.61 |
| ROE (%) | 25.94 | 18.39 | 17.91 | 21.40 |
| ROA (%) | 8.95 | 8.57 | 7.68 | 12.24 |
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 67.94% through its subsidiaries.
- Currently, the company has backlog status of 23,070 MB.
For the 9-month period ended 30 September 2024, the Group recorded sales and service revenue of THB 7,800 million which main source of revenue came from sales of real estate and profit attributed to parent of THB 1,300 million.
In 2024, the company revise target to launch 13 new projects worth 36,820 million baht, Increase 22% from the previous year with revenue targets of 8,700 million baht, and pre-sales targets of 17,800 million baht and had sales performance in 9-month period of 14,578 MB or equivalent to 82% compared to the target.
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 Corporate Governance Report of Thai listed companies (CGR) from Thai Institute of Directors (IOD).
- The Company has been certified as a member of the Thai Private Sector Collective Action Against Corruption (CAC).
| as of 30/09/24 | ASW | PROP | SET |
|---|---|---|---|
| P/E (X) | 4.67 | 14.67 | 18.03 |
| P/BV (X) | 0.97 | 1.11 | 1.37 |
| Dividend yield (%) | 3.20 | 4.10 | 3.16 |
| 30/09/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 7,016.53 | 7,552.62 | 7,105.81 |
| Price (B/Share) | 7.80 | 8.40 | 8.30 |
| P/E (X) | 4.67 | 7.28 | 7.85 |
| P/BV (X) | 0.97 | 1.24 | 1.37 |
