Company Summary
PACE-R PACE DEVELOPMENT CORPORATION PUBLIC COMPANY LIMITED
Property & Construction/Property Development
SET
CG Report:   -
 
  Data as of 18 Sep 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
0.14 0.63 / 0.13 N/A 7.89 14,373.42 2,012.28 22,377.13 -680.47 -13.93
News
Date/Time Subject
18 Sep 2019 17:45   Resignation of Director and Appointment of Executive
09 Sep 2019 08:13   Information Memorandum of PACE-W3
09 Sep 2019 08:06   SET adds new listed securities : PACE-W3 to be traded on September 10, 2019
30 Aug 2019 12:57   Report on the results of the sale of warrants offered to shareholders who subscribe for additional shares (F53-5)
26 Aug 2019 17:52   Plan and Progress Report in Solving C Caution
more

Company Profile
Address No. 87/2 CRC Tower, All Seasons Place, 45th Floor Unit 4, Wireless Road, Lumpini Sub-district, Pathumwan District Bangkok 10330
Telephone 0-2654-3344
Fax 0-2654-3323
URL http://www.pacedev.com
  Annual Report 2018
Establish Date 1/9/2003 Listed Date 07/08/2013
IPO Price (Baht) 3.50 @Par1.00 Baht
IPO Financial Advisory
  • ASIA PLUS ADVISORY COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change N/A

    Business
    The Company is engaged in high-end real estate development, lifestyle retail gourmet food and beverages including the ownership of global brand Dean & DeLuca Inc., USA. Currently, PACE is developing MahaNakhon, a mixed-use project that consists of 5 star luxury boutique hotel (The Bangkok Edition), super-luxury residential condominium (The Ritz-Carlton Residences, Bangkok) and lifestyle retail center (MahaNakhon CUBE, Retail Hill, and Sky Observation Deck) located on Narathiwas-Rajanagarindra Road, and developing Nimit Langsuan project, a super-luxury condominium on Langsuan Road, and MahaSamutr project, resort-style luxury villas and luxurious country club, located in Hua Hin district, Prachaubkhirikhan province.

    Free Float 26 Mar 2019 29 Mar 2018
    % /Shareholders
    51.31% 5,100 47.02% 6,092
    Foreign Shareholders 14.19% (As of 18/09/2019) Foreign Limit 49.00%
    NVDR Shareholders  1.85% (As of 18/09/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -12.50 -10.44 -11.45
    20 Days -30.00 -27.99 -30.96
    60 Days -30.00 -24.26 -28.75
    120 Days -36.36 -35.49 -37.77
    YTD -61.11 -60.90 -63.23
    P/E (X) N/A 14.50 18.86
    P/BV (X) 7.89 1.50 1.85
    Turnover Ratio (%) 0.05 0.12 1.00

    Top 10 Major Shareholders(@08 May 2019) Share %
    1. นาย สรพจน์ เตชะไกรศรี 4,683,522,096 38.90
    2. นาย วิวรรธน์ ไกรพิสิทธิ์กุล 832,974,012 6.92
    3. นาย ก่อศักดิ์ ไชยรัศมีศักดิ์ 546,850,000 4.54
    4. UOB KAY HIAN PRIVATE LIMITED 500,000,000 4.15
    5. CHINA TONGHAI SECURITIES LIMITED - ACCOUNT CLIENT 376,504,500 3.13
    6. ธนาคาร ไทยพาณิชย์ จำกัด (มหาชน) 369,962,200 3.07
    7. THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SINGAPORE BRANCH 323,800,000 2.69
    8. นาย จิรวุฒิ คุวานันท์ 302,408,300 2.51
    9. นาย วิชัย วชิรพงศ์ 284,965,300 2.37
    10. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 262,276,194 2.18

    Management Position
    1. Mr. KRAITHIP KRAIRIKSH CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. SORAPOJ TECHAKRAISRI CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. CHOTIPOL TECHAKRAISRI VICE CHAIRMAN OF THE BOARD OF DIRECTORS
    4. Mr. CHUMPOL TECHAKRAISRI DIRECTOR
    5. Mr. PORNSON PATANASIN DIRECTOR
    6. MRS. LADDA SIRIWATTANAKOSOL INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    7. Mr. PRASERT PATRADHILOK INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    8. Mr. WISIT KANJANOPAS INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    9. Mr. SARUNTHORN CHUTIMA INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    18 Sep 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 14,373.42  12,038.69  3,758.03 
    Market Cap (MB.) 2,012.28  4,333.93  2,217.24 
    Price (B./share) 0.14  0.36  0.59 
    BVPS (B./Share) 0.02  0.12  1.57 
    P/BV (X) 7.89  3.03  1.13 
    P/E (X) N/A  N/A  2.36 
    Turnover Ratio (%) 13.29  108.53  231.30 
    Value Trade/Day (MB.) 2.21  27.21  65.25 
    Beta 1.11  0.70  0.62 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) -61.11  -38.98  -82.21 
    Dividend Yield (%) N/A  N/A  N/A 
    Payout Ratio N/A  N/A  N/A 
    Dividend Policy At least 40 percent of the net profits after deductions of corporate income tax and legal reserves (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    No Information Found
     
    Auditor
    (Effective Until 31/12/2019)
    MISS SIRAPORN OUAANUNKUN/E Y OFFICE COMPANY LIMITED
    MRS. CHONLAROS SUNTIASVARAPORN/E Y OFFICE COMPANY LIMITED
    Mr. CHATCHAI KASEMSRITHANAWAT/E Y OFFICE COMPANY LIMITED
    F/S Year ended 31/12
    Latest Type of Report Qualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 454.19 2,548.21 1,278.06 1,202.39 692.45
    A/R Net 583.90 1,883.68 886.72 80.10 93.34
    Inventories 10,301.96 9,346.84 9,724.13 12,563.47 10,849.95
    Current Assets 12,043.50 14,123.01 12,718.81 14,342.08 12,413.88
    PP&E Net 3,408.03 3,515.10 3,616.26 3,514.55 3,092.98
    Total Assets 21,074.05 23,653.37 21,611.88 32,422.63 31,831.16
    OD 3,041.10 2,976.47 3,058.56 4,340.70 1,141.02
    A/P Net 2,718.76 3,068.85 2,648.35 2,490.23 1,660.24
    Current portion of LT 9,634.19 7,630.60 9,740.16 9,390.80 10,635.02
    Current Liabilities 19,050.47 15,440.39 18,876.52 19,959.26 21,895.13
    Non-Current Liabilities 1,768.58 5,914.26 1,470.29 10,201.44 8,246.82
    Total Liabilities 20,819.05 21,354.65 20,346.81 30,160.69 30,141.95
    Authorized Capital 26,783.43 16,782.65 16,782.65 16,782.65 4,078.03
    Paid-Up Capital 12,038.69 11,538.69 12,038.69 3,758.03 3,758.03
    Premium (Discount) on Share Capital -255.32 -44.62 -255.32 3,846.81 3,846.81
    Other Surplus (Deficit) -742.40 -1,004.92 -1,004.92 -1,000.85 -1,388.48
    Retained Earnings (Deficit) -10,639.67 -8,443.26 -9,955.45 -4,572.13 -5,163.93
    Treasury Stock - - - - -
    Shareholders' Equity 255.00 2,298.72 1,265.06 2,246.94 1,689.21
    Minority Interest - 0.00 0.00 14.99 0.00
    more
    Statement of Comprehensive Income (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 988.77 6,373.83 8,549.09 9,114.27 5,383.57
    Other Income 290.32 195.72 264.36 156.61 83.17
    Total Revenues 1,279.10 6,569.55 8,813.45 9,270.89 5,466.74
    COGs 492.17 4,548.14 5,951.55 6,138.22 2,782.93
    SG&A 1,559.85 2,071.37 3,674.40 5,812.45 4,391.36
    Total Expenses 2,056.02 9,773.42 13,205.49 14,318.07 7,235.96
    EBITDA -680.47 -3,095.39 -4,020.81 -4,764.40 -1,425.25
    Depre. & Amor. 96.45 108.48 371.23 282.79 343.97
    EBIT -776.93 -3,203.87 -4,392.04 -5,047.19 -1,769.22
    Net Profit -1,043.01 -3,871.13 -5,155.52 171.12 -2,326.40
    EPS (B.) -0.09 -0.38 -0.47 0.05 -0.67
    more
    Statement of Cash Flow (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow -969.39 1,485.53 218.12 -542.52 -2,305.97
    Investing Cash Flow -393.37 2,893.36 2,442.04 3,503.56 -2,312.84
    Financing Cash Flow 472.33 -2,994.83 -2,579.15 -2,451.10 4,660.17
    Net Cash Flow -890.43 1,384.05 81.02 509.94 41.35
    more
    Annualized: ROE, ROA
    Ratios 6M/2019  6M/2018  2018  2017 
    Current Ratio (X) 0.63 0.91 0.67 0.72
    ROE (%) -182.28 -180.84 -293.59 8.69
    ROA (%) -8.79 -20.55 -16.26 -15.71
    D/E (X) 81.64 9.29 16.08 13.42
    Total Asset Turnover (X) 0.16 0.37 0.33 0.29
    Gross Profit Margin (%) 50.22 28.64 30.38 32.65
    EBIT Margin (%) -60.74 -48.77 -49.83 -54.44
    Net Profit Margin (%) -81.54 -58.93 -58.50 1.85

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    14 Aug 2019 XR 2,334,724,388 14,373,415,260 1.00
    29 Aug 2018 PP 500,000,000 12,038,690,872 1.00
    14 Feb 2018 XR 7,380,662,354 11,538,690,551 1.00
    08 Jan 2018 PP 400,000,000 4,158,028,197 1.00
    28 Jul 2016 PP 42,324,000 3,758,028,197 1.00
    28 Jul 2016 PP 134,026,000 3,715,704,197 1.00
    25 Jul 2016 PP 320,000,000 3,581,678,197 1.00

    Growth Rate (%) 6M/2019  6M/2018  2018  2017 
    Sales Growth -84.49 28.14 -6.20 69.30
    COGs Growth -89.18 36.40 -3.04 120.57
    Total Revenue Growth -80.53 29.46 -4.93 69.59
    Total Expense Growth -78.96 34.43 -7.77 97.87
    Net Profit Growth N/A N/A N/A N/A

    Annualized
    Cash Cycle 6M/2019  6M/2018  2018  2017 
    A/R Turnover (Times) 2.56 9.32 17.68 105.10
    Avg. Collection Period (Days) 142.33 39.15 20.64 3.47
    Inventory Turnover (Times) 0.19 0.78 0.53 0.52
    Avg. Inventory Period (Days) 1,891.72 469.26 683.43 696.12
    A/P Turnover (Times) 0.66 2.94 2.32 2.96
    Avg. Payment Period (Days) 557.21 124.27 157.57 123.40
    Cash Cycle (Days) 1,476.84 384.14 546.50 576.19


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    C 17 Aug 2018 -
    NP 05 Mar 2018 09 Oct 2018

    Market Alert (Latest)
    No Information Found
    more

    Only Preferred Share and Warrants
    Other Securities
    Securities Name PACE-W2, PACE-W3

    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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