"Singha Estate"

The company returns to profit-making for the first time after five-consecutive loss-making quarters, pushing the second half results to surpass the full-year target, driven by 4 businesses across the portfolio together with the new housing project.

(PR News) SHR reveals strong business recovery with the total revenue in the first quarter of 2022 (Q1/2022) at Bt. 1.69 billion. The growth momentum is expected to continue to improve quarter-on-quarter towards 2022 on the back of the relaxation of travel policy across the world, brought up the estimated 2022 revenue to hit Bt. 8.50 billion or doubling the YoY growth.

S Hotels & Resorts Plc (SHR), Singha Estate Pcl’s hospitality arm, expects growth to hit a record-high revenue of THB8.5 billion in 2022, nearly doubling year on year, from THB4.5 billion in 2021.

Singha Estate Plc on Monday unveiled the company’s ambitious 2022 business direction, aiming to nearly double year-on-year (YoY) growth to a new high of 13.4 billion baht. The company aims to achieve this through well-diversified portfolios, as well as collaborating with strategic partners to strengthen its four core businesses.

Singha Estate Pcl reported an 18 per cent increase in revenue year on year amid the Covid-19 pandemic, and a spectacular turnaround in results year on year in the fourth quarter.

Singha Estate’s decision to diversify has helped it tackle the Covid-19 crisis successfully over the past two years and has given it enough reason to expect its hotels to make a profit in 2022.

Singha Estate reveals Q3/2021 performance with 2,127-million-baht revenue, increased 20% from last year backed by the performance of United Kingdom hotel portfolio. Announces successfully Sold Out of Santiburi the Residences, the Ultra-luxury Housing Segment.

Almost 70 per cent of power output pre-sold

A group of Nirvana Daii (NVD) shareholders led by Sornsak Somwattana on Wednesday confirmed they had purchased Singha Estate’s entire shareholding in NVD of 711,855,320 shares, or 51.56 per cent of the total stock of NVD, at Bt2.52 per share.

Singha Estate plans to work with over 100 agencies to sell condos to foreigners, aiming to achieve sales of 70 per cent of units by year-end.

Property giant Singha Estate said it will continue with plans to invest Bt68 billion under its five-year business plan (2020-2024) despite market challenges in the second half of 2020 from the Covid-19 crisis.

Insisting that global and domestic economic uncertainties will not slow its ambitions, Singha Estate Public Co Ltd plans to double its investment in the hotel trade over another five years, adding 8,000 rooms at 80 hotels around the world.