Company Summary
LHSC LH SHOPPING CENTERS LEASEHOLD REAL ESTATE INVESTMENT TRUST
Property & Construction/Property Fund & REITs
SET
CG Report:   -
 
  Data as of 23 Sep 2021  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.)
10.30 12.40 / 9.80 - 0.86 4,978.26 5,027.07
News
Date/Time Subject
13 Aug 2021 19:49   Reviewed financial performance Quarter 2 (F45)
13 Aug 2021 19:49   Financial Statement Quarter 2/2021 (Reviewed)
13 Aug 2021 19:49   Details of LH Shopping Centers Leasehold Real Estate Investment Trust
13 Aug 2021 19:49   Report NAV as of 30 June 2021
13 Aug 2021 19:46   Clarification on the Change of Operational Performance Exceeding 20%
more

Company Profile
Fund/Trust Manager LAND AND HOUSES FUND MANAGEMENT CO.,LTD.
Asset Manager L&H Retail Management Co., Ltd.
Trustee SCB Asset Management Company Limited
Address 11 Q.House Sathorn Building, 14thFloor,South Sathorn Road, Tungmahamek, Sathorn Bangkok 10120
Telephone 0-2286-3484
Fax 0-2286-3585
URL www.lhfund.co.th
  Annual Report 2020
Establish Date 22/12/2014 Listed Date 26/12/2014
IPO Price (Baht) 10.20 @Par10.20 Baht
IPO Financial Advisory
  • THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED
  • Par 10.20 Baht
    Last Par Change N/A

    Business
    The Trust has invested in the leasehold right in immovable properties and the ownership in movable properties in Terminal 21 Shopping Center from L&H Property Company Limited, period of 26 years ending in August 31, 2040 with a gross floor area 97,905 square meters (leasable area 34,058 square meters). The leasable area was allocated to tenant groups as retail businesses and service businesses. There is nominated by L&H Retail Management Company Limited to act the property manager of the Shopping Center.

    Free Float 09 Apr 2021 14 Apr 2020
    % /Shareholders
    90.87% 2,937 90.86% 2,770
    Foreign Shareholders 0.47% (As of 23/09/2021) Foreign Limit 100.00%
    NVDR Shareholders  - (As of 23/09/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -0.96 -0.66 -0.93
    20 Days -0.96 0.15 -3.94
    60 Days -11.21 -8.01 -13.33
    120 Days -11.97 -11.32 -15.58
    YTD -9.65 -8.36 -19.72
    P/E (X) - N/A 20.85
    P/BV (X) 0.86 1.07 1.75
    Turnover Ratio (%) 0.02 0.06 2.22

    Top 10 Major Shareholders(@08 Jul 2021) Share %
    1. สำนักงานประกันสังคม 44,452,900 9.11
    2. บริษัท แอล เอช มอลล์ แอนด์ โฮเทล จำกัด 43,926,000 9.00
    3. กองทุนเปิด เค Property Infra Flexible 26,659,800 5.46
    4. บริษัท ไทยประกันชีวิต จำกัด (มหาชน) 26,331,700 5.40
    5. บริษัท เมืองไทยประกันชีวิต จำกัด (มหาชน) 23,482,600 4.81
    6. กองทุนเปิด ทีเอ็มบี อีสท์สปริง่พร็อพเพอร์ตี้ แอนด์ อินฟราสตรัคเจอร์ อินคัม พลัส เฟล็กซิเบิ้ล 22,188,800 4.55
    7. PRINCIPAL PROPERTY INCOME FUND 14,596,900 2.99
    8. บริษัท อาคเนย์ ประกันชีวิต จำกัด (มหาชน) 10,240,800 2.10
    9. ธนาคาร ออมสิน 9,198,600 1.88
    10. บริษัท เมืองไทยประกันภัย จำกัด (มหาชน) 7,176,000 1.47

    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    23 Sep 2021
    2020
    30 Dec 2020
    2019
    30 Dec 2019
    Listed share (M.) 488.06  488.06  488.06 
    Market Cap (MB.) 5,027.07  5,563.94  8,882.78 
    Price (B./share) 10.30  11.40  18.20 
    BVPS (B./Share) 11.94  12.09  12.17 
    P/BV (X) 0.86  0.94  1.49 
    P/E (X)
    Turnover Ratio (%) 6.12  8.36  9.38 
    Value Trade/Day (MB.) 1.83  2.35  3.41 
    Beta 0.44  0.61  0.16 
    NAV / Unit 11.94  (Date as of: 23/09/2021) 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) -9.65  -37.36  12.35 
    Dividend Yield (%) 3.40  8.37  5.03 
    Payout Ratio N/A  N/A  N/A 
    Dividend Policy Not less than 90% of adjusted net profit of the full year operating period in accordance to SEC regulation

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Mar 2021 - 30 Apr 2021 0.05 Baht 22 Jul 2021 Cash
    01 Jan 2021 - 28 Feb 2021 0.05 Baht 18 May 2021 Cash
    01 Nov 2020 - 31 Dec 2020 0.05 Baht 19 Mar 2021 Cash
    01 Sep 2020 - 31 Oct 2020 0.10 Baht 30 Dec 2020 Cash
    01 Mar 2020 - 31 Aug 2020 0.10 Baht 05 Nov 2020 Cash
    01 Jan 2020 - 29 Feb 2020 0.10 Baht 30 Apr 2020 Cash
    01 Nov 2019 - 03 Dec 2019 0.155 Baht 12 Mar 2020 Cash
    01 Sep 2019 - 31 Oct 2019 0.19 Baht 30 Dec 2019 Cash
    01 Jul 2019 - 31 Aug 2019 0.16 Baht 05 Nov 2019 Cash
    01 May 2019 - 30 Jun 2019 0.155 Baht 19 Aug 2019 Cash
    01 Mar 2019 - 30 Apr 2019 0.149 Baht 02 Jul 2019 Cash
    01 Jan 2019 - 28 Feb 2019 0.145 Baht 26 Apr 2019 Cash
    01 Nov 2018 - 31 Dec 2018 0.16 Baht 14 Mar 2019 Cash
    01 Sep 2018 - 31 Oct 2018 0.185 Baht 27 Dec 2018 Cash
    01 Jul 2018 - 31 Aug 2018 0.126 Baht 02 Nov 2018 Cash
     
    Auditor
    (Effective Until 31/12/2021)
    MISS RUNGNAPA LERTSUWANKUL/EY OFFICE LIMITED
    MISS PIMJAI MANITKAJOHNKIT/EY OFFICE LIMITED
    MISS ROSAPORN DECHARKOM/EY OFFICE LIMITED
    MISS SUMANA PUNPONGSANON/EY OFFICE LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Cash And Cash Equivalents 111.94 102.26 160.36 97.40 92.38
    Investment 6,808.16 6,786.38 6,734.79 7,047.17 6,908.47
    Trade And Other Receivables - Net 100.08 92.70 99.39 45.65 59.30
    Total Assets 7,029.99 6,993.95 7,001.92 7,198.84 7,081.58
    Trade And Other Payables 25.55 32.36 31.09 48.62 58.43
    Long-Term Debts 834.06 - - - -
    Deposit Recieved 1.70 - - - -
    Total Liabilities 1,200.48 1,190.19 1,170.08 1,293.55 1,309.38
    Issued and Fully Paid-up Share Capital 4,978.26 4,978.26 4,978.26 4,978.26 4,978.26
    Retained Earnings (Deficit) 851.25 825.51 853.58 927.03 793.94
    Net Assets 5,829.51 5,803.77 5,831.84 5,905.29 5,772.20
    Net Asset Value per Unit (Unit:Baht) 11.94 11.89 11.95 12.10 11.83
    more
    Statement of Comprehensive Income (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Income From Investment 207.58 370.57 668.37 1,320.29 1,303.94
    Other Income 2.43 - - - -
    Total Revenues 210.01 370.57 668.37 1,320.29 1,303.94
    Management Fee 3.66 - - - 7.29
    Trustee Fee 2.40 6.18 12.37 12.36 -
    Property Management Fee 14.48 22.95 46.28 83.60 77.19
    SG&A 40.47 52.28 106.80 176.21 180.56
    Cost of Rental and Service 107.93 126.49 269.06 441.85 469.34
    Total Expenses 181.82 223.49 461.38 746.17 784.97
    Net Investment Income 28.18 147.09 206.99 574.12 518.97
    more
    Statement of Cash Flow (MB.) 6M/2021 
    (01/01/21 
    -30/06/21) 
    6M/2020 
    (01/01/20 
    -30/06/20) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    Operating Cash Flow 14.18 203.98 373.53 503.04 662.84
    Financing Cash Flow -62.60 -199.12 -310.57 -498.03 -659.75
    Net Cash Flow -48.42 4.86 62.96 5.02 3.09
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    Annualized: ROE, ROA
    Ratios 6M/2021  6M/2020  2020  2019 
    Net Investment Income to Total Income Ratio 0.13 0.40 0.31 0.43
    Debt to Asset Ratio 0.17 0.17 0.17 0.18

    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 (%) 6M/2021  6M/2020  2020  2019 
    Growth Rate - Total Liabilities 0.87 -12.80 -9.55 -1.21
    Growth Rate - Total Assets 0.52 -2.98 -2.74 1.66


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

    Market Alert (Latest)
    No Information Found
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    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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