DOCSLIB.ORG

Central Pattana Plc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Central Pattana Plc CentralCentral PattanaPattana PlcPlc.. Property Development & Investment Non Deal Roadshow – U.S.A (May 16-18, 2007) Organized by DBS Vickers Important Notice The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Central Pattana Public Company Limited (“CPN” and shares in CPN, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of CPN to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. This presentation has been prepared by the CPN. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the CPN or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon directly or indirectly for any investment decision-making or for any other purposes. This presentation and all other information, materials or documents provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed or made available to any other person, save in strict compliance with all applicable laws. 2 Content Economic Overview & Market Update Company Overview & Business Strategy Operations Developments Financial Highlights 3 Economic Overview & Market Update Economic Overview Economic Overview in 1Q 2007 Overall Thai economy in 1Q 2007 continued to reflect The recovery process was jolted by several elements stagnancy resulted from weakened in domestic demand. arising in 1Q 2007 BOT downgraded GDP growth 2007 to 3.8-4.8% from the Although the capital control has been eased for foreign fund previous forecasted of 4-5%. flows, foreign investors have not applied those measures in Private Consumption Index showed a negative growth of practice due to it creates higher cost. 0.5%yoy The politics persisted an uncertainty as incidences of bomb Private Investment Index displayed a negative growth of 2.5% yoy. in Bangkok. Consumer Confidence Index fell reflecting fragile domestic Ministry of Commerce amended the Foreign Business Act growth. to crack down on nominee structure, creating risk to recovery of private investment in 2007 and also sent a Situation in 1Q 2007 helped cushion sluggish economy misunderstanding unfriendly message to foreign investors. by: Interest rate has been cut in total of 100bps since the beginning of 2007 which could stimulate property sector. Inflation was subdued to a decelerate pace at 2.0% in Mar 2007 which put less pressure on people purchasing power. Export and tourism remained strong and expand satisfactorily at 19%yoy and 4%yoy, respectively. Source : Bank of Thailand and NESDB 5 Retail Overview Retail in 1Q 2007 Expectation for 2007 Retail sales during 1Q 2007 continued to experience Although there are still many negative economic & lackluster period mainly due to decline in domestic external factors weighing down the economic recovery, demand partly evidence as lower consumer CPN believes that the recovery in the economy, retail confidence and business sentiment index. sector and consumer confidence will enhance in the Retail sales growth in Feb 2007 decelerated by 1.8%yoy, 2H07. This assumption is made on the basis that: lower than a 4%yoy growth in 2006. Political situation remains steady. Sales of retail operators retreated a single-digit to zero Oil price remains at current levels. growth after staying double digits since the financial crisis. Interest rate continues downward trend. The draft of new Retail Business Law was Consumer Confidence and Business Sentiment improves. approved by the Cabinet on May 8th,07 after being rejected in Mar 07. The draft will be further sent to the Tourism is anticipated to continually flourished. Council of State for revision before submitting to the Amendment to Constitution is expected to complete in 4Q07. National Legislative Assembly for approval. The first- Election is scheduled to take place in December 2007. ever Retail Business Law is purpose to eliminate unfair trade between large-scaled and small retailers. However, the giant retailers urged the government to consider the impact of new law on consumers. Therefore it is likely that retail growth will continue to depress through 2007 amidst the uncertainties. Source : Bank of Thailand and NESDB 6 Bangkok Retail Market Overview Comments Retail Supply Total retail supply in Bangkok increased by 220,000 Sqm (‘000) Vacancy % 2,500 10.8% sqm or 5.1% yoy in 2006 and most of new area came 6.8% from shopping malls, of which leasable area increased by 2,281 2,250 5.5% 2,059 10.8% yoy. Major supply operational in 2006 includes 5.4% CentralWorld (60,000 sqm) 2,000 1,928 1,927 The Esplanade (44,000 sqm) 5.1% 5.0% The Avenue – Chaengwattana (21,173 sqm) 1,750 4.7% The average vacancy in 2006 was 3.5%, a significant 1,500 decrease from 5.4% in 2005 mainly due to nearly fully 1,265 1,275 1,289 1,278 4.5% occupied space at newly opened mall, CentralWorld. 1,250 1,007 1,007 New retail supply in 2007 will be approximately 200,000 1,000 815 4.0% sqm, mostly from shopping mall; JJ Mall (65,000 sqm), 779 ZenWorld@CentralWorld (30,000 sqm), Jaturas Jamjuri 750 (20,000 sqm), SF Kaset Nawamin (21,000 sqm). 500 3.5% Rental rates have generally been stable since 2H05 due 3.5% 250 to the steady supply of new retail leaseable area. It is also expected to remain stead in the short-term and may 0 3.0% again rise depending on how quickly the country’s 2003 2004 2005 2006 Superstores Dept. Stores Malls Vacancy economic condition improves. New Supply (sqm) 45,000 338,000 220,000 Total Supply (sqm) 3,972,000 4,017,000 4,355,000 4,575,000 Source : CBRE and Company’s estimate 7 Bangkok Office Market Overview Comments Office Supply Sqm (‘000) Vacancy % Total office supply in 2006 increased by 3.5%yoy or 5,346 5,500 5,243 28.0% 253,000 sqm to 7.46 mil sqm due to the opening of 5,000 4,740 4,714 24.0% 4,500 25.0% 9 office buildings: 4,000 20.0% 20.9% 16.0% 3 offices in CBD (Q House Lumpini, Column Tower and 3,500 3,000 16.0% Exchange Tower). 2,376 2,471 16.4% 2,500 1,967 2,117 12.0% 6 offices in Non CBD (Fenix Tower, Supalai Grand Tower, 2,000 13.5% 10.2% 8.0% I Tower, Central Pinklao Tower B, Rasa Tower II, and 1,500 1,000 7.2% 4.0% King Power New Head Office). 500 4.8% 0 0.0% The average vacancy for Grade A in 2006 considerably 2003 2004 2005 2006 Grade A Grade B & C Vacancy - A Vacancy - B&C increased from 4.8% in 2005 to 7.2% in 2006 due to the new supply. Meanwhile Grade B slightly decreased from New Supply (sqm) 70,000 25,000 253,000 16.4% in 2005 to 16.0% in 2006. Total Supply (sqm) 7,115,000 7,185,000 7,210,000 7,463,000 New supplies of approximately 200,000sqm are Office Rental Rate expected to come in 2007 (Grade A:20%, Grade B:80%). + 9.7% The only new grade A building in CBD to be completed Bt/sqm 700 653 + 12.9% will be Athenee Tower on Wireless Rd., anticipated to 595 600 open in 2H07. 506 483 500 431 428 Rental rate growth for 2006 increased by 10-13%, lower 400 365 311 than that of 2005 due to the new supply, stagnant 300 economy, and weakened private investment. However 200 due to the continued demand in office space for company 100 establishment and expansion, we expect rental to 0 2003 2004 2005 2006 increase at a moderate pace. Grade A Grade B Source : CBRE and Company’s estimate 8 Company Overview & Business Strategy Business Overview Highlights Recent Achievements CPN is the leading retail developer and investor in CPN was rated among “Asia’s Best under a Billion” by Thailand with a 28% market share in Bangkok’s mall FORBES Magazine. leaseable area. CPN was included in SET50 on the Stock Exchange of CPN owns/manages 10 shopping centers, 5 office Thailand (SET). towers and 2 apartments in Thailand. CPN was ranked in the Top Quartile category for Good CPN continuously achieves strong growth through green Corporate Governance of Thai listed companies. field developments, acquisition & redevelopments and asset enhancement projects. CPN is included in MSCI Index in May 2006. CPN is a fully integrated retail developer with unparallel (1) synergies with its major shareholders, Central Group Shareholder’s Value Creation and Thailand Equity Fund, and unmatched financing Bt mn capability through its property fund.
Load more

Recommended publications
  • Siam Future Development Public Co., Ltd
    SIIAM FUTURE DEVELOPMENT PUBLIIC CO..,, LTD.. Esplanade Ratchadapisek 99 Ratchadapisek Road, Din Dang, Bangkok, Thailand 10400. Tel : (02) 660-9000 Fax : (02) 660-9020, (02) 660-9020, (02) 660-9030 Website : www.siamfuture.com SIAM FUTURE DEVELOPMENT PLC Contents Page 1 Message from the Board of Directors 3 Audit Committee Report 4 General Information 7 Major Accomplishments of the Company 8 Financial Highlights 10 Explanation and Analysis on the Financial Status 13 Nature of Business 18 Market and Competition 23 Risk Factors 26 Organization Chart 27 Shareholding Structure and Management 38 Report on Compliance with Principles of Good Corporate Governance 41 Report of Independent Auditor and Financial Statements Annual Report 2007 SIAM FUTURE DEVELOPMENT PLC Message from the Board of Directors In February, 2007, the Company officially launched the Esplanade Ratchadapisek which has received good feed back from customers and is the meeting place for the young generation. This is as a result of innovation and differentiation of Arte-tainment Center, which is a blend of Entermainment and Art. The Company has earned the trust of our strong partner such as Ratchadalai Theatre, Major Cineplex theatre, Bowling, Karaoke, and Ice skating rink of Major Cineplex Group, California Wow fitness center as well as other tenants. However, the Company plan to continuously develop and improve Esplanade together with our existing 26 shopping centers to be perfect and maintain their good image in order to serve customers and remain lucrative. In the year 2007, the Company launched 2 new shopping centers i.e. The Avenue Pattaya and Kao Yai Market Village in order to provide service to customers in the tourist-attractive provinces of Thailand; not far from Bangkok.
    [Show full text]
  • MHRB Factsheet 2021 Eng
    STAY SAVVY IN SMART COMFORT MAITRIA HOTEL RAMA 9 BANGKOK - A CHATRIUM COLLECTION Rooms Sq.m. is designed to support and energize the savvy traveller. We’re the smart neighborhood brand with the in-sync lifestyle attitude. Set Superior 35 steps from Bangkok’s business district hotspot, renowned hospitals, Superior Family Triple 35 international schools and shopping with local vibes, we are all about Deluxe 35 modern living comfort. Let us be your travel companion and base Deluxe Family Triple 35 hub for your next Bangkok adventure. Grand Deluxe 35 Premier 35 The Rama 9 district is the new Central Business District and the Premier Family Triple 35 metropolis of Bangkok’s future. Maitria Hotel Rama 9 Bangkok offers Grand One Bedroom Residence 48 230 rooms with a range of room types from Studio king or twin, Grand Two Bedroom Residence 100 Triple bed, connecting room as well as one & two bedroom units. FACILITIES • 24-hour use of room, no matter what time you check in, where you can enjoy your stay from the time you check in, until the time you check out the next day • Once-only complimentary free minibar • Choice of king, twin or triple beds • Bathroom with shower • Living area • Complimentary WiFi and wired internet connection • Flexible workspace • Iron and ironing board on request • Interactive IPTV with a large range of International Satellite Channels • IDD telephone system • Individually controlled air-conditioning • Proximity-activated key cards • Electronic in-room safe • Dry cleaning and laundry service • Coffee and tea making facilities • Universal electrical outlets • Complimentary bottled water • Wheelchair access • Eco-friendly amenities • Chatrium Connect / Digital Butler FITNESS CENTRE COFFEE & CRUMBLE EATERY The Fitness Centre allows our guests to keep up with their In a unique and funky setting, the inspiration for COFFEE & fitness routine while staying with us.
    [Show full text]
  • Using Transformational Leadership to Predict Employees' Turnover Intention
    Using Transformational Leadership to Predict Employees’ Turnover Intention: The Mediating Effects of Trust and Employees’ Job Performance in Bangkok, Thailand Saiful Islam Khan1 Abstract Article infomation Transformational leadership has been found to have negative relationship Received 17 November 2014 to employee turnover intention but there does not seems to have any study that Accepted 9 March 2015 examines the mediating effects of trust and job performance on the relationship Online published 27 April 2015 of transformational leadership to turnover intention. This study attempted to fill this knowledge gap by investigates the meditational effect with multiple mediators. The study was conducted among 187 employees’ of the international fast food Keyword chains in Bangkok, Thailand. A non-probability convenience sampling technique was used to collect the data. Transformational leadership was operationalized as Transformational Leadership the extent a leader who transforms followers to perform beyond their expectation Trust by triggering their intellectual works, raising confidence and creativity. Trust was Job performance operationalized as the extent to a psychological state comprised the expectations, Turnover intention assumptions or beliefs about the likelihood that another’s future actions will be beneficial, favorable or at least not detrimental. Job performance was operationalized as the extent to an aggregated set of behaviors that an employee contributes directly and indirectly to the organization. Turnover intention was operationalized as a cognitive process of thinking, planning and desiring to leave a job. Regression analysis with bootstrap method was used to analyze the data. The results supported the meditational model whereby transformational leadership was both directly and indirectly predicted turnover intention, and the mediating effects of trust and job performance were significantly negative on the relationship of transformational leadership to turnover intention.
    [Show full text]
  • MRRB Factsheet 2020 Eng
    SMART COMFORT LIVING MAITRIA RESIDENCE RAMA 9 BANGKOK Rooms Sq.m. - A CHATRIUM COLLECTION is designed to energize the savvy traveller. We are the smart Studio Residence (1st -11th Floor) 30 neighborhood brand with the in-sync lifestyle attitude. Situated Grand Studio Residence (12th -14th Floor) 30 steps away from Bangkok’s business district hotspot, renowned One-Bedroom Residence (1st - 11th Floor) 48 hospitals, international schools and shopping with a local vibe. Grand One-Bedroom Residence (12th - 14th floor) 48 Two-Bedroom Residence (1st - 11th Floor) 100 Let us be your travel companion and base for your next Bangkok Grand Two-Bedroom Residence (12th - 14th Floor) 100 adventure. Deluxe Two-Bedroom Residence (1st - 11thFloor) 105 Grand Deluxe Two-Bedroom Residence (12th - 14th Floor) 105 FITNESS CENTRE There is no need to neglect your health while you are on the road! The Fitness Centre allows our guests to stay fit and active while in Bangkok for business or leisure. Our Fitness Center is fully equipped for all of your fitness goals, from cardio to weightlifting, along with showers and changing rooms. FACILITIES FOR RESIDENCES 1st -11th FLOORS: FACILITIES FOR RESIDENCES 12th -14th FLOORS: • Wi-Fi access upon request (extra charge applicable) • Complimentary Wi-Fi and wired internet connection • RFID key cards, Dry cleaning and laundry service • Room cleaning service 3 times/week • Flexible workspace • RFID key cards • Smart TV with international satellite TV channels • Dry cleaning and laundry service • Individually controlled air-conditioning and Complimentary • Universal electrical outlets bottled water upon check-in • Flexible workspace • Chatrium Connect / Digital Butler • Smart TV with international satellite TV channels • Individually controlled air-conditioning • Complimentary bottled water upon check-in only • Chatrium Connect / Digital Butler LOCATION km.
    [Show full text]
  • Solutions for Sustainable Urbanisation
    Solutions for Sustainable Urbanisation Report to Stakeholders 2017 Vision Mission Keppel Group’s Operating Principles A leading real estate company, Guided by our operating principles 1 Best value propositions shaping the best for future and core values, we will create to customers. generations. value for all stakeholders through 2 Tapping and developing best innovative real estate solutions. talents from our global workforce. 3 Cultivating a spirit of innovation and enterprise. 4 Executing our projects well. 5 Being financially disciplined to earn best risk-adjusted returns. Solutions for 6 Clarity of focus and operating within our core competence. Sustainable 7 Being prepared for the future. Urbanisation Keppel is a multi-business company committed to providing robust solutions for sustainable urbanisation. A multi-faceted real estate player, Keppel Land provides innovative urban living solutions in its sterling portfolio of residential developments, integrated townships and commercial properties. Contents Overview Operations and Market Review Key Figures for 2017 2 Singapore 26 Group Financial Highlights 3 Investments 30 International Network 4 Serviced Co-office 32 Chairman's Statement 6 Retail Management 33 Board of Directors 10 Hospitality Management 34 Senior Management 12 China 36 Key Personnel 14 Vietnam 42 Corporate Profile 16 Indonesia 46 Corporate Milestones in 2017 17 Myanmar/The Philippines 48 Awards and Accolades 18 Thailand/India/Malaysia 49 Corporate Governance 19 United States/United Kingdom 50 Risk Management 23 Property Portfolio 51 Overview Key Figures for 2017 Revenue Net Profit Return on Equity 1 $1.8b $701.4m 14.6% Revenue decreased by 4.5% year-on-year Net profit increased by 19.6%1 year-on-year Keppel Land achieved average return to $1.8 billion.
    [Show full text]
  • Bangkok Bts/Mrt Travel Guide
    BANGKOK BTS/MRT TRAVEL GUIDE Preface “Do you want to go out?” “Have you eaten?” Thailand is a country full of natural resources as well as has an abundant diversity of food that makes international visitors yell out “Amazing Thailand”. This is especially seen in Bangkok, a major destination for travellers all over the world and a capital city where you can find great cuisine to enjoy 24/7. This city’s also been ranked by CNN as having the best street food in the world. This guidebook is not only to invite you to go out and eat, but to make you and your family and friends experience the ambience and chill. Instead of going by car or taxi why not travel by the BTS and/or MRT that has numerous lines around the city for you to choose from, reduce the travel time, and have fun travelling to and eating at various eateries full of delectable tasty food along the train lines. Go into the side streets and laneways and search for the variety of main meals, desserts, snacks, or whatever you feel like eating at legendary restaurants or places where you can just chill that aren’t to be missed. Can you think of how many restaurants have really impressed you for their tasty food that you really want to go there again and again? How many make you feel reenergised every time you go there that you’ll never forget them? We want to have a part in making you remember these places with this guidebook, so when you’re feeling hungry, you can scan the QR Code of the eatery of your choice and travel by the BTS and/or MRT conveniently.
    [Show full text]
  • Coffee Cup Contest” in Which Observant Readers Have Independent and Unbiased, a Chance to Win Some Cool Prizes, Including a One Night Complimentary Hotel Stay
    AW_CentralBangkok_Double Page_Bangkok101_34x24cm.pdf 1 3/1/2559 BE 2:17 PM Publisher’s Letter angkok is definitely what you would call a “caffeinated” city. Whether it’s old grannies drinking tea by the bucketful, taxi and bus drivers socking back Red Bull in order to stay awake, or urban hipsters sipping single Borigin roast artisanal lattes, there are a lot of liquid stimulants keeping this manic What is metropolis going. Which is why each year we devote one issue to café culture, exploring what’s new in the world of brewers and baristas. We’ve also updated Bangkok 101 our café listings to include many new java joints that have opened up in the past year, and we’ve also got a “coffee cup contest” in which observant readers have Independent and unbiased, a chance to win some cool prizes, including a one night complimentary hotel stay. Bangkok 101 caters to savvy So, order up your favourite dark roast, espresso, or tea blend, turn to page 18, and travellers who yearn for sit back and settle in to this year’s 16-page ‘Café Culture’ issue. more than what they find in Of course, we also have plenty of decaffeinated content as well, including a guidebooks. It brings together an travel story about mountain climbing in Sri Lanka (page 48), exclusive coverage authoritative who’s who of city of the upcoming 18th annual Bangkok International Festival of Dance and Music residents, writers, photographers (page 56), an arts photo feature showcasing the whimsical paintings of Korean and cultural commentators. The artist Gi-ok Jeon (page 60), and a new monthly feature in which we highlight result is a compact and intelligent interesting wine events and dinners going on in Bangkok.
    [Show full text]
  • Approved Agent List
    Approved Agent List Agent Name Main Email Office Address City State Country Study Care - Tirana [email protected] Abdyl Frasheri Street Tirana Albania Bridge Blue Pty Ltd - Albania [email protected] K2-No.6 Rruga Naim Frashëri Tiranë Albania MasterWise Algeria [email protected] 116 Boulevard Des Martyrs el Madania Algiers Algeria CW International Education [email protected] J.F. Segui 3967 Piso 6 A (1425) Buenos Aires Argentina Latino Australia Education - Buenos Aires [email protected] Riobamba 972 4-C / Capital Federal Buenos Aires Argentina 25 de Mayo 252 2-B Vicente Lopez Provincia de TEDUCAustralia - Buenos Aires [email protected] Buenos Aires Argentina Buenos Aires ANZGroup [email protected] Paraguay 647 4 Floor Office 17 CABA Argentina Latino Australia Education - Mendoza [email protected] R. Obligado 37 - Oficina S3 Godoy Cruz Mendoza Argentina Av Sargento Cayetano Beliera 3025 Edificio M3 ACE Australia [email protected] Pilar Argentina 2P Parque Austral 1st Education Australia Pty Ltd [email protected] Unit 4, Level 12, 108 King William Street Adelaide SA Australia Academy Application Centre of Australia [email protected] Suite 618 Level 6 38 Galwer Place Adelaide SA Australia Amaxgrace Pty Ltd [email protected] Level 6, 108 King William Street Adelaide SA Australia AOJI Education Australia Pty Ltd - Adelaide [email protected] Leve 1, 32-34 King Williams Street Adelaide SA Australia AusEd-UniEd Int Pty Ltd Trading As AUG - [email protected] Suite 5, Level 1, Market Plaza, 61-63 Grote Street Adelaide SA Australia Adelaide Aussizz Migration & Education Cons - Adelaide Level 4, 90 King William Street Adelaide SA Australia Australia Chinese Law Firm [email protected] L30 Westpac House 91 King William Street Adelaide SA Australia Australian International Education Services [email protected] Level 5, 29 King William Street Adelaide SA Australia BADA Global Pty.
    [Show full text]
  • Destination Thailand VISA Privileges
    Destination Thailand VISA Privileges Hotels Centara Grand at CentralWorld (Until 31 Aug 2008) • Amazing Centara programme: 50% discount (room only) on published rates (includes breakfast) • Centara Plus programme: 10% discount in addition to Getaway Packages Online Reservation: www.centarahotelsresorts.com/visa2008 Access Code: visa2008 999/99 Rama 1 Road, Patumwan, Bangkok. Tel: (66) 2100 1234 Sofitel Centara Grand Bangkok (Until 31 Aug 2008) • Amazing Centara programme: 50% discount (room only) on published rates (includes breakfast) • Centara Plus programme: 10% discount in addition to Getaway Packages Online Reservation: www.centarahotelsresorts.com/visa2008 Access Code: visa2008 1695 Phaholyothin Road, Chatuchak, Bangkok. Tel: (66) 2541 1234 A-One Bangkok Hotel 30% discount for Executive Deluxe, Family, Junior, Suite, Royal Suite (room only) Cannot be used on long weekend and public holiday. Cannot be used with any promotions, exclusively for Thailand Grand Sale program only. Please reservation before service at Reservation office at 0-2718-1030 (Auto) 9 Soi Soonvijai 4 New Phetburi Road, Bangkok. Tel: (66) 2718 1030 43 Bangkok Rama Hotel Standard room at special price of 1,060 baht with breakfast for two (U.P. 1,800 baht) 1546 Pattanakarn Road, Suanluang, Bangkok. Tel: (66) 272 6602 10 Baiyoke Suite Hotel • Single or double room at special price of 1,299 baht / night with breakfast for two (U.P. 1,800 baht) • 15% discount for buffet dinner from 300 baht ++ (U.P. 345 baht) per person at sky lounge restaurant - Prior reservations required - Valid for up to 10 people/time - For room only (including service charge and VAT) 130 Ratchaprarob Road, Rajthevee, Bangkok.
    [Show full text]
  • Siam Future Development Public Co., Ltd
    SIIAM FUTURE DEVELOPMENT PUBLIIC CO..,, LTD.. 7/5 Moo 1 Ramkhamheang Road, Saphansoong, Bangkok 10240, Thailand Tel : (662) 729-4969 Fax : (662) 729-4968 Website : www.siamfuture.com SIAM FUTURE DEVELOPMENT PLC Contents Page 1. Message from the Board of Directors 1 2. Audit Committee Report 2 3. General Information 3 4. Major Accomplishments of the Company 5 5. Financial Highlights 6 6. Explanation and Analysis on the Financial Status 8 7. Nature of Business 10 8. Market and Competition 14 9. Risk Factors 17 10. Organization Chart 20 11. Shareholding Structure and Management 21 12. Report on Compliance with Principles of Good Corporate Governance 34 13. Report of Independent Auditor and Financial Statements 37 Annual Report 2005 SIAM FUTURE DEVELOPMENT PLC Message from the Board of Directors Following a continuous opening of shopping centers in major community areas in Bangkok since Year 2003, the shopping center space managed by the Company has increased to 96,837 square meters in Year 2005 from 36,972 square meters and 63,379 square meters in Year 2003 and Year 2004, respectively. Together with the project area totaling 131,964 square meters currently under construction which will be opened in 2006, such growth demonstrated a tremendous expansion during the past 3 years. This success was attributable to trust and confidence in the Company in managing open shopping center which well brought about an acceptance from tenants and customers of the Company’s shopping centers, particularly Thong Lor 15 or J-Avenue shopping center which has successfully gained acceptance and become perceived as another meeting point of the new generation.
    [Show full text]
  • Financial Status
    SIIAM FUTURE DEVELOPMENT PUBLIIC CO..,, LTD.. Esplanade Ratchadapisek 99 Ratchadapisek Road, Din Dang, Bangkok, Thailand 10400. Tel: +662‐660‐9000 Fax: +662‐660‐9010, +662‐660‐9020, +662‐660‐9030 Website: www.siamfuture.com SIAM FUTURE DEVELOPMENT PLC Contents Page 1 Message from the Board of Directors 2 Audit Committee Report 3 General Information 6 Major Accomplishments of the Company 7 Financial Highlights 9 Explanation and Analysis on the Financial Status 12 Nature of Business 17 Market and Competition 25 Risk Factors 29 Organization Chart 30 Shareholding Structure and Management 41 Report on Compliance with Principles of Good Corporate Governance 47 Report of Independent Auditor and Financial Statements Annual Report 2009 SIAM FUTURE DEVELOPMENT PLC Message from the Board of Directors IIn 2009,, tthe Company opened an open-aiir shoppiing centter calllled Nawamiin Ciitty Avenue Phase II Shoppiing Centter on Kasett- Nawamiin Road siittuatted on tthe area off approxiimattelly 7,,891 square metters.. Focall poiintt off tthe shoppiing centter iis tto proviide breeziiness and lliiffesttylle siimiillar tto tthose off J Avenue Shoppiing Centter ffor custtomers on Kasett-Nawamiin Road and neiighboriing area tto creatte anotther meettiing poiintt ffor tthe new generattiions.. Diisttiinguiished parttners off tthiis shoppiing centter are Viilllla Supermarkett,, Gubkhao Gubplla Resttaurantt,, IIberry IIce-Cream as wellll as otther ffamous shop operattors whiich have been opened att tthe Company’’s shoppiing centters,, ii..e.. J Avenue Thongllor
    [Show full text]
  • Is Back Boracay
    SOUTHEAST ASIA JUNE 2019 BORACAY IS BACK SINGAPORE S$7.90 / HONG KONG HK$43 A REST IN THREE NEW TWO-WHEELING THAILAND THB175 / INDONESIA IDR50,000 MALAYSIA MYR18 / VIETNAM VND85,000 MACAU MOP44 / PHILIPPINES PHP240 BURMA MMK35 / CAMBODIA KHR22,000 RURAL JAPAN STOPS IN VIETNAM CAMBODIA BRUNEI BND7.90 / LAOS LAK52,000 Thrills don’t stop in Riau Islands Stretching from east of Sumatra, past Singapore and northeast into the South China Sea towards Borneo, the Riau Islands are a sprawling Indonesian province full of natural beauty just waiting to be enjoyed. Sail, ferry or fly into this lovely archipelago for one of the many exciting annual events being hosted in Anambas, Bintan and Batam this month. 06ADV_IndoTourism.indd 2 5/9/2562 BE 11:34 AM ADVERTORIAL SAIL ANAMBAS TO NATUNA Between Borneo and the Bay of Malaysia lie the Anambas and the Natuna 1Islands, facing the open sea and ofering fantastic blue and green panoramas. The Anambas are globally recognized for some of the most amazing dive spots, with colorful underwater life, and rows of coconut trees protecting soft white- sand beaches. Join the international regattas that begin in New Zealand, enter Indonesia through North Maluku Regency, and stop at these northerly archipelagos. You’ll be entertained with regional art performances while dining, your visit is hassle-free. The soundtrack enjoy diving and snorkeling at Penjalin of dulcet jazz over ocean waves is sure to Island, tour Tarempa City, and be inspire. Bintan, June 22–23. introduced to the Anambas’ cuisine and Whether you are an avid sailor handicrafts.
    [Show full text]