Aankondiging • Jul 02
Central Plaza Hotel Public Company Limited(SET:CENTEL) dropped from SET 50 Index Central Plaza Hotel Public Company Limited has been dropped from the SET 50 Index Reported Earnings • May 15
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ฿1.59 (up from ฿0.55 in 1Q 2025). Revenue: ฿6.93b (up 3.5% from 1Q 2025). Net income: ฿2.14b (up 187% from 1Q 2025). Profit margin: 31% (up from 11% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 139%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • May 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.67 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿34.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Hospitality industry in Thailand. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿20.20 per share. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (67% net debt to equity). Share price has been volatile over the past 3 months (6.1% average weekly change). Reported Earnings • Feb 28
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ฿1.48 (up from ฿1.30 in FY 2024). Revenue: ฿25.1b (up 5.6% from FY 2024). Net income: ฿1.99b (up 14% from FY 2024). Profit margin: 8.0% (up from 7.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 26
Dividend increased to ฿0.67 Dividend of ฿0.67 is 14% higher than last year. Ex-date: 6th May 2026 Payment date: 21st May 2026 Dividend yield will be 1.7%, which is about the same as the industry average. Payout Ratios Payout ratio: 47%. Cash payout ratio: 62%. New Risk • Nov 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 18
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ฿0.12 (down from ฿0.12 in 3Q 2024). Revenue: ฿5.77b (up 4.2% from 3Q 2024). Net income: ฿160.4m (down 1.7% from 3Q 2024). Profit margin: 2.8% (down from 2.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 18
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to ฿27.50. The fair value is estimated to be ฿22.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: ฿0.082 (down from ฿0.12 in 2Q 2024). Revenue: ฿5.75b (flat on 2Q 2024). Net income: ฿110.3m (down 34% from 2Q 2024). Profit margin: 1.9% (down from 2.9% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Share price has been volatile over the past 3 months (7.4% average weekly change). Buy Or Sell Opportunity • Jul 02
Now 20% overvalued Over the last 90 days, the stock has fallen 8.0% to ฿26.00. The fair value is estimated to be ฿21.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Buy Or Sell Opportunity • May 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to ฿19.50. The fair value is estimated to be ฿24.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Reported Earnings • May 14
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ฿0.55 (down from ฿0.56 in 1Q 2024). Revenue: ฿6.70b (up 5.9% from 1Q 2024). Net income: ฿747.8m (down 1.0% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 25
Upcoming dividend of ฿0.59 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (3.1%). Aankondiging • Apr 24
Central Plaza Hotel Public Company Limited Approves Dividend Payment for the Operating Period from 01 January 2024 to 31 December 2024, Payable on 20 May 2025 Central Plaza Hotel Public Company Limited at its AGM held on April 24, 2025, approved the dividend payment for the year ended December 31, 2024 performance at THB 0.59 per share. Record date: May 6 2025. Payment date: May 20, 2025. Declared Dividend • Mar 08
Dividend increased to ฿0.59 Dividend of ฿0.59 is 40% higher than last year. Ex-date: 2nd May 2025 Payment date: 20th May 2025 Dividend yield will be 1.8%, which is about the same as the industry average. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿32.75, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Hospitality industry in Thailand. Total loss to shareholders of 8.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿16.51 per share. Aankondiging • Jan 01
Central Plaza Hotel Public Company Limited(SET:CENTEL) dropped from SET 50 Index Central Plaza Hotel Public Company Limited dropped from the SET 50 Index. Reported Earnings • Nov 16
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: ฿0.12 (up from ฿0.055 in 3Q 2023). Revenue: ฿5.54b (up 3.5% from 3Q 2023). Net income: ฿163.1m (up 121% from 3Q 2023). Profit margin: 2.9% (up from 1.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 19
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to ฿32.00. The fair value is estimated to be ฿26.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 54% in the next 2 years. Reported Earnings • Aug 15
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ฿0.12 (up from ฿0.089 in 2Q 2023). Revenue: ฿5.76b (up 12% from 2Q 2023). Net income: ฿167.5m (up 39% from 2Q 2023). Profit margin: 2.9% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿31.50, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Hospitality industry in Thailand. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿22.93 per share. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.56 (vs ฿0.47 in 1Q 2023) First quarter 2024 results: EPS: ฿0.56 (up from ฿0.47 in 1Q 2023). Revenue: ฿6.32b (up 8.9% from 1Q 2023). Net income: ฿755.3m (up 20% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 01
Upcoming dividend of ฿0.42 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 27 May 2024. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (1.8%). Aankondiging • Apr 30
Central Plaza Hotel Public Company Limited Approves Dividend for 2023, Payable on 27 May 2024 Central Plaza Hotel Public Company Limited announced that at its AGM held on April 29, 2024, the shareholders approved the dividend payment for 2023 performance at THB 0.42 per share. The date to record the name of shareholders who are entitled to receive the dividend payment (record date) will be fixed on 9 May 2024 and the dividend would be paid to shareholders on 27 May 2024. Major Estimate Revision • Mar 05
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿1.33 to ฿1.19 per share. Revenue forecast steady at ฿24.5b. Net income forecast to grow 28% next year vs 21% growth forecast for Hospitality industry in Thailand. Consensus price target broadly unchanged at ฿49.11. Share price fell 5.6% to ฿42.00 over the past week. Reported Earnings • Feb 28
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: ฿0.93 (up from ฿0.29 in FY 2022). Revenue: ฿22.3b (up 24% from FY 2022). Net income: ฿1.25b (up 213% from FY 2022). Profit margin: 5.6% (up from 2.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 09
Central Plaza Hotel Public Company Limited Announces Independent Director, Gerd Kurt Steeb, Passes Away Central Plaza Hotel Public Company Limited announced that Mr. Gerd Kurt Steeb who is the Independent Director of the Company has passed away on February 9, 2024. Reported Earnings • Nov 11
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ฿0.055 (up from ฿0.058 loss in 3Q 2022). Revenue: ฿5.35b (up 18% from 3Q 2022). Net income: ฿73.8m (up ฿151.8m from 3Q 2022). Profit margin: 1.4% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 61%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: ฿0.089 (up from ฿0.016 in 2Q 2022). Revenue: ฿5.17b (up 23% from 2Q 2022). Net income: ฿120.6m (up 447% from 2Q 2022). Profit margin: 2.3% (up from 0.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ฿0.47 (up from ฿0.032 loss in 1Q 2022). Revenue: ฿5.80b (up 51% from 1Q 2022). Net income: ฿629.1m (up ฿672.8m from 1Q 2022). Profit margin: 11% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 63%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jan 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿17.7b to ฿18.0b. EPS estimate fell from ฿0.22 to ฿0.19 per share. Net income forecast to grow 2,240% next year vs 75% growth forecast for Hospitality industry in Thailand. Consensus price target up from ฿50.25 to ฿51.82. Share price rose 3.0% to ฿51.50 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ฿0.058 loss per share (improved from ฿0.59 loss in 3Q 2021). Revenue: ฿4.53b (up 89% from 3Q 2021). Net loss: ฿78.1m (loss narrowed 90% from 3Q 2021). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Aug 16
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: ฿0.016 (up from ฿0.45 loss in 2Q 2021). Revenue: ฿4.30b (up 61% from 2Q 2021). Net income: ฿22.1m (up ฿628.6m from 2Q 2021). Profit margin: 0.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 167%. Over the next year, revenue is forecast to grow 35%, compared to a 56% growth forecast for the Hospitality industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: ฿0.032 loss per share (up from ฿0.35 loss in 1Q 2021). Revenue: ฿3.85b (up 40% from 1Q 2021). Net loss: ฿43.7m (loss narrowed 91% from 1Q 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 41%, compared to a 64% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Aankondiging • May 14
Central Plaza Hotel Public Company Limited Announces Board Changes, Effective May 13, 2022 Central Plaza Hotel Public Company Limited at its board meeting held on May 12, 2022 approved the resignation of Mr. Suthichai Chirathivat, Vice Chairman from his directorship. The company appointed Mr. Suthichai Chirathivat as the Honorary Chairman and also appointed Mr. Supatra Chirathivat as a director to replace the vacant director. The resolutions are effective from May 13, 2022 onwards. Buying Opportunity • Mar 14
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be ฿46.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% per annum over the last 3 years. The company became loss making over the last 3 years. Aankondiging • Mar 01
Central Plaza Hotel Public Company Limited Announces Executive Changes Central Plaza Hotel Public Company Limited announced that the Board of Director meeting No 1/2022 held on 24 February 2022 has passed the resolution to appoint Mrs. Paranee Galviroj as the Company's Secretary to replace Dr. Ronnachit Mahattanapreut to be effective since 24 February 2022 onwards. Reported Earnings • Mar 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: ฿1.28 loss per share (up from ฿2.06 loss in FY 2020). Revenue: ฿11.5b (down 12% from FY 2020). Net loss: ฿1.73b (loss narrowed 38% from FY 2020). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 21%, compared to a 62% growth forecast for the restaurants industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Mar 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ฿16.3b to ฿13.4b. EPS estimate increased from ฿0.11 to ฿0.15 per share. Net income forecast to grow 87% next year vs 26% growth forecast for Hospitality industry in Thailand. Consensus price target broadly unchanged at ฿36.44. Share price fell 2.1% to ฿34.50 over the past week. Aankondiging • Feb 25
Central Plaza Hotel Public Company Limited, Annual General Meeting, Apr 28, 2022 Central Plaza Hotel Public Company Limited, Annual General Meeting, Apr 28, 2022, at 14:30 SE Asia Standard Time. Agenda: To consider minutes of the annual general meeting held on April 28, 2021; to consider audited consolidated financial statements for the year ended December 31, 2021; to consider no payment of dividend; to consider election of directors; to consider remuneration to directors for 2022; to consider appointment of auditor; and to consider other matters. Reported Earnings • Nov 12
Third quarter 2021 earnings released: ฿0.59 loss per share (vs ฿0.67 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: ฿2.40b (down 21% from 3Q 2020). Net loss: ฿803.3m (loss narrowed 11% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Executive Departure • Sep 19
Senior VP of Finance & Administration and Company Secretary Ronnachit Mahattanapreut has left the company On the 15th of September, Ronnachit Mahattanapreut's tenure as Senior VP of Finance & Administration and Company Secretary ended. As of June 2021, Ronnachit still personally held 158.00k shares (฿3.6m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.42 years. Director Overboarding • Sep 07
Director Prin Chirathivat has joined 5th company board Director Prin Chirathivat has been appointed to the board of Siam Future Development Public Company Limited (SET:SF). Chirathivat now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 07
Director Prin Chirathivat has joined 5th company board Director Prin Chirathivat has been appointed to the board of Siam Future Development Public Company Limited (SET:SF). Chirathivat now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 07
Director Prin Chirathivat has joined 5th company board Director Prin Chirathivat has been appointed to the board of Siam Future Development Public Company Limited (SET:SF). Chirathivat now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 07
Director Prin Chirathivat has joined 5th company board Director Prin Chirathivat has been appointed to the board of Siam Future Development Public Company Limited (SET:SF). Chirathivat now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Reported Earnings • Aug 13
Second quarter 2021 earnings released: ฿0.45 loss per share (vs ฿0.34 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿2.66b (up 15% from 2Q 2020). Net loss: ฿606.5m (loss widened 30% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 12
Consensus revenue estimates fall to ฿11.7b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ฿14.1b to ฿11.7b. Forecast losses increased from -฿0.92 to -฿1.40 per share. Hospitality industry in Thailand expected to see average net income growth of 69% next year. Consensus price target broadly unchanged at ฿34.05. Share price rose 5.5% to ฿29.00 over the past week. Major Estimate Revision • May 31
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from ฿14.3b to ฿14.0b. 2021 losses expected to reduce from -฿0.95 to -฿0.85 per share. Hospitality industry in Thailand expected to see average net income growth of 99% next year. Consensus price target of ฿33.71 unchanged from last update. Share price was steady at ฿33.25 over the past week. Major Estimate Revision • May 21
Consensus EPS estimates fall to -฿0.95 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ฿15.1b to ฿14.3b. Losses expected to increase from -฿0.50 to -฿0.95. Hospitality industry in Thailand expected to see average net income growth of 102% next year. Consensus price target broadly unchanged at ฿33.65. Share price rose 6.5% to ฿32.75 over the past week. Reported Earnings • May 15
First quarter 2021 earnings released: ฿0.35 loss per share (vs ฿0.033 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ฿2.75b (down 40% from 1Q 2020). Net loss: ฿475.7m (loss widened ฿430.6m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 05
Price target raised to ฿29.36 Up from ฿26.21, the current price target is an average from 14 analysts. The new target price is 14% below the current share price of ฿34.00. As of last close, the stock is up 61% over the past year. Major Estimate Revision • Mar 04
Analysts lower EPS estimates to -฿0.38 The 2021 consensus revenue estimate was lowered from ฿15.9b to ฿15.6b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -฿0.24 to -฿0.38 for the same period. The Hospitality industry in Thailand is expected to see an average net income growth of 67% next year. The consensus price target increased from ฿26.21 to ฿27.94. Share price is down by 4.5% to ฿31.75 over the past week. Reported Earnings • Feb 27
Full year 2020 earnings released: ฿2.06 loss per share (vs ฿1.29 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿13.2b (down 38% from FY 2019). Net loss: ฿2.78b (down 259% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.1%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Over the next year, revenue is forecast to grow 21%, compared to a 19% growth forecast for the Hospitality industry in Thailand. Aankondiging • Feb 25
Central Plaza Hotel Public Company Limited, Annual General Meeting, Apr 28, 2021 Central Plaza Hotel Public Company Limited, Annual General Meeting, Apr 28, 2021, at 14:30 SE Asia Standard Time. Location: Lotus suites 1-4 22nd floor, centara grand and bangkok convention centre at central world Bangkok Thailand Agenda: To consider minutes of the annual general meeting; to consider financial results for the year ended December 31, 2020; to consider payment of dividend; to consider election of directors; to consider remuneration to directors; to consider appointment of auditor; and to consider other matters. Is New 90 Day High Low • Feb 23
New 90-day high: ฿33.00 The company is up 34% from its price of ฿24.70 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿13.57 per share. Is New 90 Day High Low • Feb 04
New 90-day high: ฿26.75 The company is up 27% from its price of ฿21.00 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿13.71 per share. Price Target Changed • Jan 11
Price target raised to ฿26.01 Up from ฿24.24, the current price target is an average from 16 analysts. The new target price is 8.4% above the current share price of ฿24.00. As of last close, the stock is up 2.1% over the past year. Is New 90 Day High Low • Dec 08
New 90-day high: ฿26.25 The company is up 6.0% from its price of ฿24.70 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿24.94 per share. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 178%. Over the next year, revenue is forecast to grow 6.3%, compared to a 28% growth forecast for the Hospitality industry in Thailand. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ฿0.66 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿3.04b (down 39% from 3Q 2019). Net loss: ฿897.4m (down 468% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 06
New 90-day low: ฿20.80 The company is down 10.0% from its price of ฿23.00 on 08 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿23.27 per share. 
