Reporters reported today (June 8, 2023) that the share price of Sansiri Public Company Limited or SIRI at 3:30 pm was 1.90 baht, plus 0.06 baht or 3.26%, the highest share price was 1.91 baht, the stock price was low. The highest 1.83 baht with a trading value of 399.28.45 million baht, while the share price is lower than book value by 2.87 baht.
Previously, Mr. Uthai Uthaisangsuk, SIRI’s Chief Operating Officer, revealed that the company is confident that profits in 2023 will grow 40-50% from the previous year with a net profit of 4,279.88 million baht according to the business plan. Due to continued sales growth in the first quarter of 2023 and during the months of April-May 2023, as well as the company still having transfers from luxury projects with high margins. and received good feedback during the last year Reinforcing the real leader in the Thai luxury market of the confidence in the Sansiri brand the quality of both projects Including an understanding of your identity and a true taste of living
The trend of increasing profit margin is a result of higher sales revenue from luxury projects that have been continuously transferred from the past year, such as Narasiri Krungthep Kreetha, worth 6,000 million baht, condominiums. XT Phayathai, the value of the project is 9,860 million baht, including revenue from new luxury projects. which is ready for launch and handover in 2023, namely Narasiri Phahon-Watcharaphon, Bukan, 3 new projects, Bukan Krungthep Kreetha, Bukan Pattanakarn and Bukan Mengjai, which are ready for completion and ready to’ w transfer in Q4/2023, including Including transfers of detached houses under the Setthasiri brand, also 10 new projects.
In addition, the company is also successful in the condo brand group with easy access to the new generation, such as The Move Bangna, The Move Bang Khae, D Condo Phana and Hey Hua Hin, while “NIA by Sansiri” ( nia by Sansiri ) is worth Project 1,300 million baht, a condominium from the One of a Kind Project series that brings together a unique brand and an excellent location. This clearly reflects the concept of the ‘One step closer’ project, just close… the advantage of being close to everywhere. So life is good in every aspect. Which is ready to launch, ready to sell, ready to transfer in this September It will also help to increase transfer amounts and higher profit. which, when combined with the proactive business plan to launch new projects this year that cover all areas of demand and boost business sales of Ysgol Satit Pattana. and realized an additional profit (after tax) in the last quarter of around 400-500 million baht, with an opportunity to earn additional profit from joint venture projects in the remaining quarters Therefore, the company’s net profit is expected to be 2023 will reach an all time high (New High) continuing from the previous year for sure.
“The growth rate of the business continues to increase. This is a result of the sales success of the response in the residential brand Sansiri which has gained the confidence of customers. Ongoing cost and expenditure control The aim is to control selling and administrative (S&A) costs at a level of no more than 18-19%, including efficient construction management. providing quality housing to customers As a result of these factors, the company is more efficient in making a profit and generating more potential revenue. Sansiri has the latest sales in the first 5 months of this year at 17,000 million baht, which will drive net profit in 2023 to grow to 40-50%,” said Uthai.
