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Thai (SET) Hotel and Resort REITs Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies8
- 7D-0.2%
- 3M-0.7%
- 1Y2.1%
- YTD-1.7%
Over the last 7 days, the Hotel and Resort REITs industry has dropped 1.2%, driven by MFC Patong Heritage Property Fund declining 16%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to decline by 5.2% per year.
Industry Valuation and Performance
Has the Thai Hotel and Resort REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ฿25.1b | ฿3.6b | ฿2.7b | 10.5x | 9.3x | 7x |
| Thu, 19 Dec 2024 | ฿25.7b | ฿3.6b | ฿2.7b | 10.6x | 9.5x | 7.1x |
| Sat, 16 Nov 2024 | ฿24.7b | ฿3.3b | ฿2.8b | 9.6x | 8.9x | 7.4x |
| Mon, 14 Oct 2024 | ฿25.4b | ฿3.3b | ฿2.8b | 9.8x | 9.1x | 7.6x |
| Wed, 11 Sep 2024 | ฿24.8b | ฿3.3b | ฿2.8b | 9.8x | 8.9x | 7.5x |
| Fri, 09 Aug 2024 | ฿23.2b | ฿3.0b | ฿2.8b | 7.9x | 8.4x | 7.8x |
| Sun, 07 Jul 2024 | ฿22.0b | ฿3.0b | ฿2.8b | 7.6x | 8x | 7.4x |
| Tue, 04 Jun 2024 | ฿23.9b | ฿2.8b | ฿2.7b | 8.4x | 8.8x | 8.6x |
| Thu, 02 May 2024 | ฿26.4b | ฿3.0b | ฿2.6b | 9.6x | 10.3x | 8.9x |
| Sat, 30 Mar 2024 | ฿27.4b | ฿3.0b | ฿2.6b | 9.5x | 10.7x | 9.2x |
| Mon, 26 Feb 2024 | ฿28.8b | ฿2.8b | ฿2.0b | 11.2x | 14.4x | 10.3x |
| Wed, 24 Jan 2024 | ฿29.5b | ฿3.2b | ฿1.1b | 10.8x | 27.2x | 9.1x |
| Fri, 22 Dec 2023 | ฿28.4b | ฿3.2b | ฿1.1b | 10.4x | 26.2x | 8.7x |
| Sun, 19 Nov 2023 | ฿22.6b | ฿3.2b | ฿1.1b | 10.2x | 20.3x | 7x |
| Tue, 17 Oct 2023 | ฿22.7b | ฿3.1b | ฿1.3b | 9.3x | 18x | 7.2x |
| Thu, 14 Sep 2023 | ฿23.6b | ฿3.1b | ฿1.3b | 9.8x | 18.7x | 7.5x |
| Sat, 12 Aug 2023 | ฿24.6b | ฿3.0b | ฿2.4b | 10x | 10.3x | 8.2x |
| Mon, 10 Jul 2023 | ฿24.5b | ฿2.8b | ฿2.0b | 10x | 12.2x | 8.6x |
| Wed, 07 Jun 2023 | ฿24.6b | ฿2.8b | ฿2.0b | 10x | 12.2x | 8.6x |
| Fri, 05 May 2023 | ฿24.3b | ฿2.4b | ฿1.7b | 10.5x | 14.6x | 10x |
| Sun, 02 Apr 2023 | ฿24.7b | ฿2.4b | ฿1.7b | 10.6x | 14.9x | 10.2x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are pessimistic on the Thai Hotel and Resort REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.3x which is lower than its 3-year average PE of 13.4x.
- The 3-year average PS ratio of 8.3x is higher than the industry's current PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Hotel and Resort REITs industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Real Estate industry?
| TH Market | -1.08% | |
| Real Estate | -1.88% | |
| Hotel and Resort REITs | -0.18% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GROREIT Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition | ฿8.60 | 0.6% +฿15.8m | -1.1% | PB0.8x | |
| TLHPF Thailand Hospitality Property Fund | ฿2.58 | 2.4% +฿10.3m | -62.9% | PB0.3x | |
| CTARAF Centara Hotels and Resorts Leasehold Property Fund | ฿4.38 | 0.5% +฿6.4m | -0.9% | PB0.8x |