Asset Wise Public Company Limited or <\/span>ASW <\/span>reported its performance for the first 9 months of 2022, generating total revenue of 3,935 <\/span><\/span> million baht and a net profit of <\/span><\/span>689 million baht, boasting a gross profit margin of 39% and a net profit margin of 18%. In Q4/2022, the company is preparing to transfer ownership of 3 major projects, both horizontal and vertical developments, worth a total of 4.29 billion baht. It has a backlog of over 12.935 billion baht and is set to launch a new project, “<\/span>KAVE<\/span><\/em> Uni.Verse,” a new campus condominium project valued at 520 million baht, continuing its expansion into the EEC area, anticipating a recovery in the real estate business and confident that sales and revenue this year will break records. <\/span> <\/p>

Mr. Kramchad Wiphanpong, Chief Executive Officer of Asset Wise Public Company Limited (ASW)<\/span><\/strong> <\/span>is a leading real estate development company focused on lifestyle under the concept “Happiness Designed for You” or “We Build Happiness.” He revealed that with strong business planning and the development of both high-rise and low-rise projects aimed at delivering projects that meet lifestyle needs, combined with marketing strategies that reach every generation, along with the continuously improving real estate business environment, the company has achieved significant success. In the first 9 months of 2022 (January-September), the company generated total revenue of over 3,935 million baht and a net profit of 689 million baht. This year, the plan includes launching 8 new projects with a total project value of 10.7 billion baht, ensuring that 2022 will be a record year in terms of sales (presales), which have already exceeded the target of 10 billion baht, and revenue is on track to meet the target of 6 billion baht. <\/span>

Currently, the company has a backlog of 12.935 million baht, which will gradually be recognized as revenue in Q4/2022, approximately 3.695 million baht from the transfer of ownership of 3 major projects, both horizontal and vertical, with a total project value of over 4.29 billion baht. This includes two large condominium projects: the Modiz Collection Bangpho project (โมดิซ คอลเลคชั่น บางโพ<\/em>) valued at over 1.2 billion baht, which has already sold over 50%, and the Kave Ava<\/span><\/em> project (เคฟ เอวา) valued at 2.38 billion baht, with 70% sold. Additionally, there is a new low-rise brand project, ESTA Rangsit-Klong 2 (เอสต้า รังสิต-คลอง 2), which is a single-family and twin-house project valued at 680 million baht that has recently launched and received a positive response, successfully closing sales in the first phase. Therefore, it is anticipated that in Q4/2022, the company will achieve its revenue targets easily. <\/span>

Regarding the real estate market outlook in Q4, it is expected to recover well due to positive signals from the return of tourists, which will help stimulate economic growth. This is complemented by measures to relax the supervision of housing loan criteria (LTV) and measures to reduce transfer and mortgage fees, which will be effective until the end of this year, positively impacting the decision to transfer ownership. <\/span>Recently, the company is ready to launch a new campus condominium project, KAVE Uni.Verse Bangsaen (เคฟ ยูนิเวิร์ส บางแสน), valued at 520 million baht, located near Burapha University in Bangsaen, to meet the demand for condominiums close to universities. This marks a continuous expansion into the EEC area, and it is expected to significantly increase the backlog for Q4. <\/span>

For the performance in Q3/2022, the company reported total revenue of 1,047 million baht and a net profit of 191 million baht. For the first 9 months of 2022, the company had total revenue of 3,935 million baht and a net profit of 689 million baht. However, the company maintains a gross profit margin of 39% and a net profit margin of 18%, which remains satisfactory compared to the average in the current real estate business. <\/span>

ASW operates in real estate development, focusing on high-rise and low-rise residential projects in prime locations under the concept “Happiness Designed for You” or “We Build Happiness.” Currently, it has developed over 45 condominium and housing projects under its brands designed to create happiness suitable for every lifestyle, including KAVE, ATMOZ, MODIZ, ESTA, and THE HONOR, with a total project value of over 48.05 billion baht. This includes 33 completed and ready-to-move-in projects and 12 projects currently on sale and under development. The current backlog is valued at over 12.935 billion baht. <\/span>