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WHA believes the new government will continue to drive forward economic policies.

WHA believes the new government will continue to drive economic policies, attract foreign investors, and set a target for total revenue and profit sharing in 2024 of over 15 billion baht. It has adjusted its land sales estimate from the original target of 2,275 rai to 2,500 rai. Ms. Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group Chief Executive Officer of WHA Corporation Public Company Limited, said about the political situation that has occurred that in the past, every government has given importance to investment from foreign investors. The current political changes are positive in attracting investors. From asking most investors, they are not worried. As for the policy statement of the new government tomorrow (12 Sep 67), it will make the overall picture of the administration of the country clearer. She believes that the new government will continue the policies that are continuous from the previous government, including the digital wallet project and large-scale investments such as the land bridge. At the same time, the private sector hopes that after the policy statement, the disbursement of the 2024 budget will be accelerated, including the 2025 budget, which will generate money into the economic system. If the policy is continuous, it is believed that it will attract money from foreign investors and build confidence. For the first half of 2024, the total revenue was 7,273 million baht, an increase from the same period of the previous year at 5,689 million baht or an increase of 28%, with a net profit of 2,653 million baht, an increase from the same period of the previous year at a net profit of 1,389 million baht or an increase of 91%, with an EBITDA of 58%, the value of assets as of June 30, 2024 at 96,800 million baht. For the overall business direction in the fourth quarter and the second half of 2024, the company has set a target for total revenue and profit sharing of over 15 billion baht for the year, with an EBITDA margin of over 50%, aiming for an all-time high. The comp any's flagship business group is still the industrial estate business, which has adjusted its land sales estimate from the original target of 2,275 rai to 2,500 rai, and is currently developing 6 industrial estate projects, 4 of which are new development projects and 2 expansions of existing projects. In addition, there are large companies whose names cannot be disclosed at this time interested in investing in an additional 600 rai of industrial estates. As for the logistics business, the company has set a target for a total of over 200,000 square meters of new rental space. While the energy business moves forward to develop, increasing the electricity production capacity that has been signed to 1,000 megawatts, from 472 megawatts of clean energy, including expanding the clean energy business by opening electric vehicle charging stations, while also moving towards the digital business to become a technology company, generating income from the development of new digital platforms, with the development of impo rtant projects such as Mobilix, which is a platform used to manage electric vehicles and batteries, with a target to increase the number of electric vehicles and tractors for rent by 1,000 units by the end of this year. For the utility business (water), the target for water sales in 2024 is 178 million cubic meters. As for the electricity business, the target is to increase the accumulated electricity production capacity that has been signed to 1,000 megawatts, which will come from clean energy 472 megawatts, of which 283 megawatts will be solar rooftops. It will also introduce AI systems into the organization in more than 12 projects to make operations more efficient and reduce costs for the business. Source: Thai News Agency