Joined: 24 Aug 2020
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|Posted: Wed Nov 18, 2020 11:31 am Post subject: CHAYO set a target for 64 years, income growth of 2 digit.
|CHAYO set a target for 64 years, income growth of 2 digit, set an investment budget of 1 billion baht. Go buy bad debt.
Mr. Suksan Yasasin, Chief Executive Officer of Chayo Group Plc. (CHAYO), disclosed the business plan for the year 64 that the company aims to grow in revenue to double digits, with an investment of approximately 1 billion baht to purchase debt. Waste from commercial banks to manage the port It is expected to be able to purchase more than 10,000 million baht, which will cause the debt management portfolio to expand continuously.
As for the earnings direction for the rest of this year Expected to be able to continue to grow It is believed that it will be able to collect debt better than in the past after the COVID situation in the country has สมัครสมาชิก slotxo eased a lot. At the same time, the company is preparing to buy more than 7 billion baht of bad debt for the remainder of the year. Which is currently in the process of negotiating with many commercial banks It is expected to gradually be summarized by the end of this year, all from in the first nine months of the year 63 the company bought bad debt to manage in the portfolio, total debt of more than 2,947 million baht.
As for full-year revenues, 63 companies are confident that they will grow at least 50% after the first nine months have generated 58% of their total revenue growth to 378.73 million baht and a net profit of 119 million baht. At the end of the third quarter of 2020, the company has outstanding debt portfolio of more than 53 billion baht, divided into unsecured debt of more than 35,000 million baht and secured debt of approximately 15 billion baht, etc.
Mr. Suksan mentioned the case that Government Savings Bank announced a joint venture Srisawad Plc. (SAWAD) to undertake a 18% low-interest vehicle registration loan business is expected to benefit the industry as a whole. Giving people access to more funding sources At the same time, there may be more bad debt incurred in the system as well. This is an opportunity for the company to be able to buy more bad debt to manage.
As for the progress of the move of CHAYO shares to trade on the board of the Stock Exchange of Thailand (SET), at present, the information is being prepared. Expected to be able to send information to the Stock Exchange of Thailand (SET) within 1-2 weeks if there is no error, it is believed that it will be approved within this year.