TITLE : RHOM BHO PROPERTY PUBLIC COMPANY LIMITED
YE/2567 (Jan - Dec 2024)
Business Overview

TITLE is a property developer for sale by focusing on condominium brand "The Title" in Phuket.

Financial Statement
2024 2023 2022 2021
Income Statement (MB)
Revenues 1,296.66 460.95 595.96 76.04
Expenses 1,142.12 426.71 506.70 210.43
Net Profit (Loss) 91.23 22.21 61.19 -114.07
Balance Sheet (MB)
Assets 8,852.63 3,472.90 1,236.98 1,478.45
Liabilities 7,715.17 2,635.58 574.53 884.86
Shareholders' Equity 1,137.43 837.32 662.45 593.59
Cash Flow (MB)
Operating 1,506.70 846.59 488.20 -108.95
Investing -2,515.66 -774.45 -7.19 -24.32
Financing 578.43 749.56 -463.19 89.27
Financial Ratio
EPS (Baht) 0.12 0.03 0.08 -0.16
GP Margin (%) 41.64 47.22 44.37 -72.57
NP Margin (%) 7.04 4.82 10.27 -150.01
D/E Ratio (x) 6.78 3.15 0.87 1.49
ROE (%) 9.24 2.96 9.74 -17.53
ROA (%) 2.39 1.38 6.57 -9.38
Business Plan

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.

Sustainable Development Plan

Real estate and quality product development under the principles of corporate governance.

Business Highlight
  • In 2023, the company launched a residential condominium project, The Title Legendary Bang-Tao, with a project value of 4,500 million baht.
  • In 2024, the Company launched 5 residential condominium projects: The Title Heritage Bang-Tao, project value 6,000 million baht, The Title Serenity Naiyang, project value 4,000 million baht, The Title Cielo Rawai, project value 1,200 million baht, The Modeva, project value 6,200 million baht, and The Title Artrio Bang-Tao, project value 2,600 million baht, total project value 20,000 million baht.
Performance and Analysis
Business Performance Summary

In 2024, the Company has revenue from sales was 1,250.74 million baht from the transfer of ownership of The Title Halo Naiyang, with a net profit for the year of 91.23 million baht.

Key Milestones

In 2023, The Title Legendary Bang-Tao project will be launched for sale, located in Bang Tao Beach. It is a residential condominium with a project value of 4,500 million baht and 637 units.

In 2024, the project The Title Heritage Bang-Tao will be launched for sale in the Bang Tao Beach area, with a project value of 6,000 million baht and 789 units; The Tilte Serenity Naiyang near Nai Yang Beach, with a project value of 4,000 million baht and 814 units; The Title Cielo Rawai in the Rawai Beach area, with a project value of 1,200 million baht and 171 units; The Modeva near Bang Tao Beach, with a project value of 6,200 million baht and 859 units; and The Title Artrio Bang-Tao next to Porto de Phuket, with a project value of 2,600 million baht and 435 units. It is a residential condominium, with a total project value of 20,000 million baht and 3,068 units.

The company has established The Esquire Co., Ltd. to operate a business providing Property Management services, covering a team of juristic persons to help manage within the project, tenant procurement and coordination services, laundry services, and in-room cleaning services to help take care of the property and quality of life of residents in The Title projects for more comfortable living.

Risk Management Policy

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

Recent Awards and Recognitions
  • 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.
Revenue Structure
Revenues From sales 96.46% Others 3.54%
Stock Information
mai / PROPCON
Closing price TITLE mai index 5.00 4.00 3.00 440.00 381.67 323.33 265.00 2-1-24 27-3-24 2-7-24 30-9-24 30-12-24
as of 30/12/24 TITLE PROPCON mai
P/E (X) - 30.62 41.84
P/BV (X) 2.93 1.78 1.55
Dividend yield (%) - 1.86 2.47
30/12/24 28/12/23 30/12/22
Market Cap (MB) 3,112.58 2,902.03 1,169.47
Price (B/Share) 3.98 4.02 1.62
P/E (X) - 34.14 111.25
P/BV (X) 2.93 4.08 1.89
CG Report:
Company Rating:
Major Shareholders
as of 11/03/2024
บริษัท 39 ESTATE CO., LTD. (67.61%)
MR. MAI MANG LEE (2.01%)
บริษัท กรุงเทพประกันภัย จำกัด (มหาชน) (1.94%)
MISS CHANOKCHON PIMONPHAN (1.48%)
นาย PARKIN LHAOGUMNERD (1.11%)
Others (25.85%)
Company Information and Contact
http://www.rhombho.co.th
IR@rhombho.co.th
0-2103-6444
444 - 444/1 Pracha Uthit Road, Huaykwang, Huaykwang District Bangkok 10310
Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=TITLE
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Published on 27/02/2025