“Star Money Public Company Limited or SM”, a new IPO, goes ahead with a roadshow. Build investor confidence in IPO plan of 300 million shares, with “KGI Securities”, a financial advisor. increase potential together And the highlight is to look at SM as one of the leaders in both cash and installment product sales. and is one of the leading credit providers in the eastern region which is an economic city with investment and growth potential ready to be listed on the Stock Exchange of Thailand (SET) this year
Mr. Chusak Wiwatwongkasem The Chief Executive Officer of Star Money Public Company Limited or SM revealed that the company held an online roadshow on November 25, 2022 with the aim of enabling general investors to learn about the trading operations. and future plans Including confidence in growth potential under fundraising plan Initial public offering (IPO) of 300 million shares will be offered, representing 27.27% of the company’s total issued and paid-up common stock after this IPO. and is expected to be listed on the Thailand Stock Exchange (SET) in the finance and securities sector. (financial assets) within this year
The main objectives of listing on the Thailand Stock Exchange this time Need to raise funds to expand all kinds of credit services, expand branches, including related businesses such as non-life insurance brokerage business and/or life insurance, etc. . Also, it is used to partially repay loans from financial institutions. and used as working capital To support the growth of the company in the future and to upgrade the company in international standards to increase the credibility in terms of image to be accepted by customers and partners Understanding the growing competitiveness Be prepared for growth opportunities
The company is determined to be a leader in installment loan services. hire purchase loan consumer credit Under the concept of providing customers with financial literacy and strong financial immunity. And set business goals for the next 4 years between 2022 and 2025 by developing new and different financial lending products and expanding branches to cover service areas in important provinces of the country AND set a goal to closely oversee risk management to be more effective. and use the company’s successful business model in the orient as a model for doing business
Currently, SM manages the core business of the Company. It can be divided into 2 businesses, namely the business of selling household appliances and commercial appliances such as televisions, refrigerators, washing machines. air conditioner mobile phones, computers, freezers, motorcycles and other equipment both in the form of cash sale and hire purchase which is drawn up as a hire purchase contract by selling products through “Star Money Shop” in Rayong and Chanthaburi Including some parts sold through Platform E -Marketplace
Various types of loan business, including supervised personal loans with vehicle registration as collateral. Secured personal loans other than secured car license plate loans and secured loans, such as car title loans Land and building loans The loan is secured by a motorcycle registration document. Car registration certificate, maximum 7 seats, commercial registration certificate Land with buildings Including provision of services as a non-life insurance broker
Mrs Siriporn Laoratanakul Deputy Managing Director Investment Banking Department 2, KGI Securities (Thailand) Public Company Limited as Financial Advisor to Star Money Public Company Limited or “SM” said the summary presentation at this road show. believe will make investors believe in SM’s outstanding growth potential in the financial affairs sector. With the strength of SM with 30 years of work experience and good relationship with partners and users in the eastern region There are branches distributed among the community sources. And have an ethic to keep customers coming back to use the service on an ongoing basis. The company places importance on oversight. and carefully manage the risks and debt collection with good governance and manage the NPL ratio to be at a level close to that of the industry. Also, SM’s business is in the eastern region which is an economic city which has policy support to government investment in the CEE project, resulting in investment and growth in the province whether in the domestic industry and the tourism sector. This is a golden opportunity for SM to expand growth in the area.
In terms of the company’s performance It comes from both the appliance sales business and the loan business. Sales revenue and interest income grew steadily. even during the period of economic volatility The results of the first 6 months of 2022 have a total proceeds of 717.81 million baht, up 10.19% compared to the same period last year. which the main increase Comes from the sales of mobile phones and computers which have a higher market demand. In line with the trend of increasing use of technology, work and/or study online, including the launch of new mobile phones. and expanding sales channels to Express branches, where sales will focus on installment payments. As a result, interest income from hire-purchase agreements increased.
Additionally, the gross profit margin increased. This is because mobile phone products have a higher gross margin than general electrical appliances. Net profit was 60.80 million baht, close to the same period last year. This is due to an increase in administrative costs in terms of personnel resulting from the expansion of the branches. And there is an increase in financial costs resulting from loans from financial institutions. Expanding Loan Portfolio As of June 30, 2022, SM has a total of 91 branches covering the provinces of the Eastern Region. and has branch offices in Udon Thani province and Nakhon Ratchasima province
The company has consistent gross profit margin and net interest margin, with the 2022 6-month period having gross profit margin from sales of 14.91%, net interest margin of 18.47%, gross profit margin of net profit of 8.5% and a ROE of 24.6%.
