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6186.TWO — TPEx Real Estate Rental, Development & Operations

Shin Ruenn Development Co Ltd

$39,15
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Mcap
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P/E
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EV / Rev
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Div yield
3,36 %
Op margin
19,5 %
ROE
29,7 %
Net margin
16,1 %
Debt / equity
1,56
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

Shin Ruenn Development Co Ltd is engaged in real estate rental, development, and operations, generating revenue primarily through property development and management.

Business. Shin Ruenn Development Co Ltd (6186.TWO) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Thailand and is primarily listed on the Taiwan Premium Board (TPEx). Specific details regarding operating segments and geographic revenue mix are not disclosed in the available data.

Classification92 %
SectorReal Estate
IndustryReal Estate Rental, Development & Operations
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
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not yet scored
Valuation
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valuation pending
Analysts
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not yet wired
Ownership
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not yet wired
Profitability→
29,7 %
return on equity
Quality
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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 6186.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 6186.TWO. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Shin Ruenn Development Co Ltd (6186.TWO) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Thailand and is primarily listed on the Taiwan Premium Board (TPEx). Specific details regarding operating segments and geographic revenue mix are not disclosed in the available data.

    Classification92 %
    SectorReal Estate
    IndustryReal Estate Rental, Development & Operations
    AI synthesis
    GENERATED

    Shin Ruenn Development Co Ltd maintains a capital structure with a debt-to-equity ratio of 1.56, indicating a moderate reliance on debt financing. The company's liquidity position is characterized by a current ratio of 1.57, suggesting it can cover its short-term obligations with its current assets. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

    In terms of profitability, the company's return on equity (ROE) is 29.69%, which is a strong indicator of efficient use of shareholders' equity to generate profits. The return on assets (ROA) is 8.98%, reflecting the company's ability to generate earnings from its total asset base. These metrics are in line with the industry's preferred metrics for real estate development and operations, which emphasize asset efficiency and return generation.

    The company's revenue is primarily concentrated in its core real estate development and operations business, with no disclosed segments or geographic breakdowns provided in the available data. This lack of diversification may expose the company to risks associated with market fluctuations in the real estate sector.

    Looking at the company's growth trajectory, there are no specific numeric deltas or revenue history provided in the available data to assess the direction of growth for the current or next fiscal year. However, the company's capital expenditure is relatively low at -9.93 million TWD, suggesting a conservative approach to reinvestment.

    The risk assessment for Shin Ruenn Development Co Ltd indicates a medium level of liquidity risk and a low level of dilution risk. The company's free cash flow of 1.27 billion TWD and operating cash flow of 2.80 billion TWD provide some cushion against short-term financial pressures. However, the negative net cash position after subtracting total debt remains a concern.

    There are no recent events, filings, or transcripts provided in the available data to inform the company's current strategic direction or operational performance. The absence of such information limits the ability to assess the company's response to market conditions or regulatory changes.

    Key takeaways
    • Shin Ruenn Development Co Ltd has a strong return on equity (29.69%) and a moderate debt-to-equity ratio (1.56), indicating efficient use of equity and a balanced capital structure.
    • The company's liquidity position is moderate, with a current ratio of 1.57, but its net cash position is negative after subtracting total debt, signaling potential liquidity constraints.
    • The company's profitability metrics are in line with industry standards for real estate development and operations, emphasizing asset efficiency and return generation.
    • The company's capital expenditure is relatively low, suggesting a conservative approach to reinvestment and growth.
    • The risk assessment indicates a medium level of liquidity risk and a low level of dilution risk, with the company's free cash flow and operating cash flow providing some financial cushion.
    • There is a lack of recent events or filings to assess the company's strategic direction or response to market conditions.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $39,15
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
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    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    $5.13B
    Net cashⓘ
    -$7.39B
    Current ratioⓘ
    1.6
    Debt / equityⓘ
    1.6
    ROAⓘ
    9.0%
    ROEⓘ
    29.7%
    Cash conversionⓘ
    184.0%
    CapEx / revenueⓘ
    -0.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin19,5 %Above median
    Net Margin16,1 %Above median
    ROE29,7 %Best in class
    Capex / Rev-0,1 %Above P75
    D/E1,56Bottom quartile
    Cash Conv1,84Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Shin Ruenn Development Co Ltd Market data — financials · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    6186.TWOCanonical
    TPEx · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage