Briefs

PTG Energy on December 28 filed for an initial public offering of 420 million new shares to the Securities and Exchange Commission.
CEO Pitak Ratchkijprakarn said in a press release yesterday that the company aimed to launch the IPO in the first half of this year to finance the building of 130 PT gas stations this year and an average of 100 stations a year from 2014-18.
The company also plans to open about 20 branches of its own convenience store and coffee shop under its Pan Thai brand at its new service stations to balance its portfolio in the long term.
The IPO would represent 25.15 per cent of its registered capital of Bt1.67 billion.
The company earned Bt249.11 million in the first nine months of last year.

Sansiri eyes 30% revenue growth
based on high presales last year
Sansiri targets revenue rising 30 per cent to Bt36 billion this year thanks to its high presales of Bt42.1 billion last year.
“We will keep our presales growing 10-15 per cent this year,” president Srettha Thavisin said in a press release yesterday.
Half of its revenue target will come from presales last year and half from new residential projects to be launched this year.
Last year Sansiri’s presales were better than expected because of the introduction of 24 residential projects upcountry. Their presales of Bt21 billion were about half of the company’s total presales. They were also part of its 44 residential projects kicked off last year worth Bt57 billion.
The labour shortage will not hamper its expansion as the company runs a prefabrication plant that speeds up construction of a single family home by 75-90 days. This cuts the time for construction by more than half compared with the traditional process.
The plant can churn out 52,000 square metres or about 150 units a month.

Developers’ sentiment
highest in three yeras
The Housing Developer’s Sentiment Index in the last quarter of 2012 improved to 56.8 points – the highest in three years – from 51.3 in the third quarter after developers posted high sales in 2012.
The survey covered 166 firms, of which 31 are listed on the Stock Exchange of Thailand and 135 are privately owned.
However, the wages of listed and non-listed companies are split 50:50, according to their recorded sales.
The Sentiment Index shows property firms’ confidence in the economy and demand for residential projects, while the Expectation Index, which edged up to 71 from 69.6, shows their confidence in the economy and property demand six months ahead.
However, listed developers were more confident in both the |current status and the future than non-listed companies. Listed companies dominate more than 70 per cent of the market.