MBK Group is engaged in shopping center business, hotel and tourism business, golf business, real estate business, food solution business, financial business, auction business and corporate supporting center.
| 9M24 | 9M23 | 2023 | 2022 |
|---|
| Revenues | 8,391.41 | 7,854.41 | 10,551.94 | 9,031.33 |
| Expenses | 6,737.36 | 6,474.12 | 8,919.32 | 7,629.75 |
| Net Profit (Loss) | 2,111.63 | 1,258.26 | 1,567.12 | 331.85 |
| Assets | 61,536.43 | 58,433.72 | 60,471.36 | 54,350.10 |
| Liabilities | 38,140.67 | 36,414.06 | 38,086.79 | 32,537.13 |
| Shareholders' Equity | 22,522.72 | 21,313.45 | 21,681.26 | 21,161.58 |
| Operating | 3,319.00 | 2,239.33 | 2,353.50 | 2,880.39 |
| Investing | -1,182.70 | -2,524.65 | -4,017.54 | -3,073.68 |
| Financing | -2,335.11 | 84.34 | 1,321.05 | -2,986.52 |
| EPS (Baht) | 1.38 | 0.84 | 1.04 | 0.23 |
| GP Margin (%) | 41.44 | 36.92 | 45.21 | 42.76 |
| NP Margin (%) | 25.50 | 16.83 | 15.42 | 4.20 |
| D/E Ratio (x) | 1.63 | 1.65 | 1.70 | 1.49 |
| ROE (%) | 11.04 | 7.14 | 7.32 | 1.59 |
| ROA (%) | 6.85 | 5.58 | 5.54 | 3.32 |
All 8 businesses of MBK Group shifted the strategies to brace for challenging situations and generate new business opportunities from changes in consumer behaviors and circumstances, considers the stakeholders and impact to the business value chain. The company realizes and emphasizes the sustainable growth by adopting its expertise and resources to consciously generate value to the organization and society simultaneously through continuous projects and activities. Examples are reduction of waste releases and alternative energy sources to lessen and prevent environmental issues and promote sustainability in all aspects.
MBK Group has established a policy for the sustainable development of MBK Group with operational guidelines to deliver good value to society and the environment under good corporate governance. It focuses on ethics and transparency to respond to the expectations and needs of all stakeholders to drive the business in line with the Sustainable Development Goals (SDGs). and in August 2024 MBK Group received ESG100 Company certificate as a company with outstanding environmental, social and governance performance in 2024 from Thaipat Institute.
The business operations of MBK Group are as follow:
1. Shopping Center Business : MBK Center, Paradise Park, Paradise Place , The Nine Rama 9 and The Nine Center Tiwanon.
2. Hotel and Tourism Business : Pathumwan Princess Hotel, Dusit Thani Krabi Beach Resort, Layana Resort and Spa, Tinidee Hotel Bangkok Golf Club, Tinidee Trendy Bangkok Khaosan, Tinidee Golf Resort Phuket, Tinidee Hideaway Tonsai Beach Krabi and fitness center by The Olympic Club.
3. Golf Business : Riverdale Golf Club, Bangkok Golf Club, The Red Mountain Golf Course, The Loch Palm Golf Course and Lam Luk Ka Golf and Country Club.
4. Real Estate Business : The Riverdale Residence, Park Riverdale, Quaritz, Quinn Sukhumvit 101 and residential projects in Phuket.
5. Food Solution : Mah Boonkrong Rice and food court.
6. Finance Businesses : Motorcycle loan and property loan.
7. Action Business : Car and motorcycle auction business.
MBK Group had better operating results for the nine-month period ending 30 Sep 2024, Revenue for the nine-month period Ended Sep 30, 2024, and 2023 were at 8,226 million baht and 7,317 million baht, respectively. Revenue increased by 909 million baht or 12% from the same period of the previous year. Net profit attributable to shareholders of the company for the nine-month period ended Sep 30. 2024 and 2023 were at 2,112 million baht and 1,258 million baht, respectively. Net profit increased by 854 million baht or 68% from the same period of the previous year mainly due to the COVID-19 epidemic situation that has resolved in a better direction since 2023 onwards. and the tourism business sector has recovered sequentially.
In 2024, renovation made to the Paradise Park Shopping Center, a continuation of improvements from the previous year under the concept of a health center, Health & Wellness, providing comprehensive treatment, treatment, promotion and prevention. In addition, the hotel business group invested in a restaurant business under brand MIX BEEF CLUB & RESTAURANT which opened for service in May 2024 and SARUDA FINEST PASTRY cafe which opened for service in August 2024.
MBK Group is aware of the importance of enterprise risk management. This is considered part of business management to ensure good corporate governance. In accordance with international standards COSO (The Committee of Sponsoring Organizations of the Treadway Commission) and in accordance with the organization's anti-corruption policy and measures, the Group of Companies has established an organization's risk management policy. So that all employees are informed and treated in the same way.
1. MBK Group received an "Excellent" CGR score for the 9th consecutive year, reflecting the importance of good corporate governance from the Stock Exchange of Thailand in November 2024.
2. MBK Group's shopping malls and hotels received the Tourism Authority of Thailand Standards 2024 from the Ministry of Tourism and Sports (Thailand) in July 2024.
3. Riverdale Golf Club and Bangkok Golf Club received The Silver Flag award for service excellence in 2024 at the 59 Club Asia Service Excellence Award in April 2024.
4. Riverdale Marina, an A-class port in the Chao Phraya River Basin, of MBK Group, received certificate of the Thailand MICE Venue Standard or TMVS logo from the Office of Convention and Exhibition Promotion in 2024 in March 2024.
| as of 30/09/24 | MBK | PROP | SET |
|---|---|---|---|
| P/E (X) | 16.70 | 14.67 | 18.03 |
| P/BV (X) | 1.50 | 1.11 | 1.37 |
| Dividend yield (%) | 4.44 | 4.10 | 3.16 |
| 30/09/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 35,343.49 | 31,045.03 | 33,552.09 |
| Price (B/Share) | 17.90 | 15.80 | 17.70 |
| P/E (X) | 16.70 | 20.57 | - |
| P/BV (X) | 1.50 | 1.39 | 1.54 |
