TITLE is a property developer for sale by focusing on condominium brand "The Title" in Phuket.
| 9M24 | 9M23 | 2023 | 2022 |
|---|
| Revenues | 724.13 | 442.83 | 460.95 | 595.96 |
| Expenses | 679.49 | 384.52 | 426.71 | 506.70 |
| Net Profit (Loss) | 13.11 | 45.43 | 22.21 | 61.19 |
| Assets | 7,423.24 | 1,590.64 | 3,472.90 | 1,236.98 |
| Liabilities | 6,362.25 | 880.03 | 2,635.58 | 574.53 |
| Shareholders' Equity | 1,060.99 | 710.61 | 837.32 | 662.45 |
| Operating | 1,587.07 | -51.48 | 846.59 | 488.20 |
| Investing | -2,148.61 | -12.68 | -774.45 | -7.19 |
| Financing | 359.15 | 72.50 | 749.56 | -463.19 |
| EPS (Baht) | 0.02 | 0.06 | 0.03 | 0.08 |
| GP Margin (%) | 40.23 | 46.67 | 47.22 | 44.37 |
| NP Margin (%) | 1.81 | 10.26 | 4.82 | 10.27 |
| D/E Ratio (x) | 6.00 | 1.24 | 3.15 | 0.87 |
| ROE (%) | -1.14 | 12.80 | 2.96 | 9.74 |
| ROA (%) | 0.31 | 7.53 | 1.38 | 6.57 |
The company plans to attract clients who are looking for alternative real estate in Phuket. The market focuses on global tourists, which are the company's main target.
Real estate and quality product development under the principles of corporate governance.
- In the quarter 3 of 2024, the Company launched The Title Cielo Rawai Beach project, a Leisure Condominium project under the concept of "The Breeze of Blissful Living" with 171 units and a project value of 1,200 million baht, which has received great interest from international customers.
In the quarter 3 of year 2024, the company had revenue from sales of 465.56 million baht from the transfer of ownership of The Title Halo Naiyang , with net profit for the period of 47.30 million baht.
ํํYear 12, 2023, On July 12, 2023, 39 Estate Co., Ltd.,("39E") the subsidiaries of Asset Wise Public Company Limited (ASW), purchased shares from the shareholders of the company. As a result, 39E holds 67.71 % of shares and under the supervision of ASW will allow the company to develop and growth.
November 2023, The Title Legendary Bang-Tao project will be launched for sale, located in Bang Tao Beach, Phuket Province. The project is a Leisure Condominium worth approximately 4,500 MB. The company focuses on designing it to be close to nature and fully equipped with premium facilities.
In the quarter 1-2'2024, launched The Title Heritage Bang-Tao, a Leisure Condominium project on Bang Tao Beach in Neo-Classic style, project value approximately 6,000 MB., The Serenity Naiyang, a Leisure Condominium project near Nai Yang Beach, designed in Modern Oceanic Architecture style, project value approximately 4,000 MB.
In the quarter 3'2024, The Title Cielo Rawai project will be launched, a Leisure Condominium project in Rawai Beach, a peaceful beach close to nature. The project is worth approximately 1,200 million baht.
Due to the company's business plan focusing on the development of condominium-type real estate with the target group being foreigners, the company has set a policy for customers to pay the contract and down payment to the company 75% before transferring ownership to avoid the impact of the customer's failure. can transfer according to the contract
- In 2023, the company received the award for Best Condo Development (Phuket) Property Guru Thailand 2023
- In 2024 ,the company received the award for the Best Condo Development (Phuket) Property Guru Thailand 2024, Winner in the Best Luxury Condo Architectural Design (Phuket) category from The Title Serenity Naiyang project, Best Luxury Condo Interior Design (Phuket) from The Title Heritage Bang-Tao project, Best Leisure Facilities Development from The Title Legendary Bang-Tao project.
| as of 30/09/24 | TITLE | PROPCON | mai |
|---|---|---|---|
| P/E (X) | - | 24.65 | 38.03 |
| P/BV (X) | 3.09 | 2.20 | 1.79 |
| Dividend yield (%) | - | 1.51 | 2.10 |
| 30/09/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 3,128.22 | 2,902.03 | 1,169.47 |
| Price (B/Share) | 4.00 | 4.02 | 1.62 |
| P/E (X) | - | 34.14 | 111.25 |
| P/BV (X) | 3.09 | 4.08 | 1.89 |
