TITLE : RHOM BHO PROPERTY PUBLIC COMPANY LIMITED
3M/2025 (Jan - Mar 2025)
Business Overview

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

Financial Statement
3M25 3M24 2024 2023
Income Statement (MB)
Revenues 178.54 17.88 1,296.66 460.95
Expenses 204.54 56.51 1,142.12 426.71
Net Profit (Loss) -30.77 -37.40 91.23 22.21
Balance Sheet (MB)
Assets 11,018.92 4,614.08 8,852.63 3,472.90
Liabilities 9,762.81 3,814.15 7,715.17 2,635.58
Shareholders' Equity 1,106.66 799.92 1,137.43 837.32
Cash Flow (MB)
Operating 39.05 227.62 1,506.70 846.59
Investing -124.38 -929.55 -2,515.66 -774.45
Financing 638.82 263.85 578.43 749.56
Financial Ratio
EPS (Baht) -0.04 -0.05 0.12 0.03
GP Margin (%) 40.93 46.87 41.64 47.22
NP Margin (%) -17.55 -209.18 7.04 4.82
D/E Ratio (x) 7.77 4.77 6.78 3.15
ROE (%) 10.27 -10.56 9.24 2.96
ROA (%) 2.00 -3.04 2.39 1.38
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
  • 2023-Q1 2025, the Company has projects located in Rawai Beach, Nai Yang Beach, Bang Tao Beach and Kata Beach, Phuket Province, which are under construction and for sale, totaling 10 projects, which are residential condominium projects, including The Title Halo Naiyang, The Title Legendary Bang-Tao, The Title Heritage Bang-Tao, The Title Serenity Naiyang, The Title Cielo Rawai, The Modeva Bang-Tao, The Title Artrio Bang-Tao, The Katabello, The Adora Rawia and Luxury Villa projects, including The Tile Estella Naiyang, with a total project value of 33,447 million baht.
Performance and Analysis
Business Performance Summary

In the quarter 1 of 2025, the Group had total revenue of 176.55 million baht from the transfer of ownership of The Title Halo Naiyang and revenue from property management services.

Key Milestones

In 2023-2024, The Title Legendary Bang-Tao was launched in Bang-Tao Beach, a residential condominium project with 637 units. The Title Heritage Bang-Tao project was closed in Bang Tao Beach with 789 units, The Title Serenity Naiyang near Naiyang Beach with 814 units, The Title Cielo Rawai with 171 units, The Modeva near Bang-Tao Beach with 859 units, and The Title Artrio Bang-Tao next to Porto de Phuket with 435 units.

In the quarter 1 of 2025, the Group launched The Katabello project at Kata Beach with 760 units and The Adora Rawai project at Rawai Beach with 210 units, which are residential condominium projects, and The Title Villa Estella Naiyang with 26 units, which is a luxury villa project. The total value of the projects under construction and for sale is 33,447 million baht, with 5,030 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 88.42% Others 11.58%
Stock Information
mai / PROPCON
Closing price TITLE mai index 5.00 4.00 3.00 428.00 349.33 270.67 192.00 1-4-24 8-7-24 3-10-24 3-1-25 31-3-25
as of 31/03/25 TITLE PROPCON mai
P/E (X) 34.46 92.86 37.47
P/BV (X) 2.76 1.04 1.22
Dividend yield (%) 1.24 1.92 3.80
31/03/25 30/12/24 28/12/23
Market Cap (MB) 3,143.86 3,112.58 2,902.03
Price (B/Share) 4.02 3.98 4.02
P/E (X) 34.46 - 34.14
P/BV (X) 2.76 2.93 4.08
CG Report:
Company Rating:
Major Shareholders
as of 07/03/2025
บริษัท 39 ESTATE CO., LTD. (67.94%)
MR. MAI MANG LEE (2.01%)
บริษัท กรุงเทพประกันภัย จำกัด (มหาชน) (1.92%)
MISS CHANOKCHON PIMONPHAN (1.50%)
นาย SUPOTE WANNAROTE (1.01%)
Others (25.62%)
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 14/05/2025