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    CENTEL   TH0176B10Z00

CENTRAL PLAZA HOTEL PUBLIC COMPANY LIMITED

(CENTEL)
  Report
End-of-day quote. End-of-day quote Stock Exchange of Thailand - 10/25
36 THB   +0.70%
09/09BANGKOK POST PUBLIC : Appoints New CEO
MT
09/08CENTRAL PLAZA HOTEL PUBLIC : Changing of CFO
PU
09/08Central Plaza Hotel Public Company Limited Announces CFO Changes, effective September 15, 2021
CI
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Central Retail Corp plans to raise up to $2.7 billion in Thailand's biggest IPO

12/26/2019 | 05:19am EDT

Thailand's largest retailer, Central Retail Corporation, plans to raise up to 81.1 billion baht ($2.7 billion) in an initial public offer (IPO), the company said in a filing on Thursday, in what would be the country's largest IPO.

Central Retail, part of the billionaire Chirativat family's Central Group, set an IPO price range at between 40 and 48 baht per share and will sell up to 22.1% of the company's stock or 1.69 billion shares with an overallotment option of 169 million shares.

Subscription for investors will begin on Feb. 6.

Central Retail's plans to go public, first announced in July, would overtake the country's largest listing, BTS Rail Mass Transit Growth Fund, which raised 62 billion baht in 2013.

Funds raised will be used to expand its domestic and international businesses and to pay off debt, the company said.

There has been renewed investor interest in the Thai capital's markets, led by first-time share sales from billionaire families and conglomerate spin-offs.

Earlier this year, the hospitality firm of billionaire Charoen Sirivadhanabhakdi, Asset World Corp Pcl, raised 48 billion baht.

The country's largest industrial conglomerate, Siam Cement Group Pcl, has announced plans to list its packaging unit next year and the state energy firm PTT Pcl is in the process of filing for an IPO for its retail arm, PTT Oil and Retail.

As part of its listing plans, the parent company, Central Group, will delist its retail subsidiary, Robinson Pcl, where it holds a majority stake, and offer a share swap to Robinson's existing shareholders with no cash alternatives.

The share swap with Robinson will start on Jan. 27.

Central Retail, which has 2,000 stores in Thailand, booked 106 billion baht ($3.46 billion) in revenue in the 6 months ending in June. It will have a dividend policy of at least 40% of net profit.

Some 43% of revenue came from its food business, 34% from fashion and the remainder from hardware.

Phatra Securities and Bualuang Securities Public have been hired as financial advisers.

($1 = 30.1600 baht)

(Reporting by Chayut Setboonsarng; editing by Jason Neely)


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 0.00% 1.165 End-of-day quote.-25.32%
AT HOME GROUP INC. -0.08% 36.99 End-of-day quote.0.00%
BERLI JUCKER PUBLIC COMPANY LIMITED 0.74% 34 End-of-day quote.-2.16%
CENTRAL PATTANA PUBLIC COMPANY LIMITED 0.43% 58.75 End-of-day quote.23.04%
CENTRAL PLAZA HOTEL PUBLIC COMPANY LIMITED 0.70% 36 End-of-day quote.51.90%
FRASER AND NEAVE, LIMITED 0.00% 1.44 End-of-day quote.-2.04%
FRASERS PROPERTY LIMITED -0.85% 1.16 End-of-day quote.-6.45%
JASON CO., LTD. -0.77% 515 End-of-day quote.-22.90%
LONDON BRENT OIL -0.16% 85.88 Delayed Quote.65.76%
PTT PUBLIC COMPANY LIMITED -1.25% 39.5 End-of-day quote.-7.06%
ROBINSON PCL End-of-day quote.
S&P GSCI CRUDE OIL INDEX -0.16% 458.2373 Delayed Quote.72.63%
SET -0.56% 1634.2 Real-time Quote.12.75%
THAI BEVERAGE PUBLIC COMPANY LIMITED -0.70% 0.71 End-of-day quote.-3.40%
THE SIAM CEMENT PUBLIC COMPANY LIMITED 0.25% 397 End-of-day quote.5.03%
WTI -0.23% 83.591 Delayed Quote.70.78%
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Financials
Sales 2021 11 662 M 352 M 352 M
Net income 2021 -1 911 M -57,7 M -57,7 M
Net Debt 2021 12 342 M 373 M 373 M
P/E ratio 2021 -26,0x
Yield 2021 -
Capitalization 48 600 M 1 470 M 1 469 M
EV / Sales 2021 5,23x
EV / Sales 2022 3,75x
Nbr of Employees -
Free-Float 81,7%
Chart CENTRAL PLAZA HOTEL PUBLIC COMPANY LIMITED
Duration : Period :
Central Plaza Hotel Public Company Limited Technical Analysis Chart | CENTEL | TH0176B10Z00 | MarketScreener
Technical analysis trends CENTRAL PLAZA HOTEL PUBLIC COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 36,00 THB
Average target price 35,40 THB
Spread / Average Target -1,67%
EPS Revisions
Managers and Directors
Thirayuth Chirathivat Chief Executive Officer & Director
Nanthawan Vatcharakomolpun Chief Financial Officer
Suthikiati Chirathivat Chairman
Adrian Hardwick Jones Vice President-Design & Technical Service
Sucheep Tamacheepjaroen Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
CENTRAL PLAZA HOTEL PUBLIC COMPANY LIMITED51.90%1 470
STARBUCKS CORPORATION7.23%135 066
COMPASS GROUP PLC5.65%35 410
DARDEN RESTAURANTS, INC.20.45%18 871
SODEXO9.62%12 816
JUBILANT FOODWORKS LIMITED31.52%6 504