Mr. Sudwin Panyawongkhanti, CFO of JenKongKlai Public Company Limited (mai: JPARK), revealed to Kaohoon that the company is in a progress of negotiation to close an investing deal on a hospital’s 5,000 spots parking building project in Khon Kaen. JPARK speculated that the deal would soon close under conditions that generate suitable return.
Previously, Mr. Santipol Jenwattanaphaisarn, CEO of JPARK, revealed to Kaohoon that the company is also closing the deal on a 3,000 spots parking building project in the Bangkok metropolitan area. JPARK speculated that the deal would close as soon as this year’s second quarter or as late as this third quarter.
Mr. Sudwin also stated that the 1Q25 performance trend is growing from the same period last year due to the full-quarter revenue recognition from the new parking lots last year. Meanwhile, the company is also expecting continuous growth from the previous quarter, generated from the expansion of new small and mid-size parking lots among parking service business (PS), parking management service business (PMS), and consultant and installation parking system business (CIPS).
JPARK plans a board of directors’ meeting on 13 May to approve the performance and disclosure of the 1Q25 financial statement.
As for this year’s overall performance, JPARK aims to raise its revenue by 30 – 40% from last year’s total revenue of THB 670 million, attributable to the revenue recognition from existing parking lots that continue generating high revenue. JPARK also plans to expand more parking space from last year’s 42,000 to 50,000 spots.
Furthermore, JPARK also sets a five year goal (from 2026 to 2030), pushing its revenue to constantly grow each year, aligned with the expansion of parking lots for 100 thousand cars total, including normal, hybrid and electric vehicles. This goal will apply through small, medium, and large projects on high potential land, with a new income base generated from the increased efficiency of technology or related factors.
