CHEWATHAI 2021: A Year of Recovery and celebrating 13 years, with a chance to win 13 million. The goal is to become the number one choice for customers in terms of quality and after-sales service within 2 years for real estate companies with revenue below 5 billion baht. In 2021, while conducting real estate business, we will continue to maintain product quality, aiming for Zero Defect inspections for customers, from pre-sales service to after-sales service.

Chewathai's Strategies for 2021
1. Clear Inventory
2. Focus on Quality and After-Sales Service
3. Seek Joint Ventures
4. Reduce Project Loans: Zero Project Loan
5. Continuously Build the Brand

Chewa - Strengths
- Product: Zero Defect. For example, the inspection of units at Hallmark Ladprao-Chokchai 4 received a 90% acceptance rate from 168 units.
- Quality
- After Sales Service

In the low-rise segment, priced between 8-15 million baht, demand is still not saturated. However, there is a high demand for townhomes priced from 1 million to 3.5 million baht, but many buyers are unable to secure loans. Condominiums are selling steadily, especially in densely populated areas like Chokchai 4 and Kaset-Nawamin, but Thonglor has been quiet, primarily attracting real demand customers. There are not many investors left for Chewathai. It is expected that the condominium market will improve from mid-year to next year as various signals begin to show positive trends.

In 2021, the company launched the CHEWATHAI campaign to celebrate its 13th anniversary, offering a chance to win 13 million throughout the year. This campaign aims to reinforce success and provide gifts to customers who book and transfer projects under Chewathai from March to December 2021, with a chance to win savings accounts and Central vouchers worth over 13 million baht.

For 2021, the revenue target is set at 2.5 billion baht, growing from the 1.64 billion baht achieved in 2020. By the end of the year, the company had a backlog of 2.178 billion baht from new condominiums ready to recognize revenue, such as the Chewathai Residence Thonglor valued at 1 billion baht, with a backlog of 56%, and the Chewathai Hallmark Ladprao-Chokchai 4 Phase 1 valued at 1.1 billion baht, with a backlog of 60%. Additionally, there are other projects, both high-rise and low-rise, that will gradually transfer, with expected revenue recognition from the existing backlog this year at 1.611 billion baht.

In 2020, the company reported a net profit of 120.43 million baht, growing by 318.69% from a loss of 55.07 million baht in 2019, with total revenue of 1.64332 billion baht, a growth of 45.58% from 1.12881 billion baht in 2019. Meanwhile, during the board meeting on February 15, 2021, a resolution was made to pay a dividend of 0.0209 baht per share, which will be proposed at the annual general meeting of shareholders on April 1, 2021.

In 2021, plans are underway to purchase land for 3 projects valued at 2.83 billion baht: 2 condominium projects worth 1.23 billion baht and 1 single-family home project worth 1.6 billion baht under the Chewathai Home brand.