TITLE : RHOM BHO PROPERTY PUBLIC COMPANY LIMITED
9M/2025 (Jan - Sep 2025)
Business Overview

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

Financial Statement
9M25 9M24 2024 2023
Income Statement (MB)
Revenues 1,691.19 724.13 1,296.66 460.95
Expenses 1,300.67 679.49 1,142.12 426.71
Net Profit (Loss) 282.57 13.11 91.23 22.21
Balance Sheet (MB)
Assets 13,673.91 7,423.24 8,852.63 3,472.90
Liabilities 12,094.84 6,362.25 7,715.17 2,635.58
Shareholders' Equity 1,380.90 1,060.99 1,137.43 837.32
Cash Flow (MB)
Operating -439.62 1,587.07 1,506.70 846.59
Investing -366.31 -2,148.61 -2,515.66 -774.45
Financing 938.79 359.15 578.43 749.56
Financial Ratio
EPS (Baht) 0.36 0.02 0.12 0.03
GP Margin (%) 52.95 40.23 41.64 47.22
NP Margin (%) 16.60 1.81 7.04 4.82
D/E Ratio (x) 7.66 6.00 6.78 3.15
ROE (%) 29.54 -1.14 9.24 2.96
ROA (%) 4.61 0.31 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
  • In 2023-Q3'2025, the company has projects located in the areas of Rawai Beach, Nai Yang Beach, Bang TaoBeach and KataBeach, Phuket Province, which are under construction and for sale, totaling 12 projects. These 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 , The Titla Vivi Bangtao and Luxury Villa projects, including The Tile Estella Naiyang, The Title Kirara Cherngtalay with a total project value of 35,222 million baht.
Performance and Analysis
Business Performance Summary

In Q3'2025 the Group's total revenue was 1,268.30 million baht, profit for this quarter 305.29 million baht, primarily from the commencement of transfers of ownership of The Title Legendary Bang-Tao units and revenue from property management services.

Key Milestones

In 2013-2014, The Title Legendary Bang-Tao project was launched, with 637 units. The Title Heritage Bang-Tao project with 789 units; The Title Serenity Naiyang with 814 units; The Title CieloRawai with 171 units; The Modeva with 859 units; and The Title Artrio Bang-Tao with 435 units.

In Q1-3'2025, the group launched The Katabello project at Kata Beach with 760 units; The Adora Rawai project at Rawai Beach with 210 units; TheTitleVivi Bangtao project with 181 units, a residential condominium project; and Luxury Villa projects including The Title Villa Estella Naiyang with 26 units and The Title Villa Kirara Cherngtalay with 37 units. The total value of all projects under construction and for sale is 35,222 million baht, with 5,248 units.

The Group has established a subsidiary to provide property management services, including a juristic person team to manage the project, tenant procurement and coordination services, laundry services,and in-room cleaning services to help maintain the property and quality of life of residents within The Title project. Furthermore, the Group has expanded its operations by opening a community mall, Mingle Mall NaiYang, and is preparing to open a beach club to become a new landmark in Phuket.

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 96.23% Others 3.77%
Stock Information
mai / PROPCON
Closing price TITLE mai index 5.00 4.00 3.00 369.00 306.67 244.33 182.00 1-10-24 2-1-25 28-3-25 2-7-25 30-9-25
as of 30/09/25 TITLE PROPCON mai
P/E (X) 33.23 - 72.21
P/BV (X) 3.16 1.23 1.27
Dividend yield (%) 1.15 1.64 3.64
30/09/25 30/12/24 28/12/23
Market Cap (MB) 3,394.12 3,112.58 2,902.03
Price (B/Share) 4.34 3.98 4.02
P/E (X) 33.23 - 34.14
P/BV (X) 3.16 2.93 4.08
CG Report:
Company Rating:
Major Shareholders
as of 02/05/2025
บริษัท 39 เอสเตท จำกัด (67.94%)
MR. MAI MANG LEE (2.03%)
บริษัท กรุงเทพประกันภัย จำกัด (มหาชน) (1.88%)
MISS CHANOKCHON PIMONPHAN (1.50%)
นาย สุพจน์ วรรณโรจน์ (1.01%)
Others (25.64%)
Company Information and Contact
http://www.thetitleresidence.com
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 13/11/2025