Look at SIRI trend after transfer of homes, rise 28%, book profits, sell 500 million schools : PPTVHD36

“Sansiri” (SIRI), a real estate company in Thailand. Disclosure of household transfers in the first 4 months of 2023, an increase of 28%, reaching 9,200 million baht and bookkeeping profit from the sale of schools around 500 million baht Executives are confident that this year’s profit will be the highest in history

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Sansiri Public Company Limited or SIRI revealed that in the first four months of 2023, the company received transfers from all types of residential projects completed and delivered to customers of 9,200 million baht, an increase of 28% from the same period last year

Divided into transfers of ready-to-move-in condominium of 3,900 million baht, mainly from condominium transfers in XT Phayathai and XT Huai Khwang projects with high transfers. In terms of low projects, total transfers were 5,300 million baht from Narasiri Krungthep Kreetha and Burasiri Krungthep Kreetha projects.

Mr revealed Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Public Company Limited, that Sansiri’s profit trend in the first quarter is expected to grow higher than the same period last year. of ongoing transfer of Narasiri Krungthep Kreetha and Burasiri Krungthep Kreetha projects with high margins Including XT Phayathai condominium

In addition, there is also a boost from the sale of Satit Pattana School, resulting in an additional profit (after tax) of around 400-500 million baht, together with the business plan to launch new projects this year, which is expected to drive net profit in 2018. This 2023 will surely set a new record (New High) continuously.

Most recently, on May 2, 2023, SIRI’s stock price closed at 1.90 baht per share, the highest in almost two months and the value has increased by 18% since the end of March 2023.

Asia Plus Securities expects SIRI in the first quarter of 2023 to have a profit of 1.46 billion baht, an increase of 361% from the low base in the same period last year. This was driven by a record profit of about 500 million baht from the sale of Satit Pattana School and another 6.71 billion baht from the sale of real estate.

However, in the second quarter of 2023, Asia Plus Securities See that profits tend to be better. Or close to the 1st quarter of 2023 before accelerating in the 3rd quarter and peaking in the 4th quarter of 2023 according to the fulfillment of the company’s backlog (sales pending transfer revenue recognition).