{"id":145723,"date":"2019-05-02T12:21:58","date_gmt":"2019-05-02T05:21:58","guid":{"rendered":"https:\/\/propholic.com\/prop-now\/%e0%b9%82%e0%b8%99%e0%b9%80%e0%b8%9a%e0%b8%b4%e0%b8%a5%e0%b9%80%e0%b8%9c%e0%b8%a2%e0%b8%81%e0%b8%a5%e0%b8%a2%e0%b8%b8%e0%b8%97%e0%b8%98%e0%b9%8c%e0%b9%83%e0%b8%ab%e0%b8%a1%e0%b9%88%e0%b9%80%e0%b8%9e\/"},"modified":"2019-05-02T12:24:42","modified_gmt":"2019-05-02T05:24:42","slug":"%e0%b9%82%e0%b8%99%e0%b9%80%e0%b8%9a%e0%b8%b4%e0%b8%a5%e0%b9%80%e0%b8%9c%e0%b8%a2%e0%b8%81%e0%b8%a5%e0%b8%a2%e0%b8%b8%e0%b8%97%e0%b8%98%e0%b9%8c%e0%b9%83%e0%b8%ab%e0%b8%a1%e0%b9%88%e0%b9%80%e0%b8%9e","status":"publish","type":"prop-now","link":"https:\/\/propholic.com\/en\/prop-now\/%e0%b9%82%e0%b8%99%e0%b9%80%e0%b8%9a%e0%b8%b4%e0%b8%a5%e0%b9%80%e0%b8%9c%e0%b8%a2%e0%b8%81%e0%b8%a5%e0%b8%a2%e0%b8%b8%e0%b8%97%e0%b8%98%e0%b9%8c%e0%b9%83%e0%b8%ab%e0%b8%a1%e0%b9%88%e0%b9%80%e0%b8%9e\/","title":{"rendered":"Noble unveils new strategy for growth Aims to achieve 3-year sales revenue of Bt30 billion"},"author":1,"template":"","tags":[5336,5337,4020],"acf":{"banner_images":{"ID":145712,"id":145712,"title":"banner","filename":"banner-1.jpg","url":"https:\/\/propholic.com\/wp-content\/uploads\/2019\/05\/banner-1.jpg","alt":"","author":"73","description":"","caption":"","name":"banner-1466","date":"2019-05-02 05:20:23","modified":"2019-05-02 05:20:23","mime_type":"image\/jpeg","type":"image","icon":"https:\/\/propholic.com\/wp-includes\/images\/media\/default.png","width":1350,"height":440,"sizes":{"thumbnail":"https:\/\/propholic.com\/wp-content\/uploads\/2019\/05\/banner-1-150x150.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/propholic.com\/wp-content\/uploads\/2019\/05\/banner-1-300x98.jpg","medium-width":300,"medium-height":98,"medium_large":"https:\/\/propholic.com\/wp-content\/uploads\/2019\/05\/banner-1-768x250.jpg","medium_large-width":640,"medium_large-height":208,"large":"https:\/\/propholic.com\/wp-content\/uploads\/2019\/05\/banner-1-1024x334.jpg","large-width":640,"large-height":209,"1536x1536":"https:\/\/propholic.com\/wp-content\/uploads\/2019\/05\/banner-1.jpg","1536x1536-width":1350,"1536x1536-height":440,"2048x2048":"https:\/\/propholic.com\/wp-content\/uploads\/2019\/05\/banner-1.jpg","2048x2048-width":1350,"2048x2048-height":440}},"show_banner_in_homepage":false,"content":"
Noble Development\u2019s new management team announced strong 2018 results of THB 2.16 earnings per share, which is the third highest in the Company\u2019s history with industry leading net margins of 19.2%.\u00a0 Pre-sales of upcoming projects increased by 148% in 2018. Thongchai Busrapan, Chairman, Co-CEO and President, Noble Development Plc, said: \u201cThe Company\u2019s 2018 results have created a solid basis on which the new management team can build upon.\u00a0 Our new three-year strategy will leverage on this foundation to achieve a quantum leap in performance.\u201d<\/p>\n
<\/a><\/p>\n The Company\u2019s new strategy aims to achieve several key benchmarks:\u00a0 Total revenues to exceed Bt30 billion over the period; doubling of Company\u2019s RoE to 30%, whilst maintain the Company\u2019s Debt to Equity ratio of 1.5x.\u00a0 This is expected to be achieved through several initiatives \u2013 monetizing the Company\u2019s completed residential and commercial inventory, re-alignment of the product mix to target growth segments, optimizing the current land bank and a relentless focus on pre-sales to build strong revenue pipeline.<\/p>\n","content_2":" Frank Leung, Vice Chairman and Co-CEO, said: \u201cThe Company currently has over THB 6BB in completed stock and over 2.5BB in commercial assets which is booked at substantial discounts to market.\u00a0 Monetizing this stock will unlock immediate cashflow as well as significant profits for the Company.\u201d<\/p>\n