Singha Estate plans a five-year plan to invest 85 billion baht for investment. To create sustainable growth, 62 will be "Global Hold"
November 22, 61 – Mr. Narris Cheklin, Chief Executive Officer of Singha Estate PCL (S), announced his business direction in 2018 that the company continues to be a global holding company. Panay plans to run the new organization through an organization development strategy to be strong and sustainable. It aims to be a globally known global holding company. Invest in assets that generate good returns and potential for sustainable growth both domestically and internationally. Also develops quality projects under prestigious brands. Diversify the world's leading tourist destinations within the Smart M & A strategy.
At the same time, the company continues to emphasize its position as a global holding company whose aim is to establish Singha Estate as a leading and reliable brand. Premium quality and international standards. The company continues to develop on the basis of a sustainable global brand to create sustainable value for all its business partners and stakeholders. This company adjusts the organization to be able to look for new business opportunities. Create a streamlined organization.
The company also plans to develop a new business. New assets Value-added business continues to grow. Environmental Business However, with the philosophy of sustainable development, taking into account the interests of stakeholders. And a responsible business. The Concept of Balance of Coexistence. And to build knowledge through activities.
Project Development Plan next year. The company continues to invest in at least one apartment, while office and retail space. It is expected to begin construction and start another project at Sun Towers. In 2062, the company expects revenue of about 20,000 million baht, which is the income from the 10,000 million-baht housing project. However, for five years (2019-2023), the company has prepared 85,000 million bahts to develop quality projects across all business segments. Including investing in new businesses that can generate sustainable revenue for the company.
However, in 2019, the company will gradually recognize revenue from the transfer of completed residential projects. Including full recognition of revenue. Outrigger Hotel 6 hotels and began to recognize revenue from CROSTERDI Republic of Maldives. The overall vision for the year 2019 will be the year in which the company will grow at a high level and will be financially strong for its readiness to generate sustainable growth in the future.