‘Diamond Products Public Company Limited or DRT’ forecasts a 5-6% growth in the construction materials market for 2024, driven by the expansion of infrastructure and improved purchasing power. This follows government initiatives to stimulate the economy and restore consumer confidence, highlighting the ‘Complete Beautiful Set’ strategy that emphasizes a diverse range of products suitable for constructing entire homes, alongside production efficiency to enhance competitive potential across all sales channels, aiming for a 5% growth this year.

Mr. Sathit Sudbanthad, CEO of Diamond Products Public Company Limited (DRT) stated that the overall construction materials market in 2024 is expected to grow by 5-6% compared to the previous year, influenced by national infrastructure investments and government economic stimulus measures. These include extending the reduced property transfer registration fee to 1% and the mortgage registration fee to 0.01% for another year. The injection of funds to stimulate purchasing power through the Easy e-Receipts program and the digital wallet initiative will create a more vibrant consumer purchasing atmosphere. Additionally, the anticipated gradual decrease in interest rates is expected to boost demand for housing and construction materials.

DRT will leverage its competitive advantages in brand recognition with ‘Diamond Products’ to drive the ‘Complete Beautiful Set’ strategy, aiming to diversify its product offerings for complete home construction to meet demand through extensive distribution channels. This includes targeting property development projects and modern retail construction material outlets, which are expanding by more than 20 locations to continuously meet consumer needs.

Furthermore, the company will focus on enhancing production efficiency to support marketing efforts by offering products alongside improved services, following the project to increase truss production capacity and the installation of concrete roof tile machinery, which will commence commercial operations in Q2 2024.

“This year, we have a positive outlook on the growth of the construction materials market, supported by a recovering economy. With DRT’s increasing competitive potential and effective management of machinery operation rates, we aim for a growth target of no less than 5% this year, reinforcing DRT as a strong fundamental stock that provides dividends for continuous investor returns,” Mr. Sathit concluded.