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Tag: Thailand

  • Ngern Tid Lor (SET: TIDLOR) debuts shares on SET

    Ngern Tid Lor (SET: TIDLOR) debuts shares on SET

    Ngern Tid Lor PCL (SET: TIDLOR) received a warm welcome from investors on the Stock Exchange of Thailand today closing 25% higher at THB 45.75 per share with a trading volume of more than THB 33 billion. TIDLOR became the largest IPO ever in the Thai Finance and Securities Sector, as well as one of the five largest IPOs ever in the history of the Thai equity market, with a total offering size of THB 38,089 million (including an overallotment option) and market capitalization at the IPO price of THB 84,643 million, demonstrating Ngern Tid Lor’s strong fundamentals as the leading vehicle title loan-provider and top-3 retail-focused insurance broker, ensuring the Company’ rapid growth.

    Driven by technological innovation and an omni-channel distribution platform, Ngern Tid Lor is ready to take its success in listing on the SET to another level by expanding its network of branches and boosting efficiency. The company plans to continue to invest in improving technological and digital platforms in order to maintain its leadership status and create sustainable growth opportunities. Stabilization activities will be in place for a period of no more than 30 days following today’s trade to support the stability of the share price in the secondary market.

    Mr Piyasak Ukritnukun, Managing Director of Ngern Tid Lor PCL, with TIDLOR shares marking their debut on the SET today (May 10), said. “This is a very important day for Ngern Tid Lor, and we are honored to join the Stock Exchange of Thailand. Ngern Tid Lor is one of Thailand’s leading financial inclusion companies in the fragmented title loan and general insurance brokerage businesses. We are on a mission to help promote sustainable economic development by helping people gain access to fair, responsible, and transparent financial products and services. Our rapid growth has been driven by our strong corporate culture, unique omnichannel distribution platform, reputable brand, and innovative products and services.”

    Ngern Tid Lor’s IPO was not only the largest Finance and Securities Sector IPO ever, and among the five largest IPOs in the history of the Thai market. The TIDLOR IPO also received an overwhelming interest from a broad range of investors, from leading Thai and global institutional investors to Thai general public retail investors, reflecting investors’ confidence in Ngern Tid Lor’s strong fundamentals and potential for sustainable growth in the future.

    Ngern Tid Lor’s mission is to provide access to fair, transparent and responsible financial services for financial betterment by offering relevant products and services that are simple to understand, convenient and fast through committed employees. The unique business model, combining financial services expertise, purpose-built technology and data analytics capabilities to effectively offer the right products for target customers via omni-channel distribution with 1,076 branches in 74 provinces and a customer referral network comprised of 5,132 representatives across 638 Krungsri Bank branches, 491 second-hand truck sales representatives, and 519 phone sales representatives. Customer acquisition from physical channels is further supplemented by online channels ranging from the Ngern Tid Lor website, application and Facebook, and TIDLOR Connect to fulfill the existing gaps and provide further access to financial services for citizens in Thailand.

    The company’s performance during 2018-2020 demonstrated a strong track record of consistent growth and profitability, generating THB 7,569.4 million, THB 9,457.9 million, and THB 10,558.9 million in revenues respectively and net profit of THB 1,306.2 million, THB 2,201.7 million, and THB 2,416.1 million respectively. Gross loan balance between 2018-2020 stood at THB 39,724.1 million, THB 47,979.4 million, and THB 51,331.2 million respectively, while the premiums of non-life insurance collected through end of year amounted to THB 1,917.7 million, THB 2,854.3 million, and THB 4,010.9 million respectively. Ngern Tid Lor has achieved outstanding risk management outcomes, delivering a rate of Non-Performing Loans to Total Loans of 1.7% along with a Coverage Ratio of 325.1% as of 31 December 2020.

    Following its listing on the SET, Ngern Tid Lor is determined to maintain its leadership in the vehicle title loan business and to strive for the leading position in its insurance brokerage business in the future. To achieve such goals, the company will use the money from IPO to expand our lending and insurance brokerage business. Ngern Tid Lor plans to improve existing branches and expand additional 500 new branches by 2023 to provide wider coverage, invest and develop the IT system and digital transformation to strengthen business operations, and use a portion of the raised funds for working capital as well as capital restructuring in anticipation of steady and sustained growth in the future.

    “Our fundraising through the IPO will enable Ngern Tid Lor to boost our potential for sustainable growth, strengthen our financial status, continue our investment in digital transformation and platform-building,” says Mr. Piyasak. “Following our listing on the SET, Ngern Tid Lor is determined to be one of the leading-quality listed companies under the principle of creating fair, transparent and responsible financial opportunities for every Thai individual, while continuing to deliver steady and sustainable growth for the utmost benefits of our shareholders and all stakeholders.”

    This information is disseminated to investors who should study product features, conditions, and relevant risks before making investment decisions. This information shall not be considered as an offer for sale or recommendation for sale or reservation of securities. The securities that may be mentioned or referred to in this release have not been registered and will not be registered under the US Securities Act of 1933 (“the Securities Act”). The securities as mentioned in this document could not be offered for sale or sold in the USA, and will not be offered to the public in the USA.

    Distributed by the Public Relations Department of MT Multimedia Co., Ltd. on behalf of Ngern Tid Lor PCL. Website: www.ngerntidlor.com/en/home.html.

    For more information, please contact: Thiyaporn Sriadunphan (Dah), T: +66-87-556-6974, E: thiyaporn.s@mtmultimedia.com, MT Multimedia Co., Ltd.

  • Don Muang Tollway (SET:DMT) begins stock trading on SET

    Don Muang Tollway (SET:DMT) begins stock trading on SET

    Don Muang Tollway PCL (SET:DMT), an experienced transportation infrastructure management company and an operator of the Uttraphimuk Elevated Toll Road or Don Muang Tollway, will begin its trading on the Stock Exchange of Thailand (SET) on May 7, 2021. With expertise in managing a toll road business for over 30 years, the company is looking for new investment opportunities and aiming to become a leader in developing and managing transportation infrastructure projects in Thailand, creating sustainable growth and ensure steady returns for its shareholders in the long term.

    Mr. Tarnin Phanichewa, Managing Director of Don Muang Tollway, reports that the company will begin trading its shares on the Stock Exchange of Thailand (SET) on May 7, 2021, under the Transportation and Logistics sector with the symbol of DMT.

    DMT has been well preparing on business expansion plans to take advantage of public-private partnership opportunities, allowing private sectors to participate in infrastructure development projects with the government. Leveraging on its strengths and having more than 30 years of experience in managing Don Muang Tollway, the company is in a good position to participate in the 20-year Intercity Motorway Development Master Plan envisioned by the Department of Highways. Besides, the company is interested in non-toll businesses such as highway rest area projects.

    Part of the fundraising proceeds will be used for the debt repayment in order to be a debt-free company, reducing the financial burden and strengthening the company’s financial position. The business expansion plans together with its strong financial position will boost sustainable growth and ensure good returns for shareholders in the long run.

    “I would like to thank you all investors for trusting in DMT. We are determined to become a leading player in the development and management of transportation infrastructures in Thailand. With our over 30-year experience and expertise in the business, we believe that we will play an important role in improving Thailand’s competitiveness by creating high-quality transportation infrastructures and transportation network, and at the same time we also believe that DMT will be able to achieve stable growth and decent rate of returns to our shareholders,” Mr. Tarnin says.

    Mr. Varah Sucharitakul, Executive Director of Finansa Securities Limited, as the sole lead underwriter, says DMT’s IPO received a very warm welcome from investors. IPO fundraising proceeds will definitely strengthen the company’s financial status and enable DMT to be a debt-free company. With DMT’s dividend policy having a payout ratio of not less than 90% of net profit after the capital reserve as required by law, we believe that the investors will receive stable and attractive returns.

    On top of that, investors will benefit from the public-private partnership opportunities allowing DMT to selectively participate and invest in various projects under the 20-year Intercity Motorway Development Master Plan under the responsibility of the Department of Highways, he adds.

    Mr. Worawas Wassanont, Managing Director of Avantgarde Capital Co., Ltd., as the financial advisor, says DMT’s stock will be in the spotlight from the investors because of its strong business fundamentals and its expertise in transportation infrastructures. By utilizing modern technologies on the traffic management, the operation of the Don Muang Tollway has become more efficient as well as be ready for the 24 hours to ensure prompt services to the Tollway users and for the increasing number of Tollway users which are expected to be the normal level after the end of COVID-19 pandemic.

    DMT is also leveraging on its knowledge and experience to expand its businesses, enhancing decent returns to all shareholders, he says.

    For more information, please contact:
    Tasanun Chuiklom (Noo), E: tasanun.c@tollway.co.th, Don Muang Tollway PCL
    Pipop Khongwong (Top), E: pipop.k@mtmultimedia.com, MT Multimedia Co., Ltd.

  • ADB Inks $47.6m Green Loan for Renewable Energy, Electric Vehicle Charging in Thailand

    ADB Inks $47.6m Green Loan for Renewable Energy, Electric Vehicle Charging in Thailand

    BANGKOK – Asian Development Bank (ADB) and Energy Absolute Public Company Limited (Energy Absolute) signed a 1.5 billion Thai baht ($47.62 million) green loan to finance ongoing renewable energy projects and a countrywide electric vehicle charging network in Thailand.

    The loan will finance the Nakornsawan Solar and Hanuman Wind power plants, and deploy fast and standard chargers at charging stations across Thailand.

    Thailand aims to be a regional leader in electric vehicles to reduce greenhouse gas emissions from conventional transportation, which currently accounts for around 26% of the country’s total annual emissions.

    “ADB aims to increase awareness of green financing by continuing to support Thailand’s renewable energy sector and investing in the electrification and decarbonization of its transport sector,” said ADB Private Sector Operations Department Infrastructure Finance Division Director for East Asia, Southeast Asia, and the Pacific Jackie B. Surtani.

    “ADB sees Energy Absolute’s leadership in green investment as an invaluable step in developing the financing of renewable energy in the region.”

    This green loan is the first climate loan in Thailand to be certified by the Climate Bond Initiative, which administers the international Climate Bond Standards and Certification Scheme. Green loans are used to fund projects that benefit the environment, while climate loans focus on climate change benefits.




    “We are positioned to grow our businesses in green energy and have been investing in modern technology-based industries that offer a total solution for promoting renewable power and electric mobility in Thailand and other countries,” said Energy Absolute Deputy Chief Executive Officer Amorn Sapthaweekul.

    “ADB’s continued support not only helps us financially but also highlights our trustworthiness and enhances our reputation.”

    Established in 2006, Energy Absolute is the largest renewable energy company on the Stock Exchange of Thailand. Its six renewable power plants generate a total of 664 megawatts, while its biodiesel production capacity totals 800,000 liters daily.

    Energy Absolute has diversified into large-scale production of lithium-ion batteries for transport and power, and electric vehicle charging infrastructure for various types of electric vehicles such as e-ferries, e-buses, and e-cars. – BusinessNews.ph

  • Funding Societies Brings Financing Platform to Thailand

    Funding Societies Brings Financing Platform to Thailand

    Funding Societies, Southeast Asia’s largest SME digital financing platform, launches in Thailand today. The platform will operate under the debt-crowdfunding license given by Thailand’s Securities and Exchange Commission.

    This expansion comes after more than one year of working with Thai regulators and planning for market entry, the startup said.

    Operating in Singapore, Malaysia, and Indonesia, Thailand will be the FinTech’s fourth market in its six years of operations, making it the only SME digital financing platform in Southeast Asia to be licensed in four countries.

    “Funding Societies’ vision has always been to financially enable growth for SMEs, while growing wealth for investors. Having built a market-leading presence in Singapore, Indonesia, and Malaysia, we’re excited to bring our vision to Thailand and launch today,” said co-founder and group CEO Kelvin Teo.

    With the entry into Thailand, Funding Societies will be addressing the US$250 billion SME credit gap that exists in ASEAN’s biggest economies – Thailand, Singapore, Malaysia, and Indonesia.

    Funding Societies has disbursed over US$1.4 billion in financing across more than 65,000 SMEs throughout the region and is prepared to provide Thai SMEs with full access to its short-term customisable financing solutions, which are funded by retail and institutional investors.

    Thailand is the second-largest economy in Southeast Asia and like many emerging economies in the region, much of Thailand’s GDP comes from small and medium enterprises (SMEs).

    According to a paper published by the Asian Development Bank Institute, SMEs account for 99.8% of companies and generate 14 million jobs in Thailand, contributing US$215 billion to the nation’s GDP.

    “By leveraging technology, Funding Societies offers SMEs a new avenue of accessing business financing that is fast, affordable, and convenient. The crowdfunding landscape in the country is growing steadily and we see a lot of potential here. We look forward to driving financial inclusion in Thailand and helping to uplift the country’s economy,” said Varun Bhandari, country head of Funding Societies Thailand. – BusinessNews.ph