Tuesday, February 25, 2020

WHA Group aims for 70% growth in 2019

Jan 30. 2019
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By The Nation

WHA Group is aiming for “exponential growth” in its four business hubs, with revenue and profit share expected to increase by more than 70 per cent.

Its logistics unit will add 200,000 square metres to its facilities and raise an additional Bt5.75 million via REITs.

Its industrial development unit aims to sell 1,600 rai, its utilities and power wing to sell and manage 120 million cubic metres of water and install 570 power-equity megawatts, and its digital platform unit is on path to complete digitising of all the group’s estates.

WHA chairman and chief executive Jareeporn Jarukornsakul said the firm planned to deliver even higher growth in 2019. 

“We remain optimistic despite a possible global economic slowdown,” she said. “Indeed, some of the key macro risks could result in opportunities for us. Specifically, the China-US trade tensions may have a positive effect on our businesses due to the diversion of trade and investment to Thailand and Vietnam for some industries like automotive, electronics, machinery and equipment. 

“In fact, a recent surge of Chinese investments and inquiries have already been observed in our estates.”

WHA Group’s strategic directions will focus on raising the bar for its core businesses, further embracing innovation and smart technologies and continued development of collaborations with industry leaders.

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