INVESTOR

Dear Shareholders, Stakeholders, and Partners,

As we reflect on the past year, PSGC has navigated challenges, achieved significant milestones, and laid a robust foundation for the future. In 2023, PSGC’s construction contracts remained on schedule adding to the Company’s profitability, in addition, the Company was able to secure a new construction project bringing the accumulated backlog to over 10,000 MB. These accomplishments have generated substantial revenue, positive cash flow, and profitability in a relatively short period of time providing a solid groundwork for PSGC’s continued journey.

Our commitment to progress is unwavering. On the corporate front, we have implemented progressive policies, enhancing employee compensation and benefits, fostering a competitive and well-rounded workforce. Initiatives to upskill our teams through training and recruitment of fresh talent are underway bringing in new perspectives and opportunities. Risk assessments and rigorous internal control policies have been updated, emphasizing our dedication to accountability and transparency.

Recognizing the evolving landscape, PSGC acknowledges the need for strategic shifts on the business front. While we continue to execute construction and engineering contracts, the changing landscape necessitates diversification in order to enhance shareholder value. The Company has built a well rounded business development team of analytical thinkers with experience in a wide range of industries, allowing the Company the ability to explore and assess a myriad of opportunities that will bring the highest returns to our shareholders. A strong business development team, coupled with the Company’s current stable cash position provides a firm foundation to take advantage of such opportunities. 

Diversification into Renewable Energy:

Building upon PSGC’s construction expertise, we have strategically expanded into promising new markets for long-term growth. Driven by the global imperative to transition towards cleaner energy sources, we explore diversification into renewable energy solutions. The Company has commissioned feasibility studies for solar power and pumped storage hydropower (PSH) projects in the Lao PDR to strategically position PSGC and enable it to capitalize on the growing demand for renewable energy integration and grid stabilization in the region, aligning with current ESG trends. Although PSH is still in the early stages of development for the CLMV region, we remain steadfast in development of the opportunity as neighboring countries look to decarbonize to a greener future.

M&A Opportunities:

To drive long-term expansion strategies and sustainable growth, PSGC continues to pursue mergers and acquisitions (M&A). These include construction or related sectors, or other sectors which will ultimately enhance shareholder return and will bring about sustainable growth. PSGC is receptive and has also been pro-actively exploring several investment opportunities in Thailand and the wider ASEAN region. 

In closing, we express sincere gratitude to all stakeholders, reaffirming our commitment to delivering a company with robust fundamentals and long-term growth potential. Now that the Company is in stronger financial health and armed with a capable business development team, PSGC is poised and ready to accelerate our growth towards business sustainability! 

Thank you for your continued trust and partnership.
Best Regards,