Villa Kunalai Public Company Limited

Villa Kunalai Public Company Limited (KUN) has announced that its 4th series of high-risk secured bonds for 2026, maturing in 2028, which is the final bond lot of 2026, received full subscription from institutional and high-net-worth investors during the offering period from August 20–21 and 24, 2026. The bonds have a term of 2 years and 3 months, with an annual interest rate of 7.40%, paid quarterly. They are secured by collateral valued at up to 1.5 times the offered bond amount, primarily consisting of vacant land within the "Navara Rangsit" project. The company will use the raised funds to develop the Longevity Living project "Navara Rama 2" to create a comprehensive Health Ecosystem. It is currently in negotiations for joint ventures with both domestic and international partners, with expectations to commence concrete operations within 2027. Additionally, the funds will be used to repay debt and roll over bonds maturing in November 2026, amounting to 108 million baht, to enhance liquidity. Furthermore, on August 30, 2026, the company is set to launch "Club Suma" under the "Navara Rangsit" project, a clubhouse valued at over 100 million baht, under the concept "Where Nature Meets Everyday Living," to elevate the quality of life for residents and create a new landmark for residential areas in the Rangsit zone.

Villa Kunalai Public Company Limited, or KUN, is preparing to offer its fourth secured bond issuance of 2026, carrying an interest rate of 7.4% per annum, with a tenor of 2 years and 3 months, paying interest every 3 months. The bonds are backed by collateral valued at 1.5 times the total issued amount, consisting mainly of vacant land in the Navara Rangsit project. The offering will be open for subscription by institutional and high-net-worth investors on August 20, 21, and 24, 2026, through six underwriters. The company has also set aside cash to repay the 100 million baht KUN268A bonds maturing on August 12, 2026. For the first half of 2026, property sales revenue rose 39.58% to 278.51 million baht, net profit attributable to majority shareholders stood at 10.62 million baht, and interest expenses dropped 67.31% to 2.20 million baht. Additionally, KUN is in talks for a joint venture to develop a Longevity Living project as a new S-curve business, with operations expected to commence within 2027.

Villa Kunalai Public Company Limited, or KUN, is preparing to offer its fourth secured bond issue of 2026, with a tenor of 2 years and 3 months, a coupon of 7.4% per annum, and interest payments every 3 months, to institutional and high-net-worth investors on 20–21 and 24 August 2026 through six securities companies. This bond issue is secured by vacant land in the Navara Rangsit project, equivalent to 1.5 times the value of the bonds offered. CEO Khunate Devakula revealed that the company has already set aside cash to repay the previous bond issue of 100 million baht maturing on 12 August. He also disclosed first-half 2026 results, with property sales revenue of 278.51 million baht, up 39.58% year-on-year, driven especially by two flagship projects, Navara Rama 2 and Navara Rangsit. Net profit attributable to majority shareholders stood at 10.62 million baht, and interest expense fell 67.31% to just 2.20 million baht. In addition, KUN is in talks with partners to jointly develop a Longevity Living project, which is expected to commence by 2027, creating a new S-curve for the business.

Gulf Energy Development Public Company Limited, or GULF, reported a record-high operating profit of 12.3 billion baht in the second quarter of 2026, up 74% from the same period last year, driven by its energy business and share of profit from ADVANC. In the second half, it plans to start commercial operation of an additional 700 megawatts of power plants and targets 12-15% growth in total revenue and EBITDA this year. ADVANC announced a second-quarter 2026 profit of 13.7 billion baht, up 25%, with its 5G user base surpassing 19.7 million and an interim dividend of 8.69 baht per share. TRUE is still awaiting clarity on the China Mobile issue. OR swung to a loss of over 1.77 billion baht in the second quarter of 2026 due to inventory valuation losses from falling global oil prices, even though revenue grew to 205 billion baht and Cafe Amazon achieved record sales of 117 million cups. MEDEZE reaffirmed its leadership in stem cell banking with international standards. NER is confident that third-quarter 2026 results will recover in line with rubber prices, despite cutting its sales volume target to 440,000-450,000 tons while maintaining its 2026 revenue target of 30 billion baht. KUN reported first-half revenue of 278 million baht, up 40%, driven by demand for detached houses priced at 5 million baht and above. TEKA reported a 66.8% surge in first-half 2026 profit to 40.46 million baht, with revenue exceeding one billion baht. SYNEX announced a second-quarter 2026 net profit of 224 million baht, up 17.8%, and an interim dividend of 0.10 baht per share, with the XD date set for August 19. PCE is confident that the palm oil industry will be supported by global palm prices and B7-B20 policies. TMI is accelerating resolution of power plant issues and sustaining its lighting equipment business. SPVI is unfazed by Apple's iPhone price adjustments, noting that it supports margins through selling price adjustments. POLY is benefiting from TOYOTA's sales dominance in the Thai auto market, pushing the revenue share of its automotive group past 60%. ALPHAX is expanding into the Lao financial sector with digital transformation and AI. AURA is preparing to offer its first bond issuance of 2026 to expand its gold ornament sale-with-repurchase portfolio.

Villa Kunalai Public Company Limited, or KUN, has filed a registration statement with the SEC to issue and offer high-yield, non-subordinated, secured bonds with a tenor of 2 years and 3 months, maturing in 2028. The bonds carry a coupon of 7.40% per annum, payable quarterly, and are offered to institutional and high-net-worth investors. The collateral consists of 50 vacant land plots in the Navara Rangsit Khlong 2 project, appraised at approximately 181.76 million baht; 16 vacant land plots in the Kunalai Courtyard village, appraised at approximately 12.77 million baht; and a two-storey clubhouse with swimming pool, appraised at approximately 32.19 million baht. All assets will be mortgaged as a first-priority lien after existing encumbrances are discharged, and the total collateral value will be no less than 1.50 times the bond issuance amount. Subscription opens on August 20–21 and 24, 2026, with six underwriters led by Bluebell Securities, which also acts as the bondholder representative. The credit rating is B+ from TRIS Rating as of February 3, 2026. Proceeds will be used to repay other debts, roll over debt instruments, and for short-term working capital.

Villa Kunalai Public Company Limited, or KUN, disclosed that its first-half 2026 performance grew better than the targets set. In the first quarter of 2026, revenue from property sales was approximately 106 million baht, an increase of 32.53 percent from the previous year, and the loss narrowed by 72.42 percent to 2.37 million baht. The second half is expected to see continued growth from the launch of the new Charasaran project, a development for the elderly located near the Bang Khun Thian Geriatric Hospital and the new National Cancer Institute. In addition, the Navara Rangsit Khlong 2 project will be officially launched, a large single-detached house project with a total value of over 7.3 billion baht, comprising 1,100 units, of which approximately 300 units have already been transferred. The company is confident that full-year 2026 revenue will grow by the targeted 10 percent from the previous year's revenue of around 516 million baht.