Asia300

Central Pattana Public Co. Ltd.

Thailand

  • 1m
  • 3m
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  • 1y
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Aug 22, 2017
Prev close: 66.25
Aug 22, 2017
Market cap:
Market cap(USD):
297,330M
8,942.24M
Shares: 4,488M

Currency in THB

Company profile

Market(Ticker): BKK(CPN)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: --

Business summary

Central Pattana Public Co. Ltd. engages in the business of real properties. It focuses on development and management of projects such as constructing office buildings and shopping centers for rent; providing utility services in shopping centers,; sales of food and beverages; and providing real estate management consulting and corporate services. It operates through the following segments: Development of Shopping Center Buildings, Office Building, and Condominiums for rent including provision of utility services, operator of play land and water theme park in the shopping centre buildings; Sales of Food and Beverage in the shopping centers; Hotel Business; Real Estate Business for sale of land and houses and condominiums units. The company was founded on June 17, 1980 and is headquartered in Bangkok, Thailand.

Company background

Central Pattana is the property development and management arm of Central Group, a Thai retail conglomeragte. It controls 20% of metropolitan Bangkok's shopping mall rental space. The company manages some 25 shopping centers nationwide under the CentralWorld, CentralPlaza and CentralFestival brands, as well as offices, hotels and residential properties.

Central Group was founded by Chinese immigrant Tiang Chirathivat. He entered the retail business in 1927, opening a general merchandise store in Bangkok and Thailand's first department store in 1956. Central Pattana was established in 1980, after Tiang was succeeded by his eldest son, Samrit, to prepare for the group's entry into shopping malls. Its first development was CentralPlaza Ladprao, which opened in 1982 in northern Bangkok. In 2006, it opened CentralWorld in central Bangkok, which became the largest shopping complex in Southeast Asia.

At present, the Central Group and the Chirathivat family hold a combined 55% stake in Central Pattana. Suthichai Chirathivat, the sixth son of Tiang, is chairman of the board.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 27,660.69M
Gross profit 13,115.6M
Operating income 8,580.63M
Income before tax 10,180.44M
Net income 9,243.79M
EBITDA 13,254.01M
Diluted EPS 2.06
Dividends per share 0.83
Total assets 104,976.79M
Total liabilities 51,971.99M
Total equity 52,037.04M
Operating cash flow 14,609.08M

Currency in THB

Revenue 784.02M
Gross profit 371.75M
Operating income 243.21M
Income before tax 288.55M
Net income 262.00M
EBITDA 375.67M
Diluted EPS 0.05
Dividends per share 0.02
Total assets 2,931.45M
Total liabilities 1,451.30M
Total equity 1,453.12M
Operating cash flow 414.08M

Currency in USD

Valuation measures

Dec 2016

PER 27.54
ROA 8.88%
ROE 18.86%
Operating margin 31.02%
Profit margin 33.41%

Key executive

  • President, Chief Executive Officer & Director: Preecha Ekkunagul
  • SEVP-Finance, Accounting & Risk Management: Naparat Sriwanvit
  • Senior Executive Vice President: Suthipak Chirathivat
  • Vice President-Property Management: Isareit Chirathivat
  • Executive Vice President-Business Development: Chanavat Uahwatanasakul

Share holders

  • Central Holding Co. Ltd.(26.2%)
  • Genesis Investment Management LLP(1.9%)
  • The Vanguard Group, Inc.(1.8%)
  • APG Asset Management NV(1.0%)
  • NORAPALLOP RATANA(0.6%)
  • BOONSRI NUTTEERA(0.5%)
  • CHIRATHIVAT NARONGRIT(0.5%)
  • CHIRATHIVAT SUTHIPAK(0.5%)
  • CHIRATHIWAT THIRAKIANTI(0.5%)
  • CHIRATHIWAT THIRAYUTHOT(0.5%)

Address

  • Website: http://www.cpn.co.th
  • Address: 31F, The Offices at Centralworld, 999/9 Rama 1 Road, Bangkok, 10330, Thailand
  • Phone: +66.2.667.5555

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