Thitikorn Plc (TK), a SET-listed motorcycle-leasing company, has expanded into Cambodia and is in acquisition talks in other neighbouring countries as it seeks to take advantage of the strong economic...
economic growth expected to follow the launch of the Asean Economic Community. The company is also interested in entering the microfinance sector in Thailand when operating licences are open for applications. Deputy managing director Prapol Phornprapha said the diversification is aimed at mitigating risks from relying on only one market.
Local motorcycle leasing remains very competitive and the industry's growth has declined marginally for a fifth straight quarter following torrid economic growth and political uncertainties.
"We expect our revenue contribution from other countries will represent about 50% of total revenue in the next five year if everything goes as planned," Mr Prapol said.
Thitikorn started its leasing business in Cambodia through subsidiary Suosdey Finance Plc early this month, marking the company's first expansion abroad.
Motorcycle sales in Thailand are about 2 million units per year, with 80% or 160,000 financed by leasing companies. Thitikorn has a share of about 10% of the leasing market.
Managing director Pattama Phornprapha said the company's non-performing l
Motorcycle loans are expected to improve in the second half as spending has picked up since the military seized power.
In the first six months, Thitikorn's loans totalled 8.6 billion baht, down 5.1% year-on-year, while motorcycle sales numbered 877,000, down 20.1%.
Its net profit for the first half plunged to 75.25 million baht from 309.34 million. Shares in TK closed yesterday on the SET at 9.90 baht, up five satang, in trade worth 10.3 million baht.
economic growth expected to follow the launch of the Asean Economic Community.
The company is also interested in entering the microfinance sector in Thailand when operating licences are open for applications. Deputy managing director Prapol Phornprapha said the diversification is aimed at mitigating risks from relying on only one market.
Thitikorn Plc (TK), a SET-listed motorcycle-leasing company, has expanded into Cambodia and is in acquisition talks in other neighbouring countries as it seeks to take advantage of the strong economic...
economic growth expected to follow the launch of the Asean Economic Community. The company is also interested in entering the microfinance sector in Thailand when operating licences are open for applications. Deputy managing director Prapol Phornprapha said the diversification is aimed at mitigating risks from relying on only one market.
Local motorcycle leasing remains very competitive and the industry's growth has declined marginally for a fifth straight quarter following torrid economic growth and political uncertainties.
"We expect our revenue contribution from other countries will represent about 50% of total revenue in the next five year if everything goes as planned," Mr Prapol said.
Thitikorn started its leasing business in Cambodia through subsidiary Suosdey Finance Plc early this month, marking the company's first expansion abroad.
Motorcycle sales in Thailand are about 2 million units per year, with 80% or 160,000 financed by leasing companies. Thitikorn has a share of about 10% of the leasing market.
Managing director Pattama Phornprapha said the company's non-performing l
Motorcycle loans are expected to improve in the second half as spending has picked up since the military seized power.
In the first six months, Thitikorn's loans totalled 8.6 billion baht, down 5.1% year-on-year, while motorcycle sales numbered 877,000, down 20.1%.
Its net profit for the first half plunged to 75.25 million baht from 309.34 million. Shares in TK closed yesterday on the SET at 9.90 baht, up five satang, in trade worth 10.3 million baht.
economic growth expected to follow the launch of the Asean Economic Community.
The company is also interested in entering the microfinance sector in Thailand when operating licences are open for applications. Deputy managing director Prapol Phornprapha said the diversification is aimed at mitigating risks from relying on only one market.
การแปล กรุณารอสักครู่..