Company Summary
PACE PACE DEVELOPMENT CORPORATION PUBLIC COMPANY LIMITED
Property & Construction/Property Development
SET
CG Report:   -
 
  Data as of 29 May 2020  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
0.06 0.25 / 0.02 N/A 3.30 14,373.42 862.40 20,641.51 -1,103.24 -18.22
News
Date/Time Subject
29 May 2020 17:29   Stock excluded from the SET Index calculation
29 May 2020 06:38   SET allows trading on HYDRO and PACE's securities during June 4 - July 3, 2020 by purchasing with Cash Balance account
18 May 2020 18:17   Resolution of the Board of Directors' resolution No. 4/2020 re: submission a petition for Business Rehabilitation of Pace Development Corporation Public Company Limited and its subsidiary, Pace Country Club Company Limited (2nd Additional)
18 May 2020 09:22   SP signs posted on listed companies for failure to submit financial statements ending March 31, 2020
07 May 2020 17:02   Listed company not met SET financial disclosure as May 6, 2020
more

Company Profile
Address No. 53 Sivatel Tower, 16th Floor, Room No. 1606, Wireless Road, Lumpini Subdistrict, Pathumwan District Bangkok 10330
Telephone 0-2118-9599
Fax 0-2118-9598
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 15.72% (As of 29/05/2020) Foreign Limit 49.00%
    NVDR Shareholders  1.77% (As of 29/05/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days - -4.01 -2.90
    20 Days - -0.33 -4.48
    60 Days - 6.60 -0.17
    120 Days -14.29 11.12 1.53
    YTD -14.29 9.17 0.84
    P/E (X) N/A 12.83 18.94
    P/BV (X) 3.30 1.13 1.48
    Turnover Ratio (%) N/A 0.54 1.00

    Top 10 Major Shareholders(@16 Mar 2020) Share %
    1. นาย สรพจน์ เตชะไกรศรี 3,877,494,423 26.98
    2. นาย VIWAT KRAIPISITKUL 850,974,012 5.92
    3. LGT BANK (SINGAPORE) LTD 643,511,000 4.48
    4. MR. JIRAWUD KUVANANT 623,408,300 4.34
    5. นาย VARIT BULAKUL 607,513,715 4.23
    6. นาง จารุณี ชินวงศ์วรกุล 547,834,585 3.81
    7. นาย ก่อศักดิ์ ไชยรัศมีศักดิ์ 546,850,000 3.80
    8. UOB KAY HIAN PRIVATE LIMITED 500,000,000 3.48
    9. MRS. YUPA TECHAKRAISRI 400,373,627 2.79
    10. บริษัท บรุ๊คเคอร์ กรุ๊ป จำกัด (มหาชน) 391,000,000 2.72

    Management Position
    1. Mr. KRAITHIP KRAIRIKSH CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR
    2. Mr. SORAPOJ TECHAKRAISRI CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. CHUMPOL TECHAKRAISRI DIRECTOR
    4. Mr. PORNSON PATANASIN DIRECTOR
    5. MRS. LADDA SIRIWATTANAKOSOL INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    6. Mr. PRASERT PATRADHILOK INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    7. Mr. WISIT KANJANOPAS INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    8. Mr. SARUNTHORN CHUTIMA INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    29 May 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 14,373.42  14,373.42  12,038.69 
    Market Cap (MB.) 862.40  1,006.14  4,333.93 
    Price (B./share) 0.06  0.07  0.36 
    BVPS (B./Share) 0.02  0.02  0.12 
    P/BV (X) 3.30  3.85  3.03 
    P/E (X) N/A  N/A  N/A 
    Turnover Ratio (%) 6.03  22.82  108.53 
    Value Trade/Day (MB.) 0.49  1.96  27.21 
    Beta 0.04  1.58  0.70 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) -14.29  -80.56  -38.98 
    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/EY OFFICE LIMITED
    MRS. CHONLAROS SUNTIASVARAPORN/EY OFFICE LIMITED
    Mr. CHATCHAI KASEMSRITHANAWAT/EY OFFICE LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unable to reach any conclusion
    Financial Data
    Statement of Financial Position (MB.) 9M/2019 
    (01/01/19 
    -30/09/19) 
    9M/2018 
    (01/01/18 
    -30/09/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 319.82 1,205.54 1,278.06 1,202.39 692.45
    A/R Net 458.30 1,471.38 886.72 80.10 93.34
    Inventories 8,823.59 9,307.00 9,724.13 12,563.47 10,849.95
    Current Assets 11,619.86 12,337.38 12,718.81 14,342.08 12,413.88
    PP&E Net 3,194.34 3,520.58 3,616.26 3,514.55 3,092.98
    Total Assets 20,360.56 21,693.11 21,611.88 32,422.63 31,831.16
    OD 2,770.57 3,061.84 3,058.56 4,340.70 1,141.02
    A/P Net 2,595.19 2,565.23 2,648.35 2,490.23 1,660.24
    Current portion of LT 9,578.01 6,706.72 9,740.16 9,390.80 10,635.02
    Current Liabilities 19,478.33 13,794.96 18,876.52 19,959.26 21,895.13
    Non-Current Liabilities 620.59 6,466.12 1,470.29 10,201.44 8,246.82
    Total Liabilities 20,098.92 20,261.09 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 14,373.42 12,038.69 12,038.69 3,758.03 3,758.03
    Premium (Discount) on Share Capital -2,010.35 -256.74 -255.32 3,846.81 3,846.81
    Other Surplus (Deficit) -1,004.92 -742.40 -1,004.92 -1,000.85 -1,388.48
    Retained Earnings (Deficit) -11,476.62 -9,545.49 -9,955.45 -4,572.13 -5,163.93
    Treasury Stock - - - - -
    Shareholders' Equity 261.64 1,432.03 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.) 9M/2019 
    (01/01/19 
    -30/09/19) 
    9M/2018 
    (01/01/18 
    -30/09/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 1,138.58 7,442.12 8,549.09 9,114.27 5,383.57
    Other Income 361.07 220.39 264.36 156.61 83.17
    Total Revenues 1,499.66 7,662.51 8,813.45 9,270.89 5,466.74
    COGs 568.01 5,312.30 5,951.55 6,138.22 2,782.93
    SG&A 2,186.77 2,949.28 3,674.40 5,812.45 4,391.36
    Total Expenses 2,758.79 11,840.41 13,205.49 14,318.07 7,235.96
    EBITDA -1,103.24 -3,990.90 -4,020.81 -4,764.40 -1,425.25
    Depre. & Amor. 155.90 187.00 371.23 282.79 343.97
    EBIT -1,259.14 -4,177.90 -4,392.04 -5,047.19 -1,769.22
    Net Profit -1,645.25 -4,973.35 -5,155.52 171.12 -2,326.40
    EPS (B.) -0.13 -0.46 -0.47 0.05 -0.67
    more
    Statement of Cash Flow (MB.) 9M/2019 
    (01/01/19 
    -30/09/19) 
    9M/2018 
    (01/01/18 
    -30/09/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow -969.15 716.85 218.12 -542.52 -2,305.97
    Investing Cash Flow -354.14 2,287.94 2,442.04 3,503.56 -2,312.84
    Financing Cash Flow 315.48 -2,991.33 -2,579.15 -2,451.10 4,660.17
    Net Cash Flow -1,067.26 13.47 81.02 509.94 41.35
    more
    Annualized: ROE, ROA
    Ratios 9M/2019  9M/2018  2018  2017 
    Current Ratio (X) 0.60 0.89 0.67 0.72
    ROE (%) -215.79 -242.52 -293.59 8.69
    ROA (%) -7.01 -22.53 -16.26 -15.71
    D/E (X) 76.82 14.15 16.08 13.42
    Total Asset Turnover (X) 0.13 0.35 0.33 0.29
    Gross Profit Margin (%) 50.11 28.62 30.38 32.65
    EBIT Margin (%) -83.96 -54.52 -49.83 -54.44
    Net Profit Margin (%) -109.71 -64.90 -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

    Growth Rate (%) 9M/2019  9M/2018  2018  2017 
    Sales Growth -84.70 5.77 -6.20 69.30
    COGs Growth -89.31 10.68 -3.04 120.57
    Total Revenue Growth -80.43 6.32 -4.93 69.59
    Total Expense Growth -76.70 17.15 -7.77 97.87
    Net Profit Growth N/A N/A N/A N/A

    Annualized
    Cash Cycle 9M/2019  9M/2018  2018  2017 
    A/R Turnover (Times) 2.33 12.02 17.68 105.10
    Avg. Collection Period (Days) 156.83 30.36 20.64 3.47
    Inventory Turnover (Times) 0.13 0.73 0.53 0.52
    Avg. Inventory Period (Days) 2,740.78 498.54 683.43 696.12
    A/P Turnover (Times) 0.47 3.00 2.32 2.96
    Avg. Payment Period (Days) 780.09 121.56 157.57 123.40
    Cash Cycle (Days) 2,117.51 407.34 546.50 576.19


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    SP 03 Mar 2020 -
    NP 18 Nov 2019 -
    C 17 Aug 2018 -

    Market Alert (Latest)
    Investor Alert 21 Oct 2019
    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.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)
    The Information is provided for informative and educational purposes only.