Boutique Corporation Roadshow meets investors in Bangkok, preparing to offer IPO 167 million shares to expand the BOS real estate development.

Real Estate Press Releases Thursday October 10, 2019 10:39
Bangkok--10 Oct--IR PLUS

"Boutique Corporation" or BC organized the roadshow to meet investors and propose the summary of 167 million shares IPOs, showing the strength in the real estate development business in the build-operate-sell model, or the BOS Model, which is a high-yield business.

At present, there are 5 projects on hand that are already operational and ready to sell (BOS) and 4 projects under BC's management policy (Non-BOS), BC have a further 8 new projects in the pipeline, each with prime locations that will further enhance and stabilize its income.

In 2019 so far, BC consolidated total revenue for 6M 2019 reached THB 676 million, representing an increase of THB 245 million or 57% over the same period last year. This increase was mainly driven by BC'S sales of its Summer Hill and Summer Hub projects in Q2 2019.

BC consolidated a net profit of 6M 2019 reaching THB 348 million, an increase of THB 191 million or 122% over the same period last year. This substantial growth has been driven by higher revenue from hotel and commercial real estate operation and BC's sales of its Summer Hill and Summer Hub projects in Q2 2019.

Mr. Prab Thakral, Chief Executive Officer of Boutique Corporation, is a seasoned expert in the property development business with expert knowledge of BOS, commercial real estate, hotels and serviced apartments, as well as management services, revealed at the Roadshow in Bangkok that the company plans to offer 167 million shares by the end of 2019.

The BOS property development business model has expanded rapidly with the expertise of the company's director and management team selecting prime locations to develop in line with the growth trends of both the tourism industry and the valuation of the land, including Bangkok's Sukhumvit area, Pattaya, Phuket and Chiang Mai.

BC has built strong relationships with its partners to invest in each of its projects, allowing for the rapid development and timely completion of construction. This results in a satisfactory profit margin under the BOS model which targets returns of no less than 15%. The success of BC's BOS model can be seen in its sale of 6 projects with a total value of THB 3,525 million, with a total profit of THB 1,626 million.

As of 30 June 2019, BC has a total of 9 projects which are complete and in operation; 5 of which are ready for sale and 4 projects operating under the Citadines brand, three-star hotels with central Bangkok locations. There are a further 8 projects under development which are expected to be completed and opened for business in Q3 and Q4 of this year.

Mr.Lec Sicoravit, President Asia Plus Advisory Company Limited as the financial advisor of Boutique Corporation Public Company Limited (BC) revealed that after the Securities and Exchange Commission (SEC) has already counted the application form for the approval of the BC's filling.

The company has proceeded to organize a summary of the offering of newly issued ordinary shares to investors and the general public (roadshow) in Bangkok to introduce a business and the potential for the development of real estate projects in Build-Operate-Sell (BOS) model which has high growth potential.

Currently there are no other organizations in Thailand operating in the BOS business model and with this unique and high yield business model, BC has generated much interest among investors thus far. BC stated that the funding raised will be used to invest in future projects, pay back company debt and use as working capital.

"After the SEC has counted filling BC in mid-September, we continue to organize the roadshow to meet both institutional investors and retail investors to introduce businesses. There are still no companies listed on the stock market is a direct competitor in this business. With the outstanding and the ability to make good profits, BC has received a lot of attention and confidence from investors, "Mr.Lec concluded.


Latest Press Release

ASCOTT THAILAND COMPLETES VIRTUAL RUN 2019 IN SUPPORT OF SAVE THE CHILDREN

Ascott International Management (Thailand) held their Virtual Run Awards Ceremony at Somerset Park Suanplu, Bangkok on the 5th of October 2019 in aid of Save the Children. There was tremendous support from the community as 400 participants took part in...

AWE2020: AWE Ten Years, Smartizing The Future

Organized by China Household Electrical Appliances Association, Appliances & Electronics World Expo (AWE) 2020 is set to open at Shanghai New International Expo Center March 11-14, 2020, with a record-setting 13 exhibition halls covering an...

Photo Release: #Baania raises over 100-million baht in 1st round series-B investment from lead investor #Krungsri Finnovate, plus #TQLD, and #THS Growth

Krungsri Finnovate, together with TQLD, a company of TQM Corporation Public Limited, and THS Growth, jointly invest in the 1st round series-B investment in Baania (Thailand) Co., Ltd with over 100-million baht in total. The investment target is set at...

ASCOTT OPENS SOUTHEAST ASIAS LARGEST COLIVING PROPERTY LYF FUNAN SINGAPORE

CapitaLand's wholly owned lodging business unit, The Ascott Limited (Ascott), has opened lyf Funan Singapore, the largest coliving property in Southeast Asia. It is also the world's first property under Ascott's new 'lyf' coliving brand that is managed...

XCMG continues on the path to success in Southeast Asia, highlighting upmarket mining equipment and celebrating shovel industry heroes in Indonesia

XCMG, China's largest-scale and most competitive construction machinery supplier, brought all-new mining machinery products to Mining Indonesia 2019, a premium trade fair of mining equipment and technologies in Asia. XCMG debuted three large-tonnage...

Related Topics