2024-03-13 10:44:00
“SCG JWD Logistics” aims for this year’s revenue to grow 12% from last year’s total income of 23,979 million baht because every business is bright. In addition, there are no special expenses from the merger. Revealed to move forward with 5-6 partner deals, expected to be concluded in 2025. Revealed to bring 4 warehouses to set up a real estate investment trust (REIT) with a size not exceeding 4,000 million baht in the 2nd quarter, aiming to bring “Alpha Indult Real Solution ” will be listed on the stock exchange next year.
Mr. Ban Kasemsap, Co-Chief Executive Officer, SCG JWD Logistics Public Company Limited or SJWD, this year the company’s total investment budget this year is over 4,600 million baht in order to generate income growth of 12% from last year. before having a total income of 23,979 million baht, but if the income from all foreign investment companies is taken together Expected to grow at 18-19% and set a long-term goal for the market capitalization (Market Cap) to be 100,000 baht by 2027.
While the results of the first quarter of this year, the operating results continued to grow well from Because there are no additional expenses from the merger deal to become “SCG JWD Logistics” like last year. That cost is approximately 200 million baht. Moreover, this year the company will recognize profits from investments made in the past.
In addition, SJWD also has merger deals or additional investments as planned. There are currently 5-6 deals and they are investments with partners in Asian countries. Including Indonesia, the Philippines, Cambodia, Malaysia and Vietnam, although they are already investing with partners, they still want to invest more in many areas where they can go. It is expected that clarity will be seen no later than 2025 and will focus on investing in businesses that can expand with the company’s business both in Thailand and abroad. and the target will be the major shareholder
In addition, SJWD has plans to bring a total of 4 warehouses in the Rangsit, Laem Chabang, Bangna Km.22 and Bangna Km.19 areas. Total area of 200,000 square meters, sold as assets to set up a real estate investment trust (REIT) with a size not exceeding 4,000 million baht within the second quarter of this year. Also move forward and prepare to bring Alpha Industrial Solutions Company Limited. Listed on the stock exchange in 2025.
As for the strategy that SJWD will follow to achieve its goals, there are 3 parts: expanding and connecting the logistics network and supply chain at the regional level (Regional Connectivity & Expansion), strengthening and upgrading the business. “Cold Storage Warehouse” and “Automotive” (Strengthen & Scale up Cold Chain & Automative) and create new business opportunities (New Business Opportunities)
The first strategy, Regional Connectivity & Expansion, aims to increase the proportion of profits from abroad to 40% in 2077. In the past, it has expanded investment in the business of sea freight agents (Sea Freight), air freight agents (Air Freight) and into Invested in a major logistics and supply chain service company in Malaysia. To increase the potential of providing seamless transportation services in many forms. Covering land water and air in the ASEAN region and China
SJWD has acquired a 4.2% stake in Sino Logistics Corporation Public Company Limited (SINO), which has a total freight volume of 46,985 containers on all routes in 2023 and is number 1 in the volume of sea freight transport on the Thailand-US route. in Thailand and ranked 6th in the world.
Increased shareholding to 20.12% in Asia Network International Public Company Limited (ANI), which is a cargo sales representative for more than 20 airlines (GSA), covering 8 countries: Thailand, Singapore, Malaysia, Vietnam. , Cambodia, Myanmar, China and Hong Kong have a market share of more than 20% in 2023 and there are plans to expand the service network in other regions such as Europe, Australia, etc., which is expected to recognize a share of profits from ANI this year. Approximately 185 million baht and acquired 20.44% of shares in Swift Haulage Berhad (SWIFT), a company listed on the Malaysian stock market. that specializes in road transport and is the largest trailer truck (tractor) transport service provider in Malaysia. Helps increase the potential of providing cross-border shipping services on Thai routes.
– Malaysia – Singapore expects to recognize 55 million baht in investment profits this year, with the three companies having a combined income of more than 10 billion baht last year.
In addition, SJWD aims to increase its stake to 100% in SCG Inter Vietnam Co., Ltd. or SCG Inter Vietnam from SCG International Co., Ltd., which provides logistics services to Long Son Petrochemicals. The first integrated petrochemical project in Vietnam of SCG Chemicals Public Company Limited (SCGC) within the second quarter of this year to support comprehensive services.
Mr. Chavanin Bunditkritsada, Co-Chief Executive Officer of SJWD, mentioned the second strategy, which is “Strengthen & Scale up Cold Chain & Automative”. The company will use the strengths of end-to-end cold storage warehouse services. End and logistics services for pharmaceutical products covering the entire country in expanding the market to generate revenue growth of 10% from last year.
Currently, there are 6 cold storage warehouses open for service in Samut Sakhon, Bangna-Trad kilometers 17, 19, 22, Suwinthawong, and Saraburi. They can accommodate 135,000 tons of goods, with an average space occupancy rate of 74%, and there are plans to expand the cold storage warehouse. Another 5 locations can support another 34,000 tons of products, including (1) DC cold storage warehouse in Rangsit area, 2 buildings can support 23,000 tons of products (2) Chiang Mai branch. Can store 1,500 tons of products and (3) Khon Kaen branch can store 1,500 tons of products. (4) Saraburi Cold Storage Phase 2 can store 8,000 tons of products. In addition, it will include the FUZE POST network that provides temperature-controlled product delivery services. urgent To meet B2B2C market demand
Meanwhile, the “Automotive” business (vehicle storage and management service) targets revenue growth of 10% this year, in line with the electric car market that is gaining popularity. Currently, the company It is a major logistics service provider for electric cars and gasoline cars in Thailand. Holding a market share of 30-35%, with a total service area of more than 870,000 square meters, the company will bring expertise and knowledge from providing End-to-End solutions for imported electric vehicles, including spare parts. In addition, there are plans to bring the Automotive business model to service in Vietnam.
As for strategy number 3, “New Business Opportunities”, it will focus on 3 businesses: (1) a warehouse business with Built-to-Suit That was built according to the needs of the tenants under Alpha Industrial Solution Company Limited, which SJWD has a joint venture with Origin Property Public Company Limited (ORI). Currently, there are projects that are open for operation. There are already and are currently being developed a total of 9 locations, representing a total of more than 500,000 square meters of warehouse space for rent. There is also a plan to set up a warehouse REIT this year.
At the same time, it will expand its business to provide logistics services to the healthcare and pharmaceutical industries that have high growth potential. By preparing a warehouse in the Bangna area, km. 22, with an area of over 28,000 square meters to accommodate It will collaborate with leading partners in the medical device and pharmaceutical industry. and build on the company’s expertise Cold storage warehouse services It is expected to generate income for the company of 70 million baht this year.
In addition, it has set a target for revenue from the storage space business for rent under the brand “MeSpace Self Storage” of 112 million baht, growing 53% from the previous year, using its potential to be the number one storage space for rent business with 10 branches both In Bangkok and other provinces, a total area of 30,000 square meters, with Central Pattana Public Company Limited (CPN) as a strong partner, jointly expanding the business.
1710329716
#SJWD #rushes #close #deals #hopes #drive #revenue #growth #plans #set #REIT #year
