Praphansak Rakchaiwan, Managing Director of Lumpini Wisdom and Solutions Company Limited (LPN Wisdom), a
subsidiary of real estate research and development LPN Development Public Company Limited (LPN) revealed that
the property market will recover in the second half of the year 63 after the coronary epidemic in 2019 (Kovid-19).
The trend is resolved. And purchasing power for living is still in the market After real estate developers still have
the ability to make a profit (Net Profit Margin) at an average of 13.81% in the first quarter of 2020.
"Although 29 first quarter operating results of real estate companies listed on the Stock Exchange of Thailand will
have total revenue of 59,207.66 million baht, a decrease of 30.43% and a net profit of 8,176.88 million baht, down
40.68% when Compared to the first quarter of 2019, however, when comparing profitability Of real estate companies
that are listed on the Stock Exchange of Thailand Can still maintain an average profitability of 13.81%, which is still
considered high compared to other industries. " Said Praphansak Mr Praphansak said that aside from the profitability
that is still at a high level, Debt to equity ratio of real estate developers ending March 31, 2020, averaging less than
2: 1, reflecting the financial strength of real estate companies in the Stock Exchange of Thailand. This is different from the
economic crisis in 1997 where the ratio of debt to capital of real estate companies in the system at that time was higher than
2: 1, resulting in business risks when faced with the economic downturn. The financial strength of the said property developer
Therefore, despite the economic contraction, LPN Wisdom estimates that this year the Thai economy will be around 5-7% negative,
in line with the Thai economic forecast will be at 5-6% of the National Economic and Social Development Board. Which will cause
the real estate business in year 63 to have a negative trend in the proportion of 15-20% compared to year 62
But LPN Wisdom is confident that the strong financial structure of real estate operators Especially companies that conduct business
with due regard to the environment, society, and corporate governance. (Environment, Social, Governance: ESG) in the Thailand
Sustainability Investment (THSI) list will be able to generate revenue, sales and maintain profitability. In times of economic slowdown
At the same time, the analysis of purchasing power in the first quarter of year 63, found that the demand for housing to continue to have
purchasing power, both horizontal and condominiums for living. The average revenue of property developers, on average, was 30.43% in
the first quarter, as a result of the inability to transfer housing to foreign buyers who were unable to transfer condominiums as planned,
resulting in From the spread of the Covid-19 virus And some are customers who buy for investment that slows investment during the economic
slowdown However, the trend of the epidemic of the Covid-19 virus In Thailand that has a tendency to unwind And is expected to be unlocked at
the end of 2Q20, causing LPN Wisdom to expect the real estate market to gradually recover in the 3rd and 4th quarters of the year. Real estate
operators are expected to launch new projects in the 3rd and 3rd quarters. 4 of the year after delaying the new project launch plan in the second
quarter of year 63 LPN Wisdom estimates that the number of new projects to be launched in year 2012 will be 50,000-55,000 units, valued at
175,000-190,000 million baht, or 50-55% decrease compared to the same period of the year 62 under the conditions that there is no second
outbreak of the Covid-19 virus. Mr Praphansak said that although the overall property market will recover in the second half of the year 63, due
to the amount of inventories and projects under development of real estate operators still have high value. Only 29 companies listed on the Stock
Exchange of Thailand have The amount of inventories and projects under development as of March 31, 2019 are as high as 576,406 million baht,
or an increase of 6.74% from the end of year 62, which requires a sale time of not less than 36 months. Will accelerate the sale of the
original project Instead of opening a new project However, there are some companies that are still launching new projects in certain locations with
high purchasing power. Especially low-rise projects for both detached houses and townhouses Which has high demand According to the behavior of
consumers that change according to the way of life in the new normal way (New Normal) that needs more space to meet the work at home (Work From Home)
that is becoming a new form of work After the outbreak of the Covid-19 virus, LPN Wisdom believes that work at home will continue, even
after the outbreak of the Covid-19 virus.
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Este post foi editado por mari kama em 28 de maio de 2020 04:48:34 ART"
