Stock Dimension – JR The lap is full of cash We are ready to go ahead with bidding for the work, and we expect the first quarter and second quarter of next year to win an additional 400-500 million baht in work.
JR or JRW Utilities Public Company Limited by Mr. Sharan Wiwatjisadaut CEO revealed that the overall business outlook for 2023 has a good trend. From the clarity of public and private investment, he is confident that the situation will be good until 2024 and is ready to continuously bid for new work during the first quarter of the second quarter of 2067. It is expected that there will be work ready to install electrical and IT systems worth about $400-500 million. pale.
In the first half of the year, an additional 400-500 million baht was won from the business.
The company has a backlog of 9.96 billion baht and will gradually generate revenue over the next 3-5 years while implementing the said project. The strategy was modified to focus on short-term work of one or two years in order to recognize income faster. It is risk management during long-term operations. When the long-term work is completed, the company will see a jump in revenue.
Adjust the strategy to focus on short-term work and keeping money.
Currently, many construction operators have financial problems, but JR has a strong financial position. 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 a financial crisis occurs in the future.
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