MSN on September 11, 2017, 09:45:10 PM
Singha Estate Unveils Mega-Plans for “Property Development and Investment Holding Company” Investing a Whopping 50 Billion Baht by 2020
นายนริศ เชยกลิ่น ประธานเจ้าหน้าที่บริหาร บริษัท สิงห์เอสเตท จำกัด (มหาชน) ... Mr. Naris Cheyklin, Chief Executive Officer
นายเมธี วินิชบุตร ประธานเจ้าหน้าที่บริหารการเงิน บริษัท สิงห์เอสเตท จำกัด (มหาชน) Mr. Methee Vinichbutr, Chief Financial Officer, Singha EstBangkok (11 September 2017) – Singha Estate unveils colossal plans as a forefront “property development and investment holding company”, with an ambitious investment exceeding 50 billion baht by 2020.
According to Mr. Naris Cheyklin, Chief Executive Officer, Singha Estate Plc, the company has continued to gain domestic and international investors’confidence in the half-year growth of 81% in its YOY revenues. “During the last quarter of this year, we are taking earnest steps to launch four property projects in Thailand and one mega-project overseas, focusing on long term sustainable business growth,” revealed the CEO.
“The company is spearheading the next ambitious phase of its property businesses to embrace residential, hospitality, commercial, retail, and other new business sectors, aiming to yield sustainable growth and coordinated benefits to complement the value of synergy for the group.”
“The position as property development and investment holding company aspires to strengthening business operation performance , and expanding investments both in Thailand and overseas. We place great emphasis on business synergy and investment plans, the goal being to generate sustainable growth and capture business opportunities, while augmenting portfolio risk management,” highlighted Mr. Naris.
“The financial planning and acumen in business has attracted funds from both Thai and foreign individuals & financial institutions for a capital investment over 7.72 billion baht. The company’s operating results during the first quarter of 2017 shows an immense growth of 81% in its year-over-year revenues,” he added.
"Singha Estate’s business strategy aligns with the thriving residential, hospitality, office and retail segments in strategic locations. It essentially supports our vision to focus on business development integration and its synergistic effect, said the CEO. “As a premier lifestyle developer, we position our brand toward crafting idyllic settings for people to live, play, work, and shop, while tailoring our corporate strategies to the prevailing trend, and seamlessly delivering sustainable growth to all stakeholders.”
Mr. Naris further revealed that Singha Estate is focusing on five prime strategic locations for upcoming property development undertakings of upscale-luxury projects in Bangkok and overseas during the last quarter of this year.
“Our four domestic properties include luxurious residential projects – the ESSE @ Sukhumvit 36 and Santiburi The Residences. Furthermore, developed by Nivana-DAII Plc, the Super luxurious riverside condominium, Banyan Tree Residences and modern townhome project,Nirvana Define, located at KrungthepKreetha, are to highlight the key aspects of living solutions for upper-middle and high-end markets,” he disclosed.
Aiming to become a world-class property developer, Singha Estate is investing in a rich portfolio of premium mixed-use property development in The Maldives, featuring the Emboodhoo Lagoon project, a first ever integrated recreation destination, to capture growing demand of the upscale family market segment. “The outlay totals 11 billion baht encompassing total 9 island with strategic partnership with global hospitality and retail brands, which each of them, will bring unique offerings to the complete vacation fun-filled experiences.The first island developed under cooperation agreement with Hard Rock International Hotel Group, which will be the new DNA concept themed hotel ,” disclosed the CEO.
Mr. Naris said: “The five upscale property projects reiterate our corporate vision, business direction, and key strategic drivers to achieve sustainable growth.”
The company is made ready for its mega development projects with optimal corporate finance sourcing by raising capital shares and issuing convertible bonds valued at 7.72 billion baht, leading to an increase of public float from 24% to 38%. “We are proud to have earned the trust from the leading institutional domestic and overseas investors.”
Singha Estate’s new equity shares are being offered for private placement value 1,664 MB via such investment management leaders as BBL Asset Management, One Asset Management, and the world’s top-five investment firm, Franklin Templeton Investments. “Our convertible bonds valued at 6.056 billion baht have also received enthusiastic response from overseas institutional investors,” stated Mr. Naris.
Meanwhile, Singha Estate performance records a sales & service revenue at 2.23 billion baht, an 81% increase as compared to the corresponding YOY period at 1.229 billion baht. The earnings before interest, tax, depreciation, and amortization (EBITDA) during the first half of 2017 increased by 76% to 465 million baht, rising from 263 million baht, basis YOY comparison, according to Mr. Naris.
“The company is striding forward to be a local and international property development and investment holding company. Embracing key business units—hospitality, commercial and residential—which represent complementary projects. Fortifying the corporate base for continuous and sustainable business growth is therefore critical and represents a key corporate strategy for our competency building to tackle long-term investment challenges for business growth,” concluded Mr. Naris.
ABOUT SINGHA ESTATE COMPANY LIMITED
Singha Estate PLC. is a leading Thai real estate developer focusing on business expansion and investment via land purchases in high-potential locations and quality project development under the “Best in Class” concept - in tandem with investment, joint investment, and M&As of businesses or assets with high growth potential. The goal is to achieve its vision of becoming a premier lifestyle developer by crafting quality settings for people to live, play, work, and shop. Recent investments and business expansions have resulted in Singha Estate today commanding assets under the operation of the company itself, subsidiaries, and joint-venture companies in and outside of Thailand in three core businesses including Commercial, Residential and Hotel.
« Last Edit: September 11, 2017, 09:52:41 PM by MSN »
Logged