CPANEL has announced a vibrant outlook for Q3/64, with significant customer interest leading to a queue for large orders of Precast Concrete products. As the year approaches its end, the company is poised to sign contracts for four projects worth over 190 million baht, while continuing negotiations for new projects. They aim to reduce their debt-to-equity ratio and target a revenue growth of no less than 30% this year.

Mr. Chakrit Teepakornsukasem, Managing Director of CPANEL Public Company Limited, a manufacturer and distributor of fully automated precast concrete products for real estate construction projects, revealed that the overall business outlook for Q3/64 is bustling with increased customer interest.

Looking ahead to Q4/64, the company is awaiting the signing of contracts for four projects totaling over 190 million baht, with a backlog of 1,156.03 million baht as of June 30, 64, and expected revenue recognition of 228.56 million baht this year. The company continues to actively negotiate new projects in both horizontal and vertical construction.

Additionally, the company plans to use funds to pay off debts to financial institutions, which will lead to a reduction in their debt-to-equity ratio. They are targeting a revenue growth of no less than 30% this year.

“The business direction for the second half of the year is expected to be better than the first half of 64, as real estate developers are returning to normal operations and accelerating project deliveries in Q4/64, resulting in increased demand for Precast Concrete products. Furthermore, our listing on the mai stock exchange has enhanced our visibility and provided ongoing opportunities for new projects,” Mr. Chakrit stated.