Samart Corp aims to boost revenue from energy business
SAMART CORP will set up a coal-fired power plant in Cambodia and garbage-fuelled power plants in Thailand, including Buri Ram and Chiang Mai provinces, aiming to boost revenue from its energy business this year.
Company president Watchai Vilailuck said yesterday that Samart wanted to enhance its business in the energy sector this year and planned to list its utilities and transport arm, Samart U-Trans Co, on the Stock Exchange of Thailand within a few years.
The investment funds will come out of revenue from its air-traffic-control business and existing power-plant business in Cambodia, the issuance of new shares to existing shareholders, and from new partners.
Samart U-Trans subsidiaries include Cambodia Air Traffic Services, Kampot Power Plant, and Teda, a power-transmission-line installation firm.
Early this month Teda, of which Samart owns 80 per cent, signed a contract with the Electricity Generating Authority of Thailand for supplies and construction for the renovation of Surat Thani Substation.
Samart businesses range from mobile-phone sales to energy and information and communications technology (ICT). It has four listed companies, including Samart itself, Samart Telcoms, Samart i-Mobile, all on the main SET, and One To One Contacts on the Market for Alternative Investment.
The Samart group targets consolidated revenue this year of Bt30 billion, up by about 20 per cent from 2014, before rising to around Bt100 billion in 2020.
Of this year’s Bt30 billion, it expects Bt10 billion will be contributed by its ICT-solutions business, Bt13 billion from mobile handsets and multimedia content, and Bt7 billion from utilities, transport and related businesses. Last year, the utilities and transport business earned revenue of Bt3 billion. The ICT-solutions business led by Samart Telcoms has contracts worth Bt7.2 billion in hand. This year it targets revenue of Bt10 billion, up 40 per cent from 2014. It plans to bid for Bt20 billion worth of projects this year.
