ASW Reinforces Strong Fundamentals, XD on April 30, Declares Dividend of 0.50 Baht per Share with a High Yield of 7% Following Q1/69 Sales Surpassing 6,864 Million, Benefiting from Thailand's Real Estate as a Global Safe Haven
ASW showcases a robust financial foundation. The shareholders' meeting approved a dividend payment of 0.50 Baht per share, highlighting a high yield of 7%, positioning it as a standout real estate stock. Following a sales surge in Q1/69 reaching 6,854 million Baht, driven by the booming Phuket and EEC markets, the company is capitalizing on strong demand from international clients who trust Thai real estate as a Safe Haven globally. With a solid backlog, ASW is set to proceed with the transfer of 11 new projects valued at 26,760 million Baht, gradually recognizing revenue throughout the year.
Mr. Kramchat Wiphanpong, CEO of Asset Wise Public Company Limited (ASW), stated that the company is preparing to pay dividends to ASW shareholders at a rate of 0.50 Baht per share, which translates to a Dividend Yield of approximately 7%. This is considered a remarkably high level compared to other property developers in the stock market. The XD mark will be effective on April 30, 2026, with the dividend payment scheduled for May 22, reflecting ASW's operational performance and cash flow stability, which has been managed efficiently.
ASW has been consistently driving growth since the beginning of 2026, achieving sales of 6,854 million Baht in the first quarter, a 16% increase compared to the previous quarter (QoQ). This growth is significantly supported by the expansion into the Rangsit and Phuket markets, gaining confidence from both domestic and international clients, especially in Phuket, which remains a prominent World Destination attracting high-net-worth individuals and long-stay residents. This has led to continued interest in the Leisure Residence projects developed by Rompho Property Public Company Limited (TITLE), a subsidiary of ASW. Meanwhile, ASW's projects in the EEC area continue to benefit from Thailand's overall perception as a Safe Haven amid global economic and geopolitical volatility.
Additionally, the company has a high backlog of sales awaiting revenue recognition, which will be gradually realized in the future. Coupled with plans to transfer ownership of new completed projects this year, totaling 11 projects valued at over 26,760 million Baht, this will be a crucial driver for revenue growth and establish a stable profit base for ASW throughout 2026.
“We remain committed to conducting our business with prudence while maintaining strict financial discipline, including effective liquidity management and inventory control, to strengthen ASW's long-term stability. This upcoming dividend payment not only reflects our strong operational performance but also underscores our commitment to delivering consistent and valuable returns to shareholders, fostering growth and sustainable value,” said Mr. Kramchat.