Company Summary
B-WORK BUALUANG OFFICE LEASEHOLD REAL ESTATE INVESTMENT TRUST
Property & Construction/Property Fund & REITs
SET
CG Report:   -
 
  Data as of 30 Jul 2021  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.)
9.90 12.20 / 9.70 - 0.95 3,620.03 3,651.12
News
Date/Time Subject
13 May 2021 08:25   Notification of the 11st dividend payment of Bualuang Office Leasehold Real Estate Investment Trust (Revised)
12 May 2021 18:07   Disclosure of the presentation for the 1Q2021 financial result of Bualuang Office Leasehold Real Estate Investment Trust on the REIT's website
12 May 2021 18:06   Notification of the 11st dividend payment of Bualuang Office Leasehold Real Estate Investment Trust
12 May 2021 18:05   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2021
12 May 2021 18:01   Reviewed financial performance Quarter 1 (F45)
more

Company Profile
Fund/Trust Manager BBL ASSET MANAGEMENT CO., LTD.
Asset Manager True Properties Company Limited
Trustee KRUNG THAI ASSET MANAGEMENT PUBLIC COMPANY LIMITED
Address 175 Sathorn City Tower, 7th, 21st and 26th Floor, South Sathorn Road, Sathorn Bangkok 10120
Telephone 0-2674-6488
Fax 0-2679-5996
URL http://www.bworkreit.com
  Annual Report 2020
Establish Date 6/2/2018 Listed Date 28/02/2018
IPO Price (Baht) 10.00 @Par10.00 Baht
IPO Financial Advisory
  • BANGKOK BANK PUBLIC COMPANY LIMITED
  • Par 9.8157 Baht
    Last Par Change Old 10.00 : New 9.8157 @ 26/12/2018

    Business
    To invest in 30 years leasehold right of True Tower 1 and True Tower 2 office buildings

    Free Float 31 Mar 2021 13 Apr 2020
    % /Shareholders
    77.87% 1,488 78.99% 1,335
    Foreign Shareholders 0.31% (As of 30/07/2021) Foreign Limit 49.00%
    NVDR Shareholders  - (As of 30/07/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - 0.95 1.25
    20 Days -0.50 3.59 3.80
    60 Days -0.50 -1.72 3.50
    120 Days -10.00 -13.43 -13.25
    YTD -11.61 -10.10 -15.82
    P/E (X) - N/A 28.74
    P/BV (X) 0.95 1.07 1.67
    Turnover Ratio (%) 0.01 0.03 1.63

    Top 10 Major Shareholders(@27 May 2021) Share %
    1. บริษัท TRUE PROPERTIES CO.,LTD. 56,000,000 15.18
    2. PRINCIPAL PROPERTY INCOME FUND 36,805,500 9.98
    3. สำนักงานประกันสังคม 32,585,000 8.84
    4. ALLIANZ AYUDHYA ASSURANCE PUBLIC COMPANY LIMITED 28,000,000 7.59
    5. ธนาคาร ออมสิน 25,216,000 6.84
    6. บริษัท เมืองไทยประกันชีวิต จำกัด (มหาชน) 12,128,900 3.29
    7. บริษัท เมืองไทยประกันภัย จำกัด (มหาชน) 9,265,700 2.51
    8. KRUNGTHAI-AXA LIFE INSURANCE PUBLIC COMPANY LIMITED 7,403,400 2.01
    9. บริษัท Aioi Bangkok Insurance Public Company Limited 7,323,100 1.99
    10. FWD LIFE INSURANCE PUBLIC COMPANY LIMITED 6,830,000 1.85

    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    30 Jul 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 368.80  368.80  368.80 
    Market Cap (MB.) 3,651.12  4,130.56  4,462.48 
    Price (B./share) 9.90  11.20  12.10 
    BVPS (B./Share) 10.47  10.42  10.01 
    P/BV (X) 0.95  1.07  1.21 
    P/E (X)
    Turnover Ratio (%) 7.05  11.82  15.93 
    Value Trade/Day (MB.) 1.90  2.07  2.82 
    Beta 0.09  0.33  0.02 
    NAV / Unit 10.47  (Date as of: 30/07/2021) 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) -11.61  -7.44  13.08 
    Dividend Yield (%) 7.79  6.75  4.00 
    Payout Ratio N/A  N/A  N/A 
    Dividend Policy No less than 90% of adjusted net profit for that fiscal year (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2021 - 31 Mar 2021 0.2029 Baht 09 Jun 2021 Cash
    01 Oct 2020 - 31 Dec 2020 0.1912 Baht 24 Mar 2021 Cash
    01 Jul 2020 - 30 Sep 2020 0.1923 Baht 08 Dec 2020 Cash
    01 Apr 2020 - 30 Jun 2020 0.1923 Baht 10 Sep 2020 Cash
    01 Jan 2020 - 31 Mar 2020 0.1951 Baht 10 Jun 2020 Cash
    01 Oct 2019 - 31 Dec 2019 0.1956 Baht 26 Mar 2020 Cash
    01 Jul 2019 - 30 Sep 2019 0.188 Baht 06 Dec 2019 Cash
    01 Apr 2019 - 30 Jun 2019 0.181 Baht 05 Sep 2019 Cash
    01 Jan 2019 - 31 Mar 2019 0.1912 Baht 11 Jun 2019 Cash
    01 Jul 2018 - 31 Dec 2018 0.18 Baht 25 Mar 2019 Cash
    06 Feb 2018 - 30 Jun 2018 0.3034 Baht 06 Sep 2018 Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MRS. MUNCHUPA SINGSUKSAWAT/KPMG PHOOMCHAI AUDIT LIMITED
    MISS SUJITRA MASENA/KPMG PHOOMCHAI AUDIT LIMITED
    Miss NAREEWAN CHAIBANTAD/KPMG PHOOMCHAI AUDIT LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (06/02/18 
    -31/12/18) 
    Cash And Cash Equivalents 239.00 89.91 207.57 86.41 134.92
    Investment 4,700.91 4,698.54 4,725.93 4,679.69 4,491.00
    Trade And Other Receivables - Net 22.87 82.66 22.42 70.88 55.75
    Total Assets 5,003.20 4,913.24 4,990.67 4,873.06 4,864.62
    Trade And Other Payables 57.06 83.91 58.35 53.93 50.91
    Long-Term Debts 920.00 - - - -
    Deposit Recieved - - - - -
    Total Liabilities 1,141.17 1,203.93 1,141.39 1,171.86 1,161.81
    Issued and Fully Paid-up Share Capital 3,620.03 3,620.03 3,620.03 3,620.03 3,620.03
    Retained Earnings (Deficit) 242.01 89.28 229.25 81.17 82.78
    Net Assets 3,862.04 3,709.31 3,849.28 3,701.20 3,702.81
    Net Asset Value per Unit (Unit:Baht) 10.47 10.06 10.44 10.00 10.04
    more
    Statement of Comprehensive Income (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (06/02/18 
    -31/12/18) 
    Income From Investment 143.86 148.20 575.64 579.53 506.20
    Other Income 2.81 - - - -
    Total Revenues 146.67 148.20 575.64 579.53 506.20
    Management Fee 3.31 3.27 13.30 13.05 11.85
    Trustee Fee 2.14 2.12 8.63 8.50 7.70
    Property Management Fee 13.24 11.84 46.56 40.50 30.63
    SG&A 0.60 0.62 2.29 2.91 2.81
    Cost of Rental and Service 33.40 37.90 148.47 156.82 141.46
    Total Expenses 63.21 67.96 263.81 272.34 232.67
    Net Investment Income 83.45 80.24 311.82 307.19 273.53
    more
    Statement of Cash Flow (MB.) 3M/2021 
    (01/01/21 
    -31/03/21) 
    3M/2020 
    (01/01/20 
    -31/03/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (06/02/18 
    -31/12/18) 
    Operating Cash Flow 121.33 99.02 451.14 268.72 -4,268.74
    Financing Cash Flow -89.90 -95.53 -329.99 -317.23 4,403.66
    Net Cash Flow 31.43 3.49 121.16 -48.51 134.92
    more
    Annualized: ROE, ROA
    Ratios 3M/2021  3M/2020  2020  2019 
    Net Investment Income to Total Income Ratio 0.57 0.54 0.54 0.53
    Debt to Asset Ratio 0.23 0.25 0.23 0.24

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 3M/2021  3M/2020  2020  2019 
    Growth Rate - Total Liabilities -5.21 3.77 -2.60 0.87
    Growth Rate - Total Assets 1.83 0.77 2.41 0.17


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    No Information Found
    more

    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
     
    Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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