Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Major Development Public Company Limited, together with its associated companies, primarily focuses on the acquisition, construction, and sale of various properties throughout Thailand. The enterprise conducts its business across three key segments: real estate development, hotel operations, and rental and service provision. Additionally, its activities encompass hotel management, leasing office premises and offering related services, real estate brokerage and advisory functions, condominium homeowners' association administration, and the specialized construction of high-end residential units. The company commenced operations in 1999 and maintains its principal executive offices in Bangkok, Thailand.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. Specifically, the stock is underpriced on P/FCF.