SA Stock Defies Storm! 6-Month Revenue Surges 119.54% with High-Trend Returns
Siam Estate, a leading real estate company, has shown remarkable growth in its revenue and profits over the past six months. The company reported a revenue of 2,175.58 million baht, marking a significant increase of 119.54% compared to the same period last year. This surge in revenue can be attributed to the successful transfer of the Landmark @ MRTA Station project and the expansion of the hotel service business.
The company’s chairman, Mr. Kajornsit Singhsamut, expressed satisfaction with the financial performance of the group of companies in the second quarter of 2567, citing a total revenue of 1,001.21 million baht, a 99.11% increase from the previous year. The revenue was generated from property sales, services, and other sources, leading to a net profit of 70.76 million baht, a 91.56% increase from the same period last year.
In the first half of the year, Siam Estate reported a total revenue of 2,175.58 million baht, an increase of 1,184.59 million baht or 119.54% from the previous year. The company’s net profit for the period was 186.67 million baht, up by 75.65 million baht or 68.14% from the same period last year, with a substantial portion of the profit coming from the Landmark @ MRTA Station project.
The company’s revenue from service business saw a significant increase, accounting for 9.44% of the total revenue in the second quarter of 2567. This growth is attributed to the successful hotel business operations, with revenue from hotel services contributing to 8.44% of the total revenue in the first half of the year.
Mr. Kajornsit Singhsamut highlighted the strong performance of the company, stating that the revenue from the real estate business met expectations and the service business revenue increased as part of the company’s strategy to balance income streams. He emphasized the importance of adjusting the business model to manage risks effectively and ensure sustainable growth.
Looking ahead, Siam Estate anticipates continued growth in the second half of the year, with revenue expected to increase from the transfer of branded residences to both Thai and international customers. The company’s high-rise projects remain popular among foreigners and Thai residents with a lifestyle preference for branded residences. Additionally, the company plans to gradually transfer flat projects such as Siamese Blossom Phaholyothin-Vibhavadi, townhomes, and Siamese Holm Phaholyothin-Vibhavadi, single-family homes near major roads and Future Park Rangsit.
Furthermore, Siam Estate plans to open a new hotel within the Landmark @ MRTA Station project in the fourth quarter of this year. The company aims to achieve a revenue growth of at least twice that of the previous year, with estimated earnings ranging from 5,000 to 6,000 million baht.
