Asset World Corp net worth is gaining attention, especially given its growing financial contributions from key sectors like hospitality and retail.
With our in-depth analysis, I’ll explore how Asset World Corp’s revenue streams contribute to its financial success in 2024.
Ando Money is here to guide you through all the essential financial highlights.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Asset World Corp |
| Full Name | Asset World Corp Public Company Limited |
| Industry | Real Estate Development |
| Traded as | SET: AWC |
| ISIN | TH9597010006 |
| Founded | 2018 |
| Founders | Charoen Sirivadhanabhakdi |
| Country/Territory | Thailand |
| Headquarters | Bangkok, Thailand |
| Chief Executive Officer | Wallapa Traisorat |
| Number of Employees | N/A |
| Market Cap | USD 3.57 Billion |
| Total Assets | THB 179,284 million (approx. $4.88 Billion) |
| Total Equity | THB 88,742 million (approx. $2.41 Billion) |
| Revenue | THB 4,839 million (Q2 2024) (approx. $132 million) |
| Net Income | THB 1,246 million (Q2 2024) (approx. $34 million) |
What is the Net Worth/Market Cap of Asset World Corp in 2024?
Asset World Corp’s net worth, primarily reflected through its market cap of USD 3.57 Billion, highlights its significance in the real estate sector, especially in Southeast Asia.
This value places AWC among other major players but still leaves room for growth compared to some industry giants.
Companies such as Marriott Hotels or Meliá Hotels International might surpass AWC’s valuation, but the company’s unique focus on high-value assets and luxury properties adds a competitive edge.
If you want to explore more about which are the wealthiest companies in this sector, check out this comprehensive list of the most financially successful corporations.
Some notable related companies include:
- Marriott Hotels
- Meliá Hotels International
- TCC Group
- InterContinental Hotels Group
- Thailand Stock Exchange
- Banyan Tree Krabi
- Bangkok Real Estate
- AWC Growth Fund
- Sukhumvit 38 Hotel
- Phenix Food Center
Financial Performance Overview
Asset World Corp’s revenue primarily comes from its diverse portfolio within the hospitality, retail, and commercial sectors.
These business segments collectively contributed to a total revenue of THB 4,839 million in Q2 2024 (around $132 million), marking a steady growth of 7% compared to the previous year.
The firm leverages its strong assets and partnerships to drive profitability across all sectors, with particular emphasis on high-quality hospitality and commercial properties.
Hospitality Business as a Major Revenue Driver
The hospitality sector is the cornerstone of Asset World Corp’s revenue growth, bringing in THB 2,597 million (approx. $71 million) in Q2 2024.
This accounts for a major share of the total income.
Properties like Bangkok Marriott Marquis Queen’s Park and Banyan Tree Krabi have shown significant occupancy and ADR (Average Daily Rate) improvements, with ADR reaching THB 5,409 per night.
The growth strategies have successfully driven RevPAR (Revenue Per Available Room) growth of 7.0% YoY, focusing on attracting high-end and international travelers.
Retail and Commercial Business Contributions
Retail and commercial properties generated THB 2,481 million (approx. $68 million) in Q2 2024, with noticeable growth from new lease spaces and mixed-use projects.
Asset World Corp’s emphasis on creating lifestyle destinations such as Phenix and The Empire has helped increase customer footfall, especially from international tourists.
Recent enhancements in mixed-use properties are designed to maximize lease renewals and tenant satisfaction, which in turn drives consistent revenue growth.
Investment Properties Impact on Revenue
Investment properties also played a notable role in the financial performance of Asset World Corp, generating a gain of THB 1,305 million in Q2 2024 (approx. $36 million).
The firm strategically manages its investment portfolio, ensuring a balance between quality and revenue generation.
The focus on Grade A office buildings in prime locations, such as Bangkok’s CBD, is a testament to their ability to attract high-value clients.
Impact of Cost Management on Profitability
Effective cost management is at the heart of Asset World Corp’s profitability. During Q2 2024, the company reported an operating profit (EBITDA) of THB 2,493 million (approx. $68 million), a 12% increase YoY.
The company successfully optimized operational expenses, with Banyan Tree Krabi achieving 80% EBITDA flow-through.
The economies of scale from being part of the TCC Group have helped AWC manage operational costs effectively, maintaining a debt-to-equity ratio of 1.02, which indicates a healthy financial structure for future investments.
Recent Investments and Their Influence on Revenue
Recent investments have shown a positive influence on AWC’s revenue.
The firm launched several high-potential properties like the Phenix Food Center in Bangkok, which is part of their Growth-Led Strategy.
Upcoming projects like Meliá Pattaya City and Fairmont Bangkok Sukhumvit are expected to significantly contribute to revenue growth by 2026.
These investments are focused on elevating lifestyle experiences, thereby creating more revenue opportunities.
Contribution of Joint Ventures and Strategic Partnerships
AWC has established various joint ventures and partnerships that significantly impact its revenue growth.
Collaborations with global brands like Marriott International and Meliá Hotels International have strengthened AWC’s portfolio in the luxury market, driving ADR and RevPAR up.
The AWC Growth Fund allows the company to expand its asset base without incurring significant debt, adding more revenue opportunities in the coming years.
Revenue from the Firm’s Sustainable Growth Initiatives
The company’s sustainability goals also contribute to financial performance.
With initiatives like “Building a Better Future”, AWC focuses on carbon-neutral operations by 2030, which enhances the company’s attractiveness to eco-conscious consumers and investors.
The firm has already shown reductions in energy consumption, saving 19,447,229 million baht (approx. $530,000) in energy costs in Q2 2024.
This not only supports environmental goals but also adds to profitability through cost savings.
FAQs About Asset World Corp
What are the main sources of revenue for Asset World Corp?
The primary sources of revenue for Asset World Corp include the hospitality business, retail and commercial properties, and investment properties. These collectively drive the company’s profitability, with hospitality taking the lead in recent quarters.
How did Asset World Corp perform financially in Q2 2024?
In Q2 2024, Asset World Corp reported total revenue of THB 4,839 million and a net profit of THB 1,246 million. The company’s performance was primarily driven by the strong hospitality sector and gains from investment properties.
What is the role of hospitality in Asset World Corp’s revenue?
Hospitality plays a crucial role, contributing THB 2,597 million in Q2 2024. The company focuses on luxury hotels in strategic locations, achieving a 7.0% growth in RevPAR compared to the same period last year.
How does Asset World Corp manage its operating costs?
Asset World Corp employs economies of scale and efficient cost management strategies. For example, properties like Banyan Tree Krabi achieved an EBITDA flow-through of 80%, and the overall debt-to-equity ratio stood at 1.02 as of June 2024.
What are Asset World Corp’s future projects that could impact revenue?
Future projects include Meliá Pattaya City, Fairmont Bangkok Sukhumvit, and Phenix Food Center, which are expected to contribute significantly to revenue growth by 2026. These projects align with the firm’s goal of expanding lifestyle and luxury offerings.
Conclusion
I hope this detailed analysis of Asset World Corp has helped shed light on their financial landscape.
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