Bangkok– All Inspire Development Public Company Limited or ALL is thrilled after its roadshow, which garnered significant interest from both institutional and retail investors, showcasing its strong potential and reinforcing its position as a leader in the real estate sector with Total Real Estate Solutions. The company is preparing to offer 150 million shares in an IPO at the end of April, with trading set to begin in May.

 

 

           Mr. Lek Sikharawit, Managing Director of Asia Plus Advisory Company Limited, as the financial advisor (FA) for All Inspire Development Public Company Limited (ALL), revealed that the recent roadshow held from April 1-4 attracted considerable interest from investors. This is due to ALL's commitment to developing quality housing in high-potential areas and near major public transport systems in Bangkok, such as BTS and MRT, providing convenient access to communities that truly meet lifestyle needs.

           Thanks to the company's strengths, every project by ALL has been backed by continuously growing sales, resulting in a strong financial position. This is evident from the company's performance from 2016 to 2018, where total revenue and net profit increased consistently, with total revenues of 420 million baht, 714 million baht, and 2.343 billion baht, respectively. During the same period, net profits were 11 million baht, 81 million baht, and 343 million baht, respectively. The company's growth rate clearly demonstrates its strong financial status, with the return on equity (ROE) increasing from 2.72% in 2016 to 54.50% in 2018, indicating excellent profitability and efficiency.

           The positive feedback from the presentation reflects investors' interest in the company's business, as well as their confidence in its fundamentals and the potential for strong future growth. This gives confidence that when the 150 million shares, representing 26.79% of the post-IPO shares with a par value of 1 baht each, are offered for subscription at the end of April, there will be a positive response from investors before ALL lists on the Market for Alternative Investment (mai) in May.
           "The recent roadshow was highly successful, as both institutional and retail investors showed great interest in attending the presentation. This is a positive trend, as the fundamental business data indicates continuous growth, resulting from strategic business planning that emphasizes developing real estate projects in areas along major public transport systems in Bangkok, such as BTS and MRT, and in high-potential locations. The projects are designed to be modern and unique, focusing on functionality, usable space, common areas, and a good environment, aiming for livability at affordable prices, as well as considering opportunities for investment in completed real estate projects from small developers. Currently, the company has projects targeting customer segments, and this strategy will position ALL as a leading real estate development company, ranking among the top 10 in the country, according to the company's vision. Therefore, these factors have attracted significant interest from investors," Mr. Lek stated.

 

           Meanwhile, Mr. Thanakorn Thanawirith, CEO of All Inspire Development Public Company Limited "ALL" stated that the positive response from institutional and retail investors following the recent presentation gives the company confidence that the upcoming IPO of 150 million shares will receive a good reception. This is because ALL has strengths as a leader in real estate that can meet diverse housing needs. This is evident from the group’s business in developing residential real estate projects, including low-rise and high-rise condominiums under the brands The Excel Rise and Impression, as well as townhomes under the brand The Vision, which are developed by the group itself and in joint ventures with three other companies: All Inspire - Hoosier Sukhumvit 50 Co., Ltd. (ALL Hoosiers) to develop The Excel Hideaway Sukhumvit 50, a low-rise condominium; AHJ Ekkamai Co., Ltd. (AHJ Ekkamai) to develop Impression Ekkamai, a high-rise condominium; and AG Thonglor 12 Co., Ltd. (AG Thonglor) to develop a high-rise condominium in Thonglor.

           Additionally, there are related businesses in real estate, including services as agents and brokers for selling real estate in international markets, operated under Thai D Real Estate Co., Ltd. (Thai D), investment and trading in completed real estate under the name "Rise Venture," operated under Rise Estate Co., Ltd. (RISE), and property management services for condominium juristic persons, operated under All Property Service Co., Ltd. (ALL Prop). Therefore, these factors further reinforce ALL's potential as a comprehensive real estate leader offering Total Real Estate Solutions.

           "ALL grows with a distinct style, emphasizing price, location, and design under the concept of 'Class of Living: A life of quality is a life you choose.' This makes every project of the company appealing to customers and investors. In 2018, the company generated total revenue of 2.343 billion baht, derived from real estate development business worth 1.978 billion baht, real estate brokerage business worth 204 million baht, and other income worth 161 million baht, accounting for 84%, 9%, and 7%, respectively. Additionally, the company has a backlog of sales awaiting revenue recognition from 11 projects as of the end of December 2018, valued at approximately 6.354 billion baht, which will gradually recognize revenue starting from 2019. Furthermore, there are plans to launch six new projects with a total project value of 18.25 billion baht, including three high-rise condominium projects located in Thonglor 12, Thonglor 16, and Impression Ekkamai, and three low-rise condominium projects located in Ladprao 62, 20 June Intersection 5, and Lasalle 83.

 

 

           However, the strategic business plan, combined with the continuous growth in operational performance and a strong financial position, further proves and reinforces ALL's potential to become a leading real estate development company in the country, expanding its business through the upcoming IPO and listing on the Market for Alternative Investment (mai). This will enable the company to break through limitations in accessing funding sources while building confidence among shareholders, investors, partners, and financial institutions to further develop new real estate projects in the future, according to ALL's policy of focusing on business expansion to create stable and sustainable operational results, which will enhance competitiveness and aim to provide good long-term returns to shareholders and investors who trust and believe in the company.

           "Currently, ALL has a registered capital of 560 million baht and has issued and fully paid-up capital of 410 million baht, equivalent to 410 million shares. The company intends to use the funds raised from this securities offering primarily for the development of real estate projects in various high-potential areas, while the remainder will be used to repay loans and as working capital for future operations," Mr. Thanakorn concluded.

 

Thank you for the information from www.allinspire.co.th