Stock dimension – JR Lap full of cash Ready to move forward with bidding for work, expecting Q1-Q2 next year to win additional work of 400-500 million baht.
JR or J.R.W. Utilities Public Company Limited by Mr. Charan Wiwatjesadawut The Chief Executive Officer revealed that the overall business outlook for 2023 has a good trend. From the clarity of public and private investment and is confident that the situation will be good until 2024 and is ready to continuously bid for new work during Q1-Q2/67. It is expected that there will be turn-key work to install electrical and IT systems of approximately 400-500 million baht.
In the first half of the year, an additional 400-500 million baht of work was won.
The company has a backlog of 9.96 billion baht on hand and will gradually recognize revenue over the next 3-5 years during the implementation of the said project. The strategy has been adjusted to focus on short-term work of 1-2 years in order to recognize income faster. It is risk management during long-term operations. And when the long-term work is completed, the company will realize a leap in revenue.
Adjust strategy to focus on short-term work and keep the money.
Currently, many construction operators have financial problems, but JR has a strong financial position. and in various projects Relying on the company’s cash flow without using any loans from financial institutions. As a result, it will not be affected if there is a financial crisis in the future.
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2023-12-17 12:53:52
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