Kettiwit Mr Sitti Sunthornwong CEO of Leo Global Logistics Public Company Limited (LEO) disclosed the progress of joint venture (JV) projects which are in the process of negotiations with 2-3 other companies inside and outside the market stock, including M&A with companies in the stock market. logistics business In Cambodia, Canada, Belgium, Singapore and China, it is expected to end in the first or second quarter of 2023, where these companies will have a total revenue of about 300-400 million baht and are expected to start recognizing revenue from various projects. these within the third quarter of 2023 at the latest
Trends in 2013, the company is confident that it will be a year of leapfrogging growth. Because it will start recognizing revenue from new JV and M&A projects happening this year and many other projects next year. and aims to expand non-Transportation and non-Logistics businesses with an initial rate of 30-50%, such as a joint venture with ADVANTIS FREIGHT (PVT) LIMITED, a regional player in Asia Establishing a new company to operate the Logistics and Distribution Center business.
and invested jointly with SK Asset Management Company Limited (SK Asset Management Company Limited.), a subsidiary of SENA Development Public Company Limited (SENA), to establish a new joint venture company to implement the 3rd Self- Storage to provide storage space for rent. and developing a warehouse business and providing integrated logistics services (Self-Storage Project, Warehouse and Integrated Logistics Services) to further expand the Company’s Self-Storage and Warehouse business.
It will also establish a new company together with Sahathai Terminal Public Company Limited (PORT) to operate a cold chain logistics center business and provide comprehensive Logistics business services
Regarding the 2022 performance forecast, he is confident that he has the opportunity to reach a new record for the third consecutive year since the company was listed on the stock exchange after the first 9 months with a total revenue of 4,009.5 million baht , an increase of 89% from the same period last year And it has a net profit of 297.1 million baht, an increase of 144%, which is more profit than the full year profit of 2021
The supporting factor is the increase in the volume of freight by sea, air and rail. along with the company Started to recognize more income from the Self Storage business after the COVID-19 situation subsided. home repair customers Including general customers who bring back personal items and collectables to use more services
In addition, the company opened a second LEO Self Storage # Chinatown branch, the first flagship store in Thailand. which is an important commercial and residential source in the middle of Charoen Krung Road On an area of more than 2,000 square meters, it was officially launched last October. and has consistently recognized income And there are plans to open a 4th Self Storage and 2nd Container Yard in 2023.
Rail transport services are also being developed. From the People’s Republic of China (Kunming) – Lao People’s Democratic Republic (Vientiane) – Thailand, together with Bao Thai Index Associate Co., Ltd. and Sri Trang Logistics Co., Ltd., and can make cooperation in the development of rail freight with China Post and Tengjun providing services covering more rail transport to China In addition, the company also established Leo Sourcing & Supply Chain to act as a One Stop Service Provider? for e-commerce entrepreneurs to be able to import and export products from China as well as deliver products to destinations around the world
The company is confident that in the year 2023 it will generate income from rail transport to China at least 200 million baht and will continue to grow in the future. And the company will earn income from the Sourcing and Supply Chain business which has signed a contract to be a supplier of products from Thailand to sell to China Post and Tengjun e-Commerce Platform in China, including importing products from China to be sold in Thailand The company expects to generate income in this section of no less than 50 million baht in 2023 and will grow to 100-120 million per year from 2024.
“Trends for this year’s performance Expected to grow exponentially compared to last year After the company proceeded in accordance with the plan and strategy set earlier Although the world freight rate situation -wide has continued to fall. But with the ability to manage strategically with a variety of services and customer groups. It has a large number of shipping lines and airline partners and an Overseas Network located around the world. This enables the company to maintain the gross profit the company gets from management fees and comprehensive services at a good level.
And most recently, the company has teamed up with Sukruthai Community Enterprise, Safe Agriculture, Uthai Thani Province, and Canbiz Company Limited, Tak Province, to study and develop the cannabis economic plant business. Comprehensive commercial distribution For the medical-cosmetics-health food industry, LEO has imported hemp seeds and hemp seeds for legal operators. Submitted to Sukruthai Agricultural Security Initiative To breed seedlings and propagate the marijuana mother plant with quality on the plantations of Canbiz Co, Ltd in order to produce products that meet the needs of buyers in the market. which is a potential plantation area Increased cultivation of hemp crops Can also be developed into a learning center for hemp and marijuana. which brings the most benefit in terms of academic and vocational practices of farmers Including studying and finding ways to develop cannabis and hemp businesses as one of the NON-LOGISTICS businesses from LEO and will help build and drive performance in the year 2013 to leap forward.
