HMPRO: Home Product Center Public Company Limited

If you are looking for investing in a similar Home Depot (NYSE symbol: HD) or Low's Company (NYSE symbol: LOW) in Thailand, this is it, the Home Product Center Public Company Limited (SET symbol: HMPRO). This company has a good ran since the IPO. The revenues has been growing and still continue to do so by expansion more branch outside of Bangkok. The sales growth is almost 6 times over the past 6 years, (2000-2006, from 2.2K to 15K), or about 38% CAGR (Compound Annual Growth Rate).



Background
Home Product Center Public Company Limited was founded on June 27, 1995 with the initial registered capital of Baht 150 million. The Company is a joint venture between Land and Houses Group, American International Assurance Co., Ltd. and the Sarasin family. The Company was listed in the Stock Exchange of Thailand on October 30, 2001.
The Company was established with an objective to operate a retail business by selling goods and providing complete services relating to construction, improvement, decoration and renovation of buildings, houses and residence places under the trade name "HomePro".
On July 31, 2006, the Company has 23 branches in total, of which 15 branches are located ingreat Bangkok and another 11 branches in up-country provinces.
On May 26, 2005 Market Village Co.,Ltd. was incorporated "Market Village" being a subsidiary, located at 234/1 Petchkasem Road, Hua-Hin, Prachaubkirikhan. Home Product Center Public Company Limited holds 99.99% of shares in Market Village. Presently, its registered capital is Baht 5 million.
Market Village was formed with objectives to manage leasing space for Home Product Center Public Company Limited and to provide facilities services to lessees. It commenced operation on the project "Hua-Hin Market Village" which is located at Petchkasem Road, Hua-Hin, Prachaubkirikhan. This is opened in the first quarter of 2006