ALL Signals 2019 Revenue Will Make the Highest Record Since its Establishment

Tuesday 22 October 2019 11:10
ALL emphasizes its performance will make the highest record since the company's establishment with backlog on hands worth 11 billion baht to be gradually recognized over the next four years. As the property market in downtown areas with accessible and affordable prices continues to grow and truly enter the era of real demand, this makes every ALL project gets a good response from buyers. It is expected full-year 2019 sales will exceed 7 billion baht after the first nine-month sales almost reached the projection.

Mr. Thanakorn Thanawarith, Chief Executive Officer of All Inspire Development PCL. or ALL, revealed that the performance in 2019 has potential to grow beyond its revenue target of 4.5 billion baht, similarly to the sales, which will make the highest record since its establishment. The 2019 revenue is expected to more than double from last year's revenue of 2,342.97 million baht. First-half revenue in 2019 was recorded at 1,691.94 million baht, while the nine-month revenue has potential to grow further. Its nine-month financial statement will be released soon. Besides, the company put efforts to maintain its gross profit margin at around 36 - 37%, on par with the past year,

Currently, ALL has its backlog on hands worth 11 billion baht, which will gradually be realized revenue over the next 3 - 4 years. With this backlog, the company is confident in the future performance in the next three years from 2020 - 2022), which will have steady growth from the gradual realization of backlog. In the fourth quarter of 2019, its three condominium projects and one townhome project namely the 2-billion-baht The Excel Hideaway Sukhumvit 50, the 1.6-billion-baht The Excel Hideaway Sukhumvit 71, the 1.4-billion-baht The Vision Ladprao - Navamin, and the 2-billion-baht Impression Phuket will gradually transfer unit ownerships to buyers. These four projects have impressive sales and will give a boost to the revenue recognition from the unit ownership transfer in the last quarter.

Furthermore, Mr.Thanakorn noted that the overall proper market especially condominium has opportunity to grow during the year-end period because the fourth quarter is normally the high season of property business. Consumers will have higher purchasing power and the government has come up with good news that new measures to stimulate the property market will be approved soon. This good news has a psychological effect while the property market is entering the real-demand era and buyers are concerned to select housing that can truly serve their needs the most.

"Overall 2019, we will continue to have higher growth. We plan to launch sale of the new phase of The Vision Ladprao - Nawamin with 109 units on November 23, 2019, following the success of the first phase with the pre-sale of 100 units in one day. This reflects real demand of buyers for XL townhomes which have full function and affordable price. So, ALL will open the additional phase to serve the remaining demand. Interested people can register to receive special discount of 100,000 baht. The 1.4-billion-baht The Vision Ladprao - Nawamin project located on 33 rai of land in Soi Nawamin 85 and having 308 units targets first-time homebuyers and those having extended family," Mr. Thanakorn said.

Meanwhile, with plans to launch all of these projects, the presales in 2019 has chance to grow beyond the target of 7 billion baht and the nine-month presales (January - September 2019) were recorded almost 6.5 billion baht, almost achieving the 2019 Pre-sale target. Most of the presales can from the adjustment of strategic move to focus on condominium along the mass transit lines. ALL targets real demand buyers and first-time homebuyers at affordable prices. With all of these, ALL condominiums in all good locations get good response from potential buyers.