Rescheduled to 1Q24 Casa Ville Thepharuk Thanasith
TH
Mid-End
2,628 MB
Total Value
8,263 MB
Hi-End :Mid-End
44% : 56%
5
Active Projects & Backlog 3Q23
As of 3Q23
Remaining Projects
Remaining Value (MB)
67 projects
38,271 MB
Type
Status
12
33
10,589
19,225
DH
Prebuilt
TH
Prebuilt
Condo
Presales
22
8,457
Remaining Project Location
10%17%
90%83%
Low Rise
Condo
Bangkok & Greater Bangkok
Provinces
Backlog
2021
773
19
792
2022
604
62
666
3Q23
1172
81
1,253
Low rise
Condo
6
3Q23
Financial Highlight
7
Financial Highlight
Unit: MB
3Q23
2Q23
3Q22
QoQ
YoY
Revenue
Property for sales
1,993
2,120
2,143
-6%
-7%
Low-rise
1,769
1,729
1,932
2%
-8%
Condo
224
391
211
-43%
6%
Property for rent
356
304
274
17%
30%
Office
35
34
74
0%
-53%
Hotel
321
269
201
19%
60%
Other income
72
78
58
-7%
23%
Total revenue
2,421
2,502
2,475
-3%
-2%
SG&A
499
501
476
0%
5%
Equity income from associates
422
438
407
-4%
4%
Net profit
634
669
640
-5%
-1%
9M23
9M22
YoY
5,704
6,027
-5%
4,954
5,472
-9%
750
555
35%
972
675
44%
102 224 -54%
870
451
93%
212
174
21%
6,888
6,877
0%
1,482
1,457
2%
1,313
1,169
12%
1,896
1,740
9%
8
Equity Income from Associates
Equity Income 3Q23, 422 MB +4% YoY
3%
7%
HMPRO
305 MB
0% YoY
18%
LHFG
74
MB
+11% YoY
QHPF
29
MB
+10% YoY
74%
QHHR
14
MB
+66% YoY
Market Value (MB) per QH Stake
As of 30 Sep 2023
32,663
37,480
2,968
1,196
653
HMPRO
LHFG
QHPF
QHHR
Total
QH Stake
20%
14%
26%
31%
9
Financial Ratio
Financial Ratio
Gross profit margin
3Q23
2Q23
3Q22
Property for sales
31.0%
31.9%
32.1%
Low-rise
33.7%
35.1%
32.9%
Condo
9.1%
17.7%
25.7%
Property for rent
41.9%
41.7%
38.1%
Office
55.3%
54.9%
59.7%
Hotel
40.5%
40.1%
30.2%
Total
32.6%
33.1%
32.8%
SG&A to total revenue (%)
20.6%
20.0%
19.0%
Net profit margin (%)
26.2%
26.7%
26.1%
(excluding extra gain and provision)
9M23 9M22
32.0% 33.3%
34.4% 34.0%
16.7% 26.9%
41.9% 38.0%
55.0% 62.1%
40.4% 26.0%
33.5% 33.8%
20.3% 20.1%
27.9% 26.4%
10
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Disclaimer
Quality Houses pcl published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 11:35:05 UTC.
Quality Houses Public Company Limited is a Thailand-based company, which is principally engaged in property development. The Company operates through four segments: real estate business, hotel business, rental business, and other. The real estate business segment consists of sales of land and houses and condominium units. The hotel business segment relates to the service of residential buildings. The rental business segment relates to the rental of office buildings. The others segment consists of providing management services for buildings and investing in businesses. Its projects are carried out under the brand names Q District, Prukpirom, and Laddarom. The Companyâs subsidiaries include Casa Ville Co., Ltd., Q.H. International Co., Ltd., Property Host Co., Ltd., The Confidence Co., Ltd., Q.H. Management Co., Ltd., Casa Ville (Rayong 2553) Co., Ltd., Casa Ville (Petchburi 2553) Co., Ltd., and Centre Point Hospitality Co., Ltd.