Univenture Public Company Limited (UV) has announced that it aims to achieve a primary revenue of 6 billion baht for the fiscal year 2020 (from October 1, 2019, to September 30, 2020). The company plans to launch over 7 new projects this year and is studying new promising businesses to adjust its investment portfolio for sustainable growth.

Mr. Worawat Srisuan, Managing Director of Univenture Public Company Limited, stated that for the fiscal year 2020, the company targets a primary revenue of 6 billion baht (excluding new businesses currently under study). The plan includes launching 7 new projects from Grand Unity Development Co., Ltd. (GRAND UNITY) with a project value of over 16.925 billion baht, as well as the development plan for Modena by Fraser Buriram in phase 2, by LRK Development Co., Ltd., on an area of over 2.8 rai, with a project value of 140 million baht to expand catering capacity to accommodate 800-1,000 people, following a continuous and satisfactory revenue growth.

Currently, the company is preparing to utilize funds from the sale of GOLD shares, approximately 5.3 billion baht (after paying dividends of 1.912 billion baht), to invest in new potential businesses, such as the development of an office building project in Thonglor, which is a prime location on Sukhumvit Road with both road and skytrain access to the business center of Bangkok. Additionally, the company is studying businesses with growth potential and creating business returns, focusing on the promising business sectors of 2020, such as energy and utilities, transportation, and logistics, to strengthen the company for sustainable growth. This is part of the company's portfolio adjustment to balance its revenue structure, aiming for 50% from real estate and 50% from other businesses within 5 years, according to its diversification and opportunistic investment strategy.

The company is also focused on strengthening its overall structure for organizational development and sustainable growth by intensifying the implementation of its corporate strategy across all 5 sectors, ensuring clear and continuous tangible results, whether through optimization of diversity to enhance efficiency or diversification into new business investments beyond real estate for appropriate returns.

We are also focusing on the entire supply chain to enhance and strengthen the organization and business operations while analyzing and seeking the right opportunities throughout the investment journey based on the critical criteria of selecting businesses to invest in and the appropriate investment timeline, alongside synergy to leverage businesses related to existing operations. Most importantly, we are driving opportunities and are ready to seize new tangible opportunities, such as investing in Stonehenge Inter Public Company Limited (STI), which has shown satisfactory operational performance with continuous growth in revenue recognition, increasing by approximately 10% per year, while considering investments in new businesses within promising sectors to balance the investment portfolio with the target ratio of real estate and other businesses within 5 years,” Mr. Worawat stated.

Mr. Worawat also discussed the performance for the first quarter of 2020 (October 1, 2019 – December 31, 2019), stating that the company had total revenue of 1.133 billion baht, with revenue from real estate for sale at 670 million baht, accounting for 59% of total revenue, revenue from rental properties and hotels at 57 million baht, accounting for 5% of total revenue, and revenue from non-real estate businesses at 406 million baht, accounting for 36% of total revenue, with a net profit attributable to the company of 35.3 million baht.