11-Apr-16

Ticker: CHEWATHAI PLC Benchmark:

Language: STOCK EXCH OF THAI INDEX (SET)

Currency: Bangkok: CHEWA, Currency: THB Consolidated?

Sector: Financials Industry: Real Estate Management & Devel Year:

Telephone 66-2679-8870-3 Revenue (M) Business Segments in THB (2015) Sales (M) Geographic Segments in THB (2015) Sales (M)

Website www.chewathai.com No of Employees Real Estate Business 1402 Thailand 1416Address 1168/80 Lumpini Tower 27th Floor, Unit D Rd Rama IV Road, Tungmahamek Bangkok, 10120 ThailandRental and Service Business 14 Reconciliation -1Share Price Performance in THB Reconciliation -1

Price 1.73 1M Return #VALUE!52 Week High 2.60 6M Return #VALUE!52 Week Low 1.69 52 Wk Return #VALUE!52 Wk Beta 4.63 YTD Return #VALUE!

Credit Ratings

S&P - Date - Outlook -Moody's - Date - Outlook -Fitch - Date - Outlook -

Valuation Ratios

12/12 12/13 12/14 12/15 12/16E 12/17E 12/18E

P/E - - - - - - -EV/EBIT - - - - - - -EV/EBITDA - - - - - - -P/S - - - - - - -P/B - - - - - - -Div Yield - - - - - - -

Profitability Ratios %

12/12 12/13 12/14 12/15 12/16E 12/17E 12/18E

Gross Margin - - 39.4 27.8 - - -EBITDA Margin - - 21.0 12.9 - - -Operating Margin - - 17.9 11.2 - - -Profit Margin - - 10.1 5.9 - - -Return on Assets - - - 3.8 - - -Return on Equity - - - 16.0 - - -

Leverage and Coverage Ratios

12/12 12/13 12/14 12/15Current Ratio - - 1.9 1.7 Current Capitalization in THB

Quick Ratio - - 0.1 0.1 Common Shares Outstanding (M) 488.0EBIT/Interest - - 2.5 2.7 Market Capitalization (M) 1297.5Tot Debt/Capital - - 0.8 0.7 Cash and Equivalents (M) 73.6Tot Debt/Equity - - 3.9 2.0 Total Debt (M) 1344.9Eff Tax Rate % - - 23.0 19.0 Preferred Equity (M) 0.0

Minority Interest (M) 0.0Enterprise Value (M) 2568.9

Chewathai PLC operates as a real estate development company. The Company engages

in the development of condominiums, service apartments, detached houses,

townhouses, and home offices.

CHEWA TB

1,415

English

#N/A N/A

Company In Depth Analysis Overview

99%

1% 0%

Real Estate Business

Rental and Service Business

Reconciliation

100%

0%

Thailand Reconciliation

Last FY End

Local

Peers Indices Financials Ratings EST Brokers EST Detail VAL Graphs OwnersHelp

Fiscal Year

Consolidated

CHEWATHAI PLC

Mcap (M) Mcap (M) 1M Ret 6M Ret

(Loc) (THB) (THB) (THB) 2012 2013 2014 2015 2016

Min 332,197 -6.5% -21.2% 0.5x 0.5x 0.4x 0.4x 0.4xMax 1,214,418 10.2% 15.8% 2.7x 2.2x 2.0x 1.8x 1.7x

Mean 792,279 -0.1% -5.8% 1.6x 1.3x 1.3x 1.1x 1.0x

CHEWA TB CHEWATHAI PLC Real Estate Development THB 1,298 1,298 #VALUE! #VALUE! 0.0x 1.2x

1109 HK CHINA RESOURCES LAND LTD Real Estate Development HKD 135,569 613,159 -1.5% -7.2% 1.6x 1.3x 1.2x 1.2x 1.0xCAPL SP CAPITALAND LTD Diversified Real Estate Activi SGD 12,768 332,197 -2.1% -2.6% 0.8x 0.8x 0.8x 0.7x 0.7x4 HK WHARF HOLDINGS LTD Diversified Real Estate Activi HKD 124,121 561,379 3.5% -8.0% 0.5x 0.5x 0.4x 0.4x 0.4x2202 HK CHINA VANKE CO LTD-H Real Estate Development HKD 205,991 931,665 2.0% 6.7% 2.7x 2.2x 1.9x 1.7x 1.5x688 HK CHINA OVERSEAS LAND & INVEST Real Estate Development HKD 237,147 1,072,581 -6.5% -3.7% 2.3x 1.8x 1.5x 1.2x 1.1x16 HK SUN HUNG KAI PROPERTIES Diversified Real Estate Activi HKD 268,507 1,214,418 -0.5% -6.6% 0.7x 0.6x 0.6x 0.6x 0.6x1113 HK CHEUNG KONG PROPERTY HOLDING Real Estate Development HKD 192,984 872,838 10.2% -13.8% 2.0x 0.7x 0.7x8801 JP MITSUI FUDOSAN CO LTD Diversified Real Estate Activi JPY 2,485,006 809,218 -2.9% -21.2% 1.9x 1.8x 1.4x 1.3x 1.2x8802 JP MITSUBISHI ESTATE CO LTD Diversified Real Estate Activi JPY 2,742,558 893,088 -2.8% -17.7% 2.2x 2.1x 1.9x 1.8x 1.7xSCG AU SCENTRE GROUP Retail REITs AUD 23,533 622,248 -0.7% 15.8% 0.6x 1.5x 1.3x 1.3x

Ticker Company Name Sub-IndustryCurr

(Loc)

All Pricing data as of 11/04/2016

Press Buttons to Toggle Between Bloomberg and Custom Peers. Enter Custom

Peer Tickers for Analysis and Index Calculations.

Calendarized

Valuation Ratio:PerformancePricing

Company In Depth Analysis Overview

Price to Book

Bloomberg Peers

My Peers

Overview Indices Financials Ratings EST Brokers EST Detail VAL Graphs OwnersHelp

CHEWATHAI PLCPricing data is in THB

Start Date: 05/04/2016

End Date:

Peer Index Type:

1109 HK CHINA RESOURCES LAND LTD

CAPL SP CAPITALAND LTD

4 HK WHARF HOLDINGS LTD

2202 HK CHINA VANKE CO LTD-H

688 HK CHINA OVERSEAS LAND & INVEST

16 HK SUN HUNG KAI PROPERTIES

1113 HK CHEUNG KONG PROPERTY HOLDING

8801 JP MITSUI FUDOSAN CO LTD

8802 JP MITSUBISHI ESTATE CO LTD

SCG AU SCENTRE GROUP

Peer Index Constituents:

Press Button to Calculate Peer Index. Peer index

changes with differing start or end dates as well as

new ticker and peer entries.

Company In Depth Analysis Overview

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Apr-16

CHEWA TB Price Volume Graph

Volume CHEWATHAI PLC

75

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95

100

105

Apr-16

CHEWA TB Price versus Peers & Benchmark (Normalized)

CHEWATHAI PLC Peer Index SET

Custom Date

Yesterday

Equal Weight

Overview Peers Financials Ratings EST Brokers EST Detail VAL Graphs OwnersHelp

CHEWATHAI PLCFinancial information is in THB (M)

Periodicity: 3/13 6/13 9/13 12/13 3/14 6/14 9/14 12/14 3/15 6/15 9/15

Income Statement

Revenue

- Cost of Goods Sold

Gross Income

- Selling, General & Admin Expenses

(Research & Dev Costs)

Operating Income

- Interest Expense

- Foreign Exchange Losses (Gains)

- Net Non-Operating Losses (Gains)

Pretax Income

- Income Tax Expense

Income Before XO Items

- Extraordinary Loss Net of Tax

- Minority Interests

Diluted EPS Before XO Items

Net Income Adjusted*

EPS Adjusted

Dividends Per Share

Payout Ratio %

Total Shares Outstanding

Diluted Shares Outstanding

EBITDA

*Net income excludes extraordinary gains and losses and one-time charges.

Balance Sheet

Total Current Assets

+ Cash & Near Cash Items

+ Short Term Investments

+ Accounts & Notes Receivable

+ Inventories

+ Other Current Assets

Total Long-Term Assets

+ Long Term Investments

Gross Fixed Assets

Accumulated Depreciation

+ Net Fixed Assets

+ Other Long Term Assets

Total Current Liabilities

+ Accounts Payable

+ Short Term Borrowings

+ Other Short Term Liabilities

Total Long Term Liabilities

+ Long Term Borrowings

+ Other Long Term Borrowings

Total Liabilities

+ Long Preferred Equity

+ Minority Interest

+ Share Capital & APIC

+ Retained Earnings & Other Equity

Total Shareholders Equity

Total Liabilities & Equity

Book Value Per Share

Tangible Book Value Per Share

Company In Depth Analysis Overview

Fiscal Quarter

Overview Peers Indices Ratings EST Brokers EST Detail VAL Graphs OwnersHelp

CHEWATHAI PLCFinancial information is in THB (M)

Periodicity: 3/13 6/13 9/13 12/13 3/14 6/14 9/14 12/14 3/15 6/15 9/15

Company In Depth Analysis Overview

Fiscal Quarter

Overview Peers Indices Ratings EST Brokers EST Detail VAL Graphs OwnersHelp

Cash Flows

Net Income

+ Depreciation & Amortization

+ Other Non-Cash Adjustments

+ Changes in Non-Cash Capital

Cash From Operating Activities

+ Disposal of Fixed Assets

+ Capital Expenditures

+ Increase in Investments

+ Decrease in Investments

+ Other Investing Activities

Cash From Investing Activities

+ Dividends Paid

+ Change in Short Term Borrowings

+ Increase in Long Term Borrowings

+ Decrease in Long Term Borrowings

+ Increase in Capital Stocks

+ Decrease in Capital Stocks

+ Other Financing Activities

Cash From Financing Activities

Net Changes in Cash

Free Cash Flow (CFO-CAPEX)

Free Cash Flow To Firm

Free Cash Flow To Equity

Free Cash Flow per Share

Ratio Analysis

Valuation Ratios

Price Earnings

EV to EBIT

EV to EBITDA

Price to Sales

Price to Book

Dividend Yield

Profitability Ratios

Gross Margin 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

EBITDA Margin 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Operating Margin 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Profit Margin 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Return on Assets 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Return on Equity 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Leverage & Coverage Ratios

Current Ratio

Quick Ratio

Interest Coverage Ratio (EBIT/I)

Tot Debt/Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Tot Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Others

Asset Turnover

Accounts Receivable Turnover

Accounts Payable Turnover

Inventory Turnover

Effective Tax Rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

CHEWATHAI PLC

Ownership Statistics Geographic Ownership Distribution

Shares Outstanding (M) 488.0 Others 100.00%

Float 100.0% 0.00%

Short Interest (M) 0.00%

Short Interest as % of Float 0.00%

Days to Cover Shorts 0.00%

Ownership (Institutional) 0.00%

Ownership (Retail & Other) 0.00%

Ownership (Insider) Others 0.00%

Institutional Ownership Distribution

Others 100.00%

0.00%

0.00%

0.00%

Pricing data is in USD Others 0.00%

Top 20 Owners:

Holder Name Position Position Change Market Value

% of

Ownership Report Date Source Country

Key Executives

Name Position

Company In Depth Analysis Overview

0% 0% 0%

Ownership Type

Ownership (Institutional)

Ownership (Retail & Other)

Ownership (Insider)

100%

0%

0% 0% 0%

0% 0% 0%

Geographic Ownership

Others Others

100%

0%

0% 0% 0%

Institutional Ownership

Others Others

TOP 20 ALL

Overview Peers Indices Financials Ratings EST Brokers EST Detail VAL GraphsHelp

NEWSDate/Time Symbol Headline

04 เม.ย. 2559 12:47 CHEWA ค ำอธบิำยและวเิครำะหข์องฝ่ำยจัดกำร ประจ ำปี ส ิน้สดุวันที ่31 ธ.ค. 2558

04 เม.ย. 2559 12:46 CHEWA งบกำรเงนิรำยปี 2558

04 เม.ย. 2559 12:46 CHEWA สรปุผลกำรด ำเนนิงำนของบจ.และรวมของบรษัิทยอ่ย ประจ ำปี (F45-3)

04 เม.ย. 2559 12:44 CHEWA นโยบำยกำรสง่งบกำรเงนิ

04 เม.ย. 2559 07:56 CHEWA ตลำดหลักทรัพย ์เอ็ม เอ ไอ เพิม่สนิคำ้ : CHEWA เริม่ซือ้ขำยวันที ่5 เมษำยน 2559

Source: SET