Business Overview
The Company operates fully integrated property development and
services related to property which consists of
- property development for sales for landed and high rise projects
- property development for rental and rendering services such as office buildings, hotels , warehouses and property for rental in the United States of America
- Property services such as RueJai , property management
Financial Statement
| 2024 | 2023 | 2022 | 2021 |
|---|
Income Statement (MB)
| Revenues | 20,645.40 | 24,682.80 | 21,684.86 | 19,515.58 |
| Expenses | 18,557.24 | 21,057.00 | 18,325.00 | 16,819.74 |
| Net Profit (Loss) | 1,705.52 | 2,482.27 | 2,556.01 | 2,062.13 |
Balance Sheet (MB)
| Assets | 67,258.04 | 63,887.71 | 57,401.31 | 49,754.44 |
| Liabilities | 43,163.51 | 40,635.68 | 35,691.99 | 29,700.77 |
| Shareholders' Equity | 24,047.90 | 23,227.64 | 21,732.51 | 20,084.12 |
Cash Flow (MB)
| Operating | 325.32 | -2,071.13 | -5,431.29 | 215.12 |
| Investing | -498.53 | -2,168.44 | -783.24 | 450.18 |
| Financing | -539.26 | 4,139.08 | 2,919.85 | 2,524.88 |
Financial Ratio
| EPS (Baht) | 0.40 | 0.58 | 0.61 | 0.49 |
| GP Margin (%) | 28.80 | 32.21 | 33.22 | 30.77 |
| NP Margin (%) | 8.37 | 10.23 | 11.82 | 10.51 |
| D/E Ratio (x) | 1.79 | 1.75 | 1.64 | 1.48 |
| ROE (%) | 7.22 | 11.04 | 12.22 | 10.64 |
| ROA (%) | 3.72 | 5.88 | 6.30 | 5.75 |
Business Plan
The Company aims to 2025 business targets , which are
1. 2025 presales target at Bt26,000 million
2. 2025 portfolio revenue target at Bt25,000 million
3. 15 new projects with total value of Bt 28,000 million
Sustainable Development Plan
- The Company combines sustainability issues with its strategies and goals. Company growth must cooperate with creating values for the people and for the earth which will eventually contribute back to the Company’s sustainable growth, comprising 4 main pillars, which are customers, employees, environment, and corporate, all leading to goals and implementations regarding the strategy called “Thriving Together".
- SC pursues sustainable growth in its third decade by delivering value to people and the planet, driven by a diversified business portfolio. Sustainability Goals in SC’s Third Decade as follows;
- Customers:Enjoy a better quality of life through high-quality, innovative products and services.
- Employees: Feel secure, empowered to grow, and proud to co-create value—within a safe working environment that allows them to realize their full potential.
- Environment: Experience fewer negative impacts from the company’s growth, with reduced GHG emissions across all business activities. Environmental responsibility is embraced as the new standard of business.
Business Highlight
In 2024, the Company generated presales at Bt 25,000 million and portfolio revenues at Bt 22,600 million, derived from various businesses which are property development for sales and property development for rental and rendering services. Moreover, the Company has maintained solid financial position and credit rating from Tris Rating at BBB+. The Company launched 17 new projects with value of Bt 29,500 million and there has been 81 projects available for sales with value of Bt 66,500 million, divided into landed projects at 90% and high rise projects at 10%. More than 70% of landed projects which are products with pricing more than Bt 10 million.
Performance and Analysis
Business Performance Summary
In 2024 The Company showed performance highlights from
consolidated statements of income as follow;
• Operating Revenues at Bt 20,302 million
• Gross Profit at Bt 5,847 million
• Net Profit to the owner at Bt 1,706 million.
• Earning Per Share at Bt 0.40
Key Milestones
- Nowadays, SC Asset operates fully integrated property development which are property development for sales, property development for rental and rendering services and property services
- In 2018, the Company invested in rental apartments in the United States of America by subsidiary, SC Alpha.
- In 2019, the Company set up subsidiary, SC Expedition Co., Ltd., to expand in recurring income businesses such as hotels, warehouses.
- In 2024, the Company has rental spaces of warehouses approximately 200,000 sqm. and hotels with 545 rooms that some have been operated.
Risk Management Policy
The Company follows the COSO ERM 17 framework which are;
- Set objectives
- Set Risk Assessment Measures
- Identify Risk
- Assess the Severity of the Risk
- RIsk Response
- Monitor and Reporting on Risk Management
Recent Awards and Recognitions
- BCI Asia Top 10 Developers Awards 2024, No.19, for the 95E1 and the Venue ID Rangsit-Pathumthani.
- Best Quiet Luxury Home and Best Innovative Home for the 95E1, and Best Wellbeing Home for the Grand Bangkok Boulevard Petchkasem-Kanchana.
- Thailand's Most Admired Brand 2024 and Innovation Brand Award, both in the single detached house category.
- Top 3 Thailand Brand Superfans 2024 and the Most Brand Future Valuation 2024 for Property Sector from Baramizi.
- Happiness Hero Award” from the TERRAHINT Brand Series 2024 event.
- SC Asset was assessed by the SET ESG Rating at AA level.
- SC Asset was certified for three continuous years by the ISO 14064-1 to maintain standard on the measurement and reporting of Greenhouse Gas emissions.
- SC Asset was honored for its “Green” promotion events; the Inclusive Green Growth Day Empowered by SCG, and the “TOA GREEN MISSION TOWARDS NET ZERO” by TOA.
- SC Asset ranked 19th out of 50 dream organizations by WorkVenture.
Revenue Structure
Stock Information
SET / PROPCON / PROP
| as of 30/12/24 | SC | PROP | SET |
|---|---|---|---|
| P/E (X) | 5.29 | 13.12 | 19.33 |
| P/BV (X) | 0.47 | 0.99 | 1.40 |
| Dividend yield (%) | 9.37 | 4.53 | 3.23 |
| 30/12/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 10,949.67 | 14,014.95 | 17,819.44 |
| Price (B/Share) | 2.56 | 3.28 | 4.22 |
| P/E (X) | 5.29 | 5.46 | 8.09 |
| P/BV (X) | 0.47 | 0.62 | 0.86 |
CG Report:
Company Rating:
BBB+ (Stable)
Major Shareholders
as of 06/03/2025
Company Information and Contact
http://www.scasset.com
www.irscasset.com
0-2949-2000
1010 VIPHAVADI RANGSIT ROAD, CHATUCHAK Bangkok 10900
Other Trading Info. :
https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=SC
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