Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Excellent dividends
About
Quality Houses Public Company Limited, along with its affiliates, operates as a prominent property developer in Thailand. Its diversified operations span four key divisions: Real Estate, Hospitality, Rental Services, and other ventures. The company's core real estate activities involve the development and sale of residential properties, including land plots, houses, and condominium units. In its rental division, Quality Houses leases out residential, hotel, and office buildings, while also providing management for residential properties, public utilities, and land owned by third parties. Additionally, the firm is active in hotel operations, land leasing, and the comprehensive management of various rental assets, such as hotels, serviced apartments, and both office and residential rental developments. Beyond these, it engages in the manufacturing and distribution of precast concrete and ready-made concrete sheets. Founded in 1983, the company is headquartered in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITDA,