Mr. Songpol Shanmatkit, Chief Executive Officer of TVD Holdings Public Company Limited (TVDH), revealed that after the company Transform the business into Super Holding Company and implement strong marketing strategy to generate organic growth from existing business like TV Direct , ABPO, Expresso and TVD Broker, which currently show consistently better performance As well as moving forward to create growth from investment expansion in new businesses with potential (inorganic growth) consisting of TVDM, TVDC and TVD Exucia as well as investing in future businesses in the group of startups like Eatlab, Nasket Retail, etc. Therefore, fourth quarter operating results are expected to continue to recover from the prior quarter. and turn around in the first quarter of 2023
For business plans, TV Direct (a subsidiary of TVDH) aims to offer a strategy for cosmetic products and food supplements that generate good margins. Develop into main income-generating products (Hero products) and bring digital technology to drive business Is in the process of introducing a chatbot system (AI Robotic) to provide services to customers around the clock, which will increase team efficiency of the call center by 30-50% and will allow the transfer of some staff to work in other areas more efficient As a result, operational costs have decreased continuously. TV Direct’s operations are expected to return to profitability in 2023.
investing in new businesses Make progress and start generating new income. The two new companies are TVDC Co., Ltd. or TVDC to provide credit services with real estate or real estate as collateral. Currently, more than 100 million baht in loans have been made for TVD Exusia Co., Ltd. or TVDE, a full entertainment operator. He recently invested in Natarat Holdings Co., Ltd., the EDM music festival organizer, owner of a world-class brand. Successfully organized the EDM music festival “808 Festival” from December 9th to 11th. There is a full ticket sale each round. And there are 19,000 full attendances every day.
ABPO Co., Ltd., a subsidiary that bought the common stock of the newly issued company Penguin X Co., Ltd., a 10% stake in food advertising and consulting, expects said businesses to gradually recognize revenues and the share of profits from investments in During the first quarter of 2023, including Food Order Co., Ltd., in which TVDH jointly holds shares, is a startup that develops and provides a national food delivery platform under the name of “eatHUB”. Takuni Group (TAKUNI) has become a new investor. By acquiring a 5.18% stake in Food Order and a convertible loan of 45 million baht, which will further contribute and increase the income generation potential for TVDH Group in another way.
“Looking ahead, especially in ’66, the business environment will change considerably. Thailand’s economy has started to recover better. But the inflation is high and the interest is high, so TVDH has to change its business concept and operations. Including service fees and rates of return in line with the new environment, both in the original organic and inorganic business, in order to return to investors and shareholders an adequate level with higher money costs and risks. Since the TVDH business transformation, we have laid a new large business foundation. With this 2023 corporate restructuring, we are ready to take advantage of the opportunities of the digital age and cope with the disruptions that can occur at any moment. with the aim of investing and expanding potential businesses. This makes the fourth quarter performance the best recovery in 2022, a testament to the success of TVDH which will return to create strong and sustainable growth in the future”. Mr. Songphon said
By InfoQuest News Agency (Dec. 20 ’22)
Tags: TVDH extension, Songphon Shanmatkit, TVD holdings, Thai stocks
