最新ニュース
Hemaraj AGM 2014: Full Year Dividend Record Baht 0.17, Expects 2nd Half 2014 Normalized Demand
29/04/2014
Bangkok, 29 April 2014 - Hemaraj Land And Development Public Company Limited today held its Shareholders’ Annual General Meeting (AGM) and presented its record operating and financial results for 2013: Total Revenue of Baht 8,769.6 million (37% increase over 2012) and Net Income of Baht 4,338.5 million (90% increase). The Meeting approved the record dividend for its full year 2013 of Baht 0.17 per share (The Company has earlier distributed the interim dividend of Baht 0.06 per share).
For 2014, Hemaraj announced that it is maintaining its industrial land sales target at 1,600 rai (640 acres or 256 hectares). Despite delays in BOI approvals and disruptions due to the political situation, Hemaraj is seeing an increase in industrial estate investment activities.
With a combined land area of 41,313 rai (16,525 acres or 6,610 hectares), Hemaraj’s industrial estates provide facilities and services to 620 distinct customers through 944 land or factory contracts, including 216 automotive customers with 331 automotive contracts, and 59 customers in the chemical/petrochemical industries. Altogether, this represents a total investment of more than USD 26 billion.
Keeping the positive dynamics, Hemaraj is currently completing Phase 6 of the Hemaraj Eastern Seaboard Industrial Estate (H-ESIE), representing 575 rai (230 acres or 92 hectares). It is also developing 632 rai (253 acres or 101 hectares) at the new Hemaraj Chonburi Industrial Estate 2 (HCIE 2).
These developments will enable Hemaraj to maintain its market leading position and competitive advantages in the market, underlined by the formation of industrial clusters in key industries such as Automotive, Petrochemical, Metal, Power, Electronics and others.
David Nardone, President & CEO of Hemaraj, said: “We remain confident in Thailand’s attractiveness as an industrial base, despite the current political issues, and welcome the resumption of the BOI’s approval process. For investors, decision-making criteria such as reasonable operating costs, good infrastructure, sound environmental and industrial estate planning remain valid. Our customers are looking at the long-term benefits of Thailand’s prominent position in the regional trading bloc.”
Bright Outlook for Ready-Built Factories and Logistic Warehouses
As part of Hemaraj’s strategy for more recurring revenues and better income predictability, ready-built factories (RBF), build to suit factories (BTS) and Hemaraj Logistics Park warehouses (HLP) for rent represent another important sector for expansion.
Offering flexible areas ranging from 450 square meters up to 10,000 square meters, ready-built factories represent over 657,663 square meters at Hemaraj’s diverse industrial estates. This includes 220 units or 507,546 square meters under Hemaraj, plus 104 units or 150,117 square meters under the Hemaraj Property Fund (HPF) launched in December 2013.
Logistics warehouses, with sizes ranging from 1,545 to 50,000 square meters, are available at four locations for a combined area of 180,000 square meters built to date. In 2014, projected net rental for ready-built factories and logistics parks are expected to increase by 70,000 square meters and 40,000 square meters respectively.
“With the growing demand for both ready-built factories and logistics parks, we see the expansion of these businesses to offer flexibility and to serve our customers’ requirements,” explained David Nardone.
Investment and Funding Plans
“Our 5-year Investment Plan (2012-2016), totaling Baht 40 billion is on track. We spent Baht 18 billion during the year 2012-2013 plus projected Baht 7 billion for the year 2014. The plan focuses on expanding our 4 main business lines: Industrial Estate Sales, Utilities, Power, and Property. This has benefitted the increased recurring revenue and predictability of our results.
As part of our long term funding program, we are launching another 10-year call option debenture of Baht 2,500 million with an interest rate of 5.75% per annum” he added.
Utilities and Power will Continue to Grow
With increased demand for industrial estate-related services from power plants, automotive, petrochemical and other industries, Industrial Estate Utilities’ annual growth is expected to reach 8% per year, projecting revenues of Baht 2 billion in 2015.
In Power, Gheco-One, a joint-venture between Hemaraj (35%) and Glow (65%) is now operating at full capacity, with an expected Hemaraj profit of Baht 1.2 billion per year from 2014-2016. Following its first SPP project (126 MW) with Gulf JP NLL, Hemaraj plans another seven SPP projects with a 25.01% equity option.
For 2014, Hemaraj announced that it is maintaining its industrial land sales target at 1,600 rai (640 acres or 256 hectares). Despite delays in BOI approvals and disruptions due to the political situation, Hemaraj is seeing an increase in industrial estate investment activities.
With a combined land area of 41,313 rai (16,525 acres or 6,610 hectares), Hemaraj’s industrial estates provide facilities and services to 620 distinct customers through 944 land or factory contracts, including 216 automotive customers with 331 automotive contracts, and 59 customers in the chemical/petrochemical industries. Altogether, this represents a total investment of more than USD 26 billion.
Keeping the positive dynamics, Hemaraj is currently completing Phase 6 of the Hemaraj Eastern Seaboard Industrial Estate (H-ESIE), representing 575 rai (230 acres or 92 hectares). It is also developing 632 rai (253 acres or 101 hectares) at the new Hemaraj Chonburi Industrial Estate 2 (HCIE 2).
These developments will enable Hemaraj to maintain its market leading position and competitive advantages in the market, underlined by the formation of industrial clusters in key industries such as Automotive, Petrochemical, Metal, Power, Electronics and others.
David Nardone, President & CEO of Hemaraj, said: “We remain confident in Thailand’s attractiveness as an industrial base, despite the current political issues, and welcome the resumption of the BOI’s approval process. For investors, decision-making criteria such as reasonable operating costs, good infrastructure, sound environmental and industrial estate planning remain valid. Our customers are looking at the long-term benefits of Thailand’s prominent position in the regional trading bloc.”
Bright Outlook for Ready-Built Factories and Logistic Warehouses
As part of Hemaraj’s strategy for more recurring revenues and better income predictability, ready-built factories (RBF), build to suit factories (BTS) and Hemaraj Logistics Park warehouses (HLP) for rent represent another important sector for expansion.
Offering flexible areas ranging from 450 square meters up to 10,000 square meters, ready-built factories represent over 657,663 square meters at Hemaraj’s diverse industrial estates. This includes 220 units or 507,546 square meters under Hemaraj, plus 104 units or 150,117 square meters under the Hemaraj Property Fund (HPF) launched in December 2013.
Logistics warehouses, with sizes ranging from 1,545 to 50,000 square meters, are available at four locations for a combined area of 180,000 square meters built to date. In 2014, projected net rental for ready-built factories and logistics parks are expected to increase by 70,000 square meters and 40,000 square meters respectively.
“With the growing demand for both ready-built factories and logistics parks, we see the expansion of these businesses to offer flexibility and to serve our customers’ requirements,” explained David Nardone.
Investment and Funding Plans
“Our 5-year Investment Plan (2012-2016), totaling Baht 40 billion is on track. We spent Baht 18 billion during the year 2012-2013 plus projected Baht 7 billion for the year 2014. The plan focuses on expanding our 4 main business lines: Industrial Estate Sales, Utilities, Power, and Property. This has benefitted the increased recurring revenue and predictability of our results.
As part of our long term funding program, we are launching another 10-year call option debenture of Baht 2,500 million with an interest rate of 5.75% per annum” he added.
Utilities and Power will Continue to Grow
With increased demand for industrial estate-related services from power plants, automotive, petrochemical and other industries, Industrial Estate Utilities’ annual growth is expected to reach 8% per year, projecting revenues of Baht 2 billion in 2015.
In Power, Gheco-One, a joint-venture between Hemaraj (35%) and Glow (65%) is now operating at full capacity, with an expected Hemaraj profit of Baht 1.2 billion per year from 2014-2016. Following its first SPP project (126 MW) with Gulf JP NLL, Hemaraj plans another seven SPP projects with a 25.01% equity option.