AWC has a policy to pay dividends at the rate of no less than 40% of our consolidated net profits from ordinary business after deducting corporate income tax and any reserve funds as required by law and as determined by us, provided that the dividend payment shall not exceed our separate retained earnings. The payment of dividends and dividend rates are subject to change, depending on our financial conditions, results of operations, cash flow, working capital, future investment plans and business expansion, as well as market conditions, legal requirements, debt obligations, conditions or restrictions imposed by financing agreements and other factors as deemed suitable and appropriate by the Board of Directors.
For more information regarding the dividned policy and payment, please refer to the link below: https://www.assetworldcorp-th.com/en/investor-relations/shareholder-information/dividend-policy-and-payment
AWC is a member of TCC Group which is one of the largest and leading conglomerates in Thailand. The company has invested, developed, and managed the portfolio consisting of 1) Hotels, 2) Retails, 3) Office Buildings, and 4) Wholesales. We commit to drive Thailand to be the world-class tourist destination and build a better future for the Thai economy. We push our maximum effort to increase asset value in the long-term, leading to sustainable growth with a portfolio of quality assets that have been meticulously selected for decades with strong development capability.
For the Hospitality business, AWC develops and owns a diverse portfolio of best-in-class and award-winning hotel properties across Thailand which can be determined as follows:
- MICE Hotels
- Marriott Marquis Queen’s Park
- The Okura Prestige Bangkok Hotel
- The Athenee Hotel, a Luxury Collection Hotel, Bangkok
- Bangkok Marriott Hotel the Surawongse
- Bangkok City Hotels
- Hilton Sukhumvit Bangkok
- DoubleTree by Hilton Sukhumvit Bangkok
- Le Meridien Bangkok
- Holiday Inn Express Bangkok Sathorn
- Luxury Resorts
- Banyan Tree Samui
- Banyan Tree Krabi
- Vana Belle, a Luxury Collection Resort, Koh Samui
- Non-Bangkok City Hotels
- Le Meridien Chiang Mai
- Sheraton Samui
- Courtyard by Marriott Phuket Town
- Phuket Marriott Resort and Spa, Nai Yang Beach
- Melia Koh Samui
- Hua Hin Marriott Resort & Spa
- Melia Chiang Mai
For the Retail business, AWC develops, owns and operates a portfolio of contemporary and award-winning shopping and lifestyle destinations.
- Tourist Lifestyle Destination is including Asiatique The Riverfront.
- Community Shopping Malls
- Gateway at Bangsue
- Pantip Plaza Ngamwongwan
- Pantip Plaza in Chiangmai
- Gateway Ekamai
- Comminity Markets
- Tawanna Bangkapi
- Lasalle’s Avenue
- Community Market Bangkapi
For the Commercial business, the portfolio mainly consists of mixed-use developments with retail and office tenants. AWC owns and operates four commercial properties in Bangkok which include:
- Empire Tower Building
- Athenee Tower Building
- 208 Building Wireless Road
- Interlink Tower Bangna.
AWC aims to strengthen our position as a leading developer, owner and operator of Hospitality, Retail, Wholesale and Commercial Building properties in Thailand, with the Strategy intents as below.
- Real Estate Investor/Developer/Manager, not an Operator
- Scalable Frontier Project Focus (Mixed Use)
- Middle to High Income Customers
- Global and Unique Partner
- New Benchmark
- International customers base diversification and portfolio diversification throughout key cities
- Synergy & Sustainability
- Growth Drive
- Outstanding Return on Investment
- Strong Development Capability
With our vision of "Building a Better Future", operating our business in accordance with sustainability principles, including economic, social and environmental, is our top priority. In addition to operating in accordance with sustainability principles, we have established corporate sustainability strategy, which acts as a guidance for business conduct. The strategy includes Better Planet, Better People, and Better Prosperity.
AWC has a policy to have our new flagship development projects including The Asiatique District and The Aquatique District to receive internatonal green building certifications; for example, LEED, WELL, and EDGE standards. For existing projects, AWC is keen to renovate and apply for green building certifications as well.
To achieve our target of carbon neutrality, it is necessary to implement numerous projects to maintain energy usage efficiecy throughout the organization. The examples of some implementation plans can be classified into 3 groups as below:
The operation management program includes increasing the temperature of a water chiller by 1 degree Fahrenheit, turning off the cool air blower/air conditioner in the hall at night, and managing the lights.
The short-term program includes changing more light bulbs to LED and adjusting the dimming time in the building.
The long-term program includes heating, ventilation, and air conditioning system optimization.