ALL confirms that the major shareholders, holding 73.21% of the shares, will not sell their shares. They believe the business has the potential for continuous growth. 'Thanakorn Thanawirith' asserts their commitment to work hard, aiming to be a growth stock with confidence in achieving 100% annual growth over the next three years, backed by a backlog worth 7.2 billion baht and over 12 billion baht in ready-to-sell products as of the end of Q1/2019. Additionally, they plan to launch new projects throughout the year.

            Mr. Thanakorn Thanawirith, CEO of All Inspire Development Public Company Limited (ALL), stated that the major shareholders from the 'Thanawirith' family, who collectively hold 73.21% of the shares, have no intention of selling their shares. The major shareholders are committed to working towards sustainable growth for the company and aim to be a fast-growing stock. After the company raised funds through its initial public offering (IPO), it has increased cash flow and liquidity for business expansion.

            “The major shareholders have no policy to sell shares and confirm that they will not sell shares because we believe the company has a continuous growth trend. We aim to grow at a 45-degree angle, with a projected growth rate of 100% per year over the next three years, based on our backlog. At the same time, we have ready-to-sell products and plans to continuously launch new projects. The fundraising in the stock market has improved our financial liquidity for better business expansion,” Mr. Thanakorn stated.

            As of April 2, 2019, the list of the four major shareholders in the Stock Exchange of Thailand (SET) includes: 1. Mr. Thanakorn Thanawirith holding 291,099,900 shares, representing 51.98%, 2. Ms. Chawana Thanawirith holding 78,720,000 shares, representing 14.06%, 3. Miss Sirikorn Thanawirith holding 20,090,000 shares, representing 3.59%, and 4. Miss Kotchapan Thanawirith holding 20,090,000 shares, representing 3.59%.

            The purpose of the company's listing on the stock exchange is to raise funds for business expansion, to ensure continuous growth, and to build credibility with all stakeholders, including customers and contractors. This will drive the company towards becoming a leading real estate development company, ranking among the top 10 in Thailand.

            The funds raised from the IPO amounting to 735 million baht will be used to repay bonds totaling 300 million baht, which will mature gradually from Q3/2019 to Q3/2020. Additionally, the Rise Rama 9 project, valued at 1.6 billion baht, will begin gradual handovers in Q2/2019, resulting in cash flow for repaying loans from financial institutions. However, the gradual debt repayment will significantly reduce the debt-to-equity (D/E) ratio and the interest-bearing debt to equity (IBD/E) ratio.

            Mr. Thanakorn further stated that the performance outlook for the next three years (2019-2021) will see a growth rate of 100% per year, driven by the gradual handover of backlog sales. The company also has ready-to-sell products and plans to launch new projects to support future growth. Currently, the company has a backlog valued at approximately 7.2 billion baht from 13 projects and has over 12 billion baht in ready-to-sell products, with about 40% of the stock expected to be recognized as revenue immediately after sale in 2019.

Moreover, in 2019, the company plans to launch a total of 6 new projects valued at 18.25 billion baht, aiming for presales of 70-80% of the project value. In the first four months (January-April) of this year, the company has already achieved sales of approximately 2 billion baht from existing projects and has unofficially opened sales for the Impression Ekkamai project, with confidence that sales will meet the company's targets for the year.

However, the performance outlook for Q2/2019, including sales, ownership transfers, and net profit, is expected to grow compared to the same period last year due to the gradual handover of backlog sales. In Q2/2019, two new projects will be completed: the Rise Rama 9 project valued at 1.6 billion baht and The Vision Ladprao-Nawamin project valued at 1.391 billion baht, which has already achieved over 400 million baht in sales and will begin handovers in June. Additionally, in Q2/2019, the company plans to launch new projects, which are expected to receive a positive response similar to previous launches. In July, the company will officially open sales for the Impression Ekkamai project, and in June, it will launch sales in the Sutthisan-Ladprao area.

 

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