CPANEL has revealed its business direction for the second half of 2022, expecting good growth with a 5-10% increase in production capacity to accommodate new projects. The company is confident it will achieve a new revenue high of 400 million baht, growing no less than 25%, while also enhancing profitability. The overall real estate market is recovering, leading to increased demand for precast products, with a backlog of 1,172.40 million baht.

Mr. Chakrit Tipakornsukasem, Managing Director of CPANEL Public Company Limited, a manufacturer and distributor of precast concrete products using fully automated systems for real estate construction projects, stated that the business outlook for the second half of 2022 is expected to grow better than the first half due to improved production efficiency and a focus on profitability, continuously reducing costs and controlling expenses.

In the second half of the year, the company will increase its production capacity by 5-10% through machinery upgrades, which will create more opportunities for new projects and enable faster delivery to various projects. It is anticipated that the company's performance this year will achieve a continuous new high, with revenue growth of no less than 25%, or approximately 400 million baht.

The overall real estate market in the second half is expected to recover, driven by the number of new housing developments in the Bangkok Metropolitan Region (BMR) and surrounding areas, as well as the value of home transfers, which are projected to continue growing. Factors supporting this include the reopening of the country, the easing of Loan-to-Value (LTV) restrictions, and reduced transaction fees for residential purchases, which stimulate purchasing power. However, there are still risks such as labor shortages, inflation, and interest rate adjustments that real estate developers must closely monitor,” Mr. Chakrit stated.

Nevertheless, these risk factors have led to an accelerated demand for precast concrete products, as real estate developers need to reduce construction costs, minimize labor, manage risks, and shorten construction times to reduce inventory, presenting an opportunity for the company.

Currently, there are several clients interested in using precast concrete, with a backlog valued at approximately 1,172.40 million baht, expected to generate revenue within three years. The company's revenue is divided into 90% from horizontal projects and 10% from vertical projects.