AP (Thailand) Public Company Limited (AP-R.BK)

AP (Thailand) Public Company Limited (AP-R.BK) — VMCI valuation read

Composite valuation read on AP-R.BK: VMCI 58/100 against a Real Estate sector median of 50. The 8-point above-median print is the headline number for AP (Thailand) Public Company Limited, and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.

Trailing 30-day insider activity for AP-R.BK: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.

**Investor frame.** Value, quality, risk in three lines on AP-R.BK: AP-R.BK trades at 25.0x earnings, 39% above the Real Estate median of 18.0x; ROIC of 17.0% sits 7.0pp above the Real Estate median (10.0%); net debt to EBITDA of -0.3x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Real Estate closes the value frame.

AP-R.BK fell 0.9% over the trailing 7 days, with a -3.5% read on a 30-day basis.