Gulf Development Public Company Limited

SGX:TGUD Stock Report

Market Cap: S$32.4b

Gulf Development Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TGUD?
Owner TypeNumber of SharesOwnership Percentage
Public Companies343,013,8282.3%
Private Companies1,155,441,2357.73%
Institutions1,809,563,07312.1%
General Public5,094,009,72834.1%
Individual Insiders6,537,809,81943.8%

Dilution of Shares: TGUD only recently listed within the past 12 months, with total shares outstanding growing by 27.3% in the past year.

Top Shareholders

Top 25 shareholders own 65.33% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
43.7%
Sarath Ratanavadi
6,526,455,541S$14.2b-27.1%no data
7.73%
SingTel Asian Investments Pte. Ltd.
1,155,441,235S$2.5b0%no data
3.75%
Krung Thai Asset Management PCL
560,070,858S$1.2b58.3%6.38%
2.22%
Capital Research and Management Company
331,191,464S$719.1m-0.01%0.02%
1.52%
Stecon Group Public Company Limited
226,542,800S$491.9m0%no data
1.29%
The Vanguard Group, Inc.
192,780,424S$418.6m0.75%no data
1.02%
BBL Asset Management Co., Ltd.
152,688,243S$331.5m0%10.0%
0.93%
BlackRock, Inc.
139,206,370S$302.3m7.53%no data
0.78%
Rojana Industrial Park Public Company Limited
116,471,028S$252.9m0.87%no data
0.75%
Norges Bank Investment Management
112,600,553S$244.5m2.93%0.01%
0.52%
SCB Asset Management Co., Ltd.
78,153,622S$169.7m0%2.96%
0.17%
Krungsri Asset Management Company Ltd.
25,705,193S$55.8m0%4.32%
0.16%
Geode Capital Management, LLC
23,551,416S$51.1m1.22%no data
0.14%
AIA Investment Management (Thailand) Limited
20,244,117S$44.0m0%3.05%
0.085%
State Street Global Advisors, Inc.
12,643,616S$27.5m3.81%no data
0.083%
Kasikorn Asset Management Co., Ltd.
12,408,517S$26.9m0%0.7%
0.08%
Aberdeen Group Plc
12,020,753S$26.1m0%0.01%
0.079%
Sjunde AP-fonden
11,813,646S$25.6m0%0.01%
0.061%
Dimensional Fund Advisors LP
9,170,991S$19.9m2.11%no data
0.061%
Deutsche Asset & Wealth Management
9,133,978S$19.8m0%no data
0.056%
TISCO Asset Management Co., Ltd.
8,375,202S$18.2m0%2.84%
0.049%
UBS Asset Management AG
7,261,385S$15.8m0%no data
0.043%
One Asset Management Ltd.
6,436,050S$14.0m0.66%4.16%
0.036%
Mitsubishi UFJ Asset Management Co., Ltd.
5,313,467S$11.5m0%no data
0.035%
JP Morgan Asset Management
5,236,102S$11.4m-4.58%no data

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/24 19:53
End of Day Share Price 2026/03/24 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gulf Development Public Company Limited is covered by 26 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Narumon EkasamutBofA Global Research
Kijapat WongmettaBualuang Securities PCL
Suppata SrisukBualuang Securities PCL