Noble is preparing to distribute an additional dividend of 0.08 Baht per share while aggressively pursuing a revenue target of 11 billion Baht in 2022. The company has already launched 5 projects out of a total of 18, achieving over 5 billion Baht in sales in the first two months.

Noble Development Public Company Limited (NOBLE) has announced a dividend payment for the second half of 2021 at a rate of 0.08 Baht per share, totaling 0.43 Baht per share for the entire year, which represents a dividend payout ratio of 63.2%. The XD date is set for May 9, 2022. The total revenue for 2021 was 7.43 billion Baht, with a net profit of 932 million Baht, impacted by COVID-19 on operational performance over the past year. However, pre-sales for 2021 reached 8.035 billion Baht due to campaigns for completed projects. The company plans to launch 18 new projects valued at 47.7 billion Baht in 2022, having recently introduced 5 new projects that have already generated over 4 billion Baht in sales. The total sales for the first two months, including completed projects and those in the pipeline, amount to over 5 billion Baht. NOBLE is signaling its intent to continue investing in real estate in the UK, targeting 550 units under a budget of 100 million pounds sterling, with plans to gradually acquire 70 units in Q1 2022.

Mr. Thongchai Busarapant, Vice Chairman and Co-CEO of Noble Development Public Company Limited (NOBLE), a leader in residential property development in prime locations of Bangkok and its vicinity, revealed that the board meeting on February 24, 2022, approved the allocation of net profit for 2021 to pay dividends for the second half of 2021 to shareholders at a rate of 0.08 Baht per share, totaling 0.43 Baht per share for the entire year, which translates to a dividend yield of approximately 7%. This will be presented at the annual general meeting on April 28, 2022, for approval and to determine the list of shareholders eligible for dividends (Record Date) on May 10, 2022, with the XD date on May 9, 2022, and dividend payment scheduled for May 26, 2022.

In terms of overall performance for 2021, the company reported total revenue of 7.43 billion Baht, a decrease of 32% year-on-year, and a net profit of 932 million Baht, down 50% year-on-year. The net profit margin decreased to over 12.5%, while the gross profit margin stood at 33.0%, down from the previous year due to campaigns for completed projects and the overall real estate market being affected by the COVID-19 pandemic, which led to a halt in the economy due to strict measures to prevent the spread of the virus, resulting in lockdowns and the closure of worker camps. These factors not only impacted consumer purchasing power but also affected business operations.

“In April 2021, the government tightened lockdown measures and closed worker camps, affecting the sentiment of real estate operators and consumers. This situation slowed down the overall economy and reduced consumer purchasing power, leading NOBLE to postpone the launch of new projects and adjust strategies to focus on gradually selling existing projects in its portfolio to mitigate financial risks. However, the real estate sector began to recover in Q4 2021 due to government stimulus measures, including the easing of lockdown restrictions and temporary adjustments to housing loan regulations (LTV measures), allowing a 100% loan-to-value ratio (up from 70%-90%), which positively impacted the real estate business,”

Sales (pre-sales) in 2021 reached 8.035 billion Baht, growing over 22% from 2020, driven by sales of completed projects (inventory) worth approximately 5.7 billion Baht and new projects and those under construction contributing about 2.335 billion Baht. Domestic customers accounted for 71% and international customers 29%, with the international market share at 52% of total condominium sales among all developers in Bangkok and its vicinity. Additionally, in 2021, the company launched 3 new projects valued at a total of 6.9 billion Baht, including Noble Form Thonglor, New Noble Center Bangna, and New Noble Connect House Don Mueang.

For the business direction in 2022, Noble Development Public Company Limited continues to follow its planned agenda, aiming for pre-sales of 28 billion Baht and revenue of 11 billion Baht. The company is preparing to launch 18 new projects with a total value of approximately 47.7 billion Baht, some of which were postponed from 2021. The company aims to expand its portfolio of horizontal projects and low-rise condominiums to diversify risks and offer a wider range of products across all areas of Bangkok, including Ratchaphruek, Ekkamai, Bangna, and Krungthep Kreetha.

At the beginning of 2022, NOBLE launched 5 projects simultaneously, including:

  • New Noble District R9
  • New Noble Mega Plus Bangna
  • New Noble C-Square Suan Luang Station

All three projects are located next to shopping malls.

  • New Noble Evo Ari
  • New Noble Connect Condo Don Mueang

These projects have received a positive response, reflected in the sales of over 4 billion Baht for the first two months across the 5 projects, with total sales from all projects exceeding 5 billion Baht. The company also plans to continuously launch additional new projects.

Furthermore, the company discussed its investment plans in the UK for 2022, stating that NOBLE will continue its strategy to expand investments in asset acquisitions. The strategy will shift towards bulk unit purchases rather than entire buildings, as bulk purchases face less competition. In 2022, the company aims to acquire 550 units of real estate in the UK under a budget of 100 million pounds sterling (with NOBLE investing 45% of this amount). Initially, it is expected that 70 units will be acquired within Q1 2022. Nevertheless, NOBLE's business strengths, including its international network and strong base of foreign customers, along with its strategy for expanding investments abroad, continue to present significant business investment opportunities for the company in the future.


New Noble District R9