Rhom Bho Property Public Company Limited

Rompho Property Public Company Limited, or TITLE, reported second quarter net profit for 2569 of 250.74 million baht, up 3,257% from 7.47 million baht in the same period last year, driven mainly by growth in property sales revenue. In the second quarter of 2569, the group posted property sales revenue of 1.42488 billion baht, up from the same period last year, as it gradually recognised revenue from ownership transfers at The Title Legendary Bang-Tao and The Title Serenity Naiyang, which began recognising revenue in the first quarter of 2569, as well as The Title Heritage Bang-Tao, which began recognising revenue in the second quarter of 2569. In addition, the group recorded other income of 26.18 million baht, comprising revenue from condominium juristic person management, revenue from contract modifications, and revenue from forfeited booking fees and down payments from customers who breached contract terms.

Fourteen companies listed on the Stock Exchange of Thailand reported second-quarter net profit for fiscal 2569 growing more than 1,000 percent from the same period last year. B.Grimm Power Public Company Limited, or BGRIM, posted net profit of 675.97 million baht, up 9,773.97 percent from 6.85 million baht. That was followed by Wincost Industrial Park Public Company Limited, or WIN, with net profit of 2.75 million baht, up 5,553.90 percent, and Maybank Securities Thailand Public Company Limited, or MST, with net profit of 82.97 million baht, up 3,691.95 percent. Rompho Property Public Company Limited, or TITLE, recorded net profit of 250.74 million baht, up 3,256.68 percent, while RPCG Public Company Limited, or RPC, posted net profit of 18.91 million baht, up 2,458.46 percent. Christiani & Nielsen Thai Public Company Limited, or CNT, reported net profit of 158.73 million baht, up 1,938.40 percent, and The Steel Public Company Limited, or THE, posted net profit of 94.38 million baht, up 1,422.67 percent. Seafresh Industry Public Company Limited, or CFRESH, recorded net profit of 82.65 million baht, up 1,413.92 percent, while T.K.S. Technologies Public Company Limited, or TKS, posted net profit of 168.93 million baht, up 1,310.82 percent. Eastern Water Resources Development and Management Public Company Limited, or EASTW, reported net profit of 64.30 million baht, up 1,282.56 percent, and S. Pack & Print Public Company Limited, or SPACK, posted net profit of 13.88 million baht, up 1,275.98 percent. Pacific Pipe Public Company Limited, or PAP, recorded net profit of 298.90 million baht, up 1,125.00 percent, while Singer Thailand Public Company Limited, or SINGER, posted net profit of 148.84 million baht, up 1,095.30 percent. Amata Corporation Public Company Limited, or AMATA, reported net profit of 1.58 billion baht, up 1,032.15 percent. Finansia Syrus Securities Public Company Limited, or FSS, said overall listed-company profit in the second quarter of fiscal 2569 came in about 11 percent above expectations, and it expects third-quarter fiscal 2569 still has room to grow from commodity prices and economic stimulus measures. The firm also significantly raised its full-year 2569 earnings-per-share estimate for the SET and maintained its mid-2570 SET index target at 1,710 points.

Assetwise Public Company Limited, or ASW, said the group's total revenue backlog has surpassed 30 billion baht after it acquired a 68.87% majority stake in Rompho Property Public Company Limited, or TITLE, a Phuket property specialist. Of that amount, TITLE's Phuket sales account for more than 20 billion baht. TITLE has set a 2026 revenue target of 6 billion baht, with more than 2 billion baht already achieved in the first half, and has about 4.5 billion baht worth of units ready for transfer in the third quarter, or roughly 400 units. The group has a total of 17 projects in Phuket with more than 2,500 units, covering Bang Tao, Kamala, Kata, Nai Yang and Rawai beaches, along with a land bank of more than 200 rai, representing about 40 billion baht in future project value. ASW has also had its corporate credit rating upgraded from BBB- to BBB.

Rom Pho Property Public Company Limited, or TITLE, reported a second-quarter 2026 net profit that soared 3,611 percent from the same period last year to 249.41 million baht, supported by revenue recognition from the newly completed The Title Serenity project in Yang, valued at 4 billion baht, which achieved strong transfers even outside the tourist season. For the first half of 2026, the company posted total revenue of 2.004 billion baht, up 377 percent, and a net profit of 293 million baht, growing 1,358 percent compared with the same period in 2025. Meanwhile, new sales in the second quarter still grew 15 percent despite the low season and tensions in the Middle East. The company had a sales backlog at the end of the second quarter of 2026 worth more than 22.981 billion baht, which will be gradually recognised as revenue through 2028, and it maintains its full-year revenue target of 6 billion baht.

Assetwise Public Company Limited, or ASW, projects a second-quarter 2026 net profit of 539 million baht, up 171 percent from a year earlier and 135 percent from the previous quarter, marking a two-year high. The jump is mainly driven by the start of transfers at The TITLE Serenity Naiyang condominium project in Phuket, continued transfers at Kave Luminous Bangmod, and still-strong sales of the Kave-branded condos, pushing total quarterly transfers to 3.3 billion baht. Gross margin is expected to improve to 45 percent, thanks to a higher share of high-margin Phuket projects, while profit contributions from associates will rise as two new projects begin transfers. This puts first-half profit on track to reach 768 million baht, or 50 percent of the full-year forecast. Earnings are expected to keep growing in the second half, especially in the third quarter, with the start of transfers at three new condo projects carrying a combined backlog of 4.9 billion baht. Leading the pipeline is The TITLE Heritage Bang Tao, a 6-billion-baht premium condominium project in the Bang Tao area of Phuket, developed by Rompho Property Public Company Limited, or TITLE, an ASW subsidiary. The project sits on over 15 rai of land, comprises 789 units with starting prices of 5.5 million baht, and is scheduled for completion this August. Finansia Securities maintains its 2026 profit forecast at 1.5 billion baht, representing 43 percent growth, and keeps a buy rating with a target price of 9 baht. The broker highlights ASW's strength in a diversified project portfolio, particularly Phuket projects where demand remains robust, while the stock trades at a P/E of just 4.7 times and is expected to offer a dividend yield of around 8.5 percent in 2026.