The Company operates as a Holding Company, with subsidiaries primarily engaged in real estate development for sale, encompassing condominium projects, housing estates, townhomes, and home offices. The Company aims to achieve stable and sustainable long-term growth through a strategy of diversifying investments into real estate-related businesses, such as property management, hotel operations, and related services. This approach is intended to support the core business, strengthen its overall capabilities, and establish the Company as one of Thailand's leading real estate developers.
| 3M26 | 3M25 | 2025 | 2024 |
|---|
| Revenues | 2,162.01 | 1,792.84 | 9,465.86 | 9,941.31 |
| Expenses | 1,816.68 | 1,508.33 | 7,601.60 | 7,950.05 |
| Net Profit (Loss) | 229.55 | 201.43 | 1,077.66 | 1,456.72 |
| Assets | 44,197.22 | 33,703.77 | 40,163.90 | 31,832.36 |
| Liabilities | 34,099.07 | 24,847.22 | 30,303.66 | 23,202.82 |
| Shareholders' Equity | 9,170.33 | 8,014.94 | 8,940.78 | 7,813.51 |
| Operating | -579.71 | 51.52 | -1,601.40 | 685.91 |
| Investing | -846.98 | -223.85 | -1,012.33 | -1,550.43 |
| Financing | 1,774.54 | 313.54 | 2,275.09 | 935.01 |
| EPS (Baht) | 0.26 | 0.22 | 1.20 | 1.62 |
| GP Margin (%) | 41.49 | 40.53 | 41.63 | 41.40 |
| NP Margin (%) | 11.00 | 11.10 | 12.96 | 14.98 |
| D/E Ratio (x) | 3.38 | 2.81 | 3.07 | 2.69 |
| ROE (%) | 12.87 | 18.88 | 12.86 | 20.25 |
| ROA (%) | 5.02 | 6.32 | 5.22 | 7.01 |
The company aims to achieve sustainable growth and strives to become a leading real estate company in Thailand.
- Rhom Bho Property Public Company Limited or TITLE, a subsidiary of the Company, moved its trading from the MAI Stock Exchange (mai) to the Stock Exchange of Thailand (SET) on January 30, 2026, with the Company holding a 68.87% stake.
- As of Q1/2026, the Company had a backlog totaling over 38,010 million Baht, an increase of 12%.
Operating results for the period ended March 31, 2026, show that the Group reported total accumulated revenue from sales and services of 2,162 million Baht. Which main source of revenue came from sales of real estate 2,005 million Baht, and net profit attributable to the parent company was 230 million Baht, with a gross profit margin of 41% and a net profit margin of 11%.
In 2026, the company aims to launch a total of 11 new projects with a combined value of 17,555 million baht, and sets a pre-sales target of 18,500 million baht and a total revenue target of 12,500 million baht, and in Q1/2026, achieved pre-sales of 6,854 million baht, representing 37% of the set target.
The Company's core business is real estate development for sale, with its primary project development base in Bangkok and its vicinity, which is a market with continuous residential demand. To manage portfolio concentration risk and enhance long-term growth opportunities, the Company has implemented a strategy to expand investments into high-potential locations. These include the Eastern Economic Corridor (EEC), which is an area with growth potential driven by investment and economic activities, and Phuket Province, a world-class destination that continuously attracts interest from both domestic and international customers. Phuket's strengths stem from its diverse demand base, including demand for residential properties, leisure, and investment. Furthermore, it boasts a high-purchasing-power customer base. This enables the Company to create opportunities for developing projects that can generate returns and support the Company's stable and sustainable growth in all market conditions.
- The Company has been achieved an "AAA" rating in the SET ESG Ratings for 2025 from the Stock Exchange of Thailand
- The Company has been certified as a member of the Thai Private Sector Collective Action Against Corruption (CAC).
| as of 31/03/26 | ASW | PROP | SET |
|---|---|---|---|
| P/E (X) | 5.97 | 14.78 | 16.56 |
| P/BV (X) | 0.72 | 0.80 | 1.36 |
| Dividend yield (%) | 6.99 | 4.77 | 4.41 |
| 31/03/26 | 30/12/25 | 30/12/24 | |
|---|---|---|---|
| Market Cap (MB) | 6,433.17 | 5,398.47 | 7,107.98 |
| Price (B/Share) | 7.15 | 6.00 | 7.90 |
| P/E (X) | 5.97 | 6.38 | 3.98 |
| P/BV (X) | 0.72 | 0.64 | 0.93 |
