SET-listed developer SC Asset Corporation Plc wants to focus on stability rather than profitability and growth, aiming to maintain annual revenue of 17-19 billion baht in 2021-22.
Mr Nuttaphong says during the pandemic, homebuyers made fewer site visits and decided in one week.
Chief executive Nuttaphong Kunakornwong said the company expects flat growth the next two years because the global and domestic economies rely on two main engines: tourism and exports.
“Business is driven by these two engines. When they freeze, others will too,” he said. “The key is a reopening of each country so people can travel again. We expect a full recovery in mid-2022 to early 2023.”
While SC will not focus on growth, it will apply three key strategies for the next few years.
The most important for developers is to increase liquidity and keep the debt-to-equity (D/E) ratio low,…
