Tweet STEC Has Found the Way to Make Recurring Income It is quite an interesting thing to anticipate on the case that Sino-Thai Engineering and Construction PCL (STEC) had invested THB 4.32 billion to take over Mo Chit Land Company Limited from U City Public Company Limited (U). This take over reflects the possibility of directorial change in STEC’s business from contractor to project developer. All of this is to create a recurring income. STEC works in construction and engineering businesses. Mostly, the company will focus on projects about public utilities, which is why there will be no recurring income if there are no new projects. Moreover, in the future time of 4-5 years, if all of the elevated railway projects have been done, the company’s income might drop dramatically. In this case, they might have to deal and do business with real estate companies for housing construction, however, the majority of real estate companies have their own
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