Company Summary
GOLD GOLDEN LAND PROPERTY DEVELOPMENT PUBLIC COMPANY LIMITED
Property & Construction/Property Development
SET
CG Report:   
 
  Data as of 15 Jul 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
8.40 11.10 / 6.60 9.10 1.20 11,037.67 19,519.25 45,810.83 1,674.99 14.02
News
Date/Time Subject
11 Jul 2019 18:55   Submission of the Opinion of the Company on the Tender Offer (Form 250-2) of Golden Land Property Development Public Company Limited (Amendment No.2)
08 Jul 2019 17:38   Submission of the Opinion of the Company on the Tender Offer (Form 250-2) (Amendment No. 1) and the Opinion of the Independent Financial Advisor on the Tender Offer of Golden Land Property Development Public Company Limited (Amendment No. 1)
03 Jul 2019 17:27   Receiving of the Report of the Preliminary Results of Tender Offer (Form 247-6 Khor)
02 Jul 2019 17:04   Rights of Shareholders to propose issues for inclusion as AGM agenda and qualified candidate for nomination as the Company's Director
25 Jun 2019 18:05   Submission of the Opinion of the Company on the Tender Offer (Form 250-2) and the Opinion of the Independent Financial Advisor on the Tender Offer of Golden Land Property Development Public Company Limited
more

Company Profile
Address 36th floor, Sathorn Square Office Tower, 98 North Sathorn Road, Silom, Bangrak Bangkok 10500
Telephone 0-2764-6200
Fax 0-2620-6222
URL www.goldenland.co.th
  Annual Report 2018
Establish Date 12/09/1978 Listed Date 29/03/1994
IPO Price (Baht) 59.00 @Par10.00 Baht
IPO Financial Advisory
  • TISCO BANK PUBLIC COMPANY LIMITED
  • Par 4.75 Baht
    Last Par Change Old 10.00 : New 4.75 @ 28/08/2015

    Business
    The principal businesses of the Company are property development and related services.

    Free Float 14 Dec 2018 15 Dec 2017
    % /Shareholders
    20.80% 5,934 20.80% 6,023
    Foreign Shareholders 45.31% (As of 15/07/2019) Foreign Limit 49.00%
    NVDR Shareholders  1.77% (As of 15/07/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - 0.28 0.18
    20 Days -0.59 -1.32 -3.79
    60 Days 0.60 -3.57 -3.33
    120 Days 22.63 14.21 11.91
    YTD 20.00 10.37 8.60
    P/E (X) 9.10 14.89 18.62
    P/BV (X) 1.20 1.61 1.89
    Turnover Ratio (%) 0.01 0.15 1.06

    Top 10 Major Shareholders(@14 Dec 2018) Share %
    1. บริษัท เฟรเซอร์ส พร็อพเพอร์ตี้ โฮลดิ้งส์ (ประเทศไทย) จำกัด 927,642,930 39.92
    2. บริษัท ยูนิเวนเจอร์ จำกัด (มหาชน) 912,829,675 39.28
    3. DBS BANK LTD 51,204,840 2.20
    4. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 18,589,856 0.80
    5. กองทุนเปิด บัวหลวงโครงสร้างพื้นฐานเพื่อการเลี้ยงชีพ 18,400,600 0.79
    6. กองทุนเปิด บัวหลวงปัจจัย 4 หุ้นระยะยาวปันผล 14,649,700 0.63

    Management Position
    1. Mr. WANCHAI SARATHULTHAT CHAIRMAN OF THE BOARD / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    2. Mr. THANAPOL SIRITHANACHAI PRESIDENT / DIRECTOR
    3. Mr. PANOTE SIRIVADHANABHAKDI VICE CHAIRMAN OF THE BOARD
    4. Mr. THAPANA SIRIVADHANABHAKDI DIRECTOR
    5. Mr. CHOTIPHAT BIJANANDA DIRECTOR
    6. Mr. SITHICHAI CHAIKRIANGKRAI DIRECTOR
    7. Mr. CHAINOI PUANKOSOOM INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    8. Mr. UDOM PUASAKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    15 Jul 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 2,323.72  2,323.72  2,323.72 
    Market Cap (MB.) 19,519.25  16,266.04  19,054.50 
    Price (B./share) 8.40  7.00  8.20 
    BVPS (B./Share) 6.99  6.97  6.31 
    P/BV (X) 1.20  1.00  1.30 
    P/E (X) 9.10  7.71  13.07 
    Turnover Ratio (%) 13.50  39.83  42.69 
    Value Trade/Day (MB.) 18.91  37.27  35.17 
    Beta 1.01  1.27  1.50 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 20.00  -14.63  26.15 
    Dividend Yield (%) 5.48  6.57  3.75 
    Payout Ratio 0.50  0.51  0.49 
    Dividend Policy At least 50% of its net profit after deducting tax and all reserves of the consolidated financial statement(with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Oct 2017 - 30 Sep 2018 0.46 Baht 14 Feb 2019 Cash
    01 Jan 2017 - 30 Sep 2017 0.25 Baht 14 Feb 2018 Cash
    01 Jan 2016 - 31 Dec 2016 0.23 Baht 18 May 2017 Cash
     
    Auditor
    (Effective Until 30/09/2019)
    MRS. WILAI BURANAKITTISOPON/KPMG PHOOMCHAI AUDIT LIMITED
    MISS NITTAYA CHETCHOTIROS/KPMG PHOOMCHAI AUDIT LIMITED
    MRS. SASITHORN PONGADISAK/KPMG PHOOMCHAI AUDIT LIMITED
    F/S Year ended 30/09
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 6M/2019 
    (01/10/18 
    -31/03/19) 
    6M/2018 
    (01/10/17 
    -31/03/18) 
    2018 
    (01/10/17 
    -30/09/18) 
    2017 
    (01/10/16 
    -30/09/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 1,432.45 787.59 1,018.44 905.97 582.31
    A/R Net 68.56 65.94 56.61 68.27 78.23
    Inventories 28,260.28 19,581.22 23,747.15 15,553.18 13,768.49
    Current Assets 30,139.99 20,805.93 25,157.13 16,790.19 14,725.37
    PP&E Net 2,447.72 2,490.65 2,462.61 2,539.67 2,559.07
    Total Assets 43,959.93 34,856.18 39,201.66 30,804.67 28,823.65
    OD 4,293.16 1,403.44 3,412.66 - 248.93
    A/P Net 2,517.79 1,795.20 2,242.97 1,442.49 1,147.30
    Current portion of LT 3,658.02 38.00 249.00 144.62 322.18
    Current Liabilities 12,221.57 4,990.94 7,868.91 3,292.13 3,203.28
    Non-Current Liabilities 15,804.35 15,005.31 15,443.06 13,148.80 11,806.53
    Total Liabilities 28,025.91 19,996.26 23,311.96 16,440.93 15,009.81
    Authorized Capital 11,037.67 11,037.67 11,037.67 11,037.67 11,037.67
    Paid-Up Capital 11,037.67 11,037.67 11,037.67 11,037.67 11,037.67
    Premium (Discount) on Share Capital 1,714.25 1,714.25 1,714.25 1,714.25 1,714.25
    Other Surplus (Deficit) 29.53 29.53 29.53 29.53 29.53
    Retained Earnings (Deficit) 3,454.45 2,372.84 3,406.54 1,871.80 1,314.89
    Treasury Stock - - - - -
    Shareholders' Equity 16,235.90 15,154.29 16,187.99 14,653.25 14,096.34
    Minority Interest -301.88 -294.37 -298.30 -289.51 -282.51
    more
    Statement of Comprehensive Income (MB.) 6M/2019 
    (01/10/18 
    -31/03/19) 
    6M/2018 
    (01/10/17 
    -31/03/18) 
    2018 
    (01/10/17 
    -30/09/18) 
    2017 
    (01/10/16 
    -30/09/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 9,047.59 7,724.98 15,733.01 9,197.19 10,943.54
    Other Income 81.40 35.91 62.65 154.93 199.86
    Total Revenues 9,161.06 7,791.54 15,871.30 9,421.74 11,180.34
    COGs 6,232.96 5,184.98 10,547.38 6,267.77 7,256.47
    SG&A 1,500.57 1,202.52 2,563.05 1,686.31 2,545.26
    Total Expenses 7,743.63 6,392.95 13,130.74 7,962.62 9,801.73
    EBITDA 1,674.99 1,647.51 3,240.72 1,844.83 1,817.21
    Depre. & Amor. 257.56 248.92 500.17 385.71 438.61
    EBIT 1,417.43 1,398.59 2,740.55 1,459.12 1,378.61
    Net Profit 1,116.82 1,081.97 2,109.61 1,093.71 1,046.30
    EPS (B.) 0.48 0.47 0.91 0.47 0.46
    more
    Statement of Cash Flow (MB.) 6M/2019 
    (01/10/18 
    -31/03/19) 
    6M/2018 
    (01/10/17 
    -31/03/18) 
    2018 
    (01/10/17 
    -30/09/18) 
    2017 
    (01/10/16 
    -30/09/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow -2,862.66 -2,474.71 -4,479.99 -152.26 4,549.32
    Investing Cash Flow 57.99 -219.00 -425.95 -137.32 -3,312.28
    Financing Cash Flow 3,218.68 2,575.34 5,018.42 613.23 -875.50
    Net Cash Flow 414.01 -118.38 112.48 323.66 361.54
    more
    Annualized: ROE, ROA
    Ratios 6M/2019  6M/2018  2018  2017 
    Current Ratio (X) 2.47 4.17 3.20 5.10
    ROE (%) 13.66 11.98 13.68 9.26
    ROA (%) 7.00 6.82 7.83 5.86
    D/E (X) 1.73 1.32 1.44 1.12
    Total Asset Turnover (X) 0.44 0.40 0.45 0.40
    Gross Profit Margin (%) 31.11 32.88 32.96 32.28
    EBIT Margin (%) 15.47 17.95 17.27 14.76
    Net Profit Margin (%) 12.19 13.89 13.29 11.09

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    14 Jan 2016 PP 685,700,997 2,323,720,000 4.75

    Growth Rate (%) 6M/2019  6M/2018  2018  2017 
    Sales Growth 17.12 35.20 31.68 9.18
    COGs Growth 20.21 32.33 30.35 11.51
    Total Revenue Growth 17.58 34.32 29.75 9.41
    Total Expense Growth 21.13 29.42 25.94 6.37
    Net Profit Growth 3.22 80.61 55.49 29.67

    Annualized
    Cash Cycle 6M/2019  6M/2018  2018  2017 
    A/R Turnover (Times) 253.61 210.63 251.96 175.00
    Avg. Collection Period (Days) 1.44 1.73 1.45 2.09
    Inventory Turnover (Times) 0.48 0.48 0.54 0.52
    Avg. Inventory Period (Days) 752.98 761.43 680.01 701.56
    A/P Turnover (Times) 5.38 5.23 5.72 5.61
    Avg. Payment Period (Days) 67.88 69.81 63.77 65.07
    Cash Cycle (Days) 686.54 693.36 617.69 638.58


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    Other Securities
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    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.
      -
     
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