TQM Corporation Plc. reveals that the fundamental trend is still growing well. Reinforcing COVID-19 insurance Especially in the case of meet, pay, finish, there is no effect because TQM is an insurance brokerage business that does not have to bear the risk of paying compensation. but acts as a middleman to coordinate customer care assistance Meanwhile, the Omicron epidemic has prompted more consumers to purchase health insurance online. Expected to replace the covid insurance in some parts. Showing the results of the 4th quarter of 2021, which is a high season, has a strong growth trend. And the performance in 2021 is better than expected. May do All – Time High. Prepare plans for growth in 2022, invest in the business. especially the reinsurance business Reinforcing its leadership in the most comprehensive insurance brokerage business revealed that it still pays a high proportion of dividends and can pay continuously Ready for auspicious time January 13, 2022 Trade new par 0.50 baht to increase the liquidity of TQM stocks in the market.
Dr. Anchalin Phannipa, President of TQM Corporation Public Company Limited or TQM, revealed that the fundamental trend of TQM is still growing well. amid the COVID-19 situation with the new outbreak of the omikron mutant virus Instead, it makes consumers more aware of preventing health risks. and has contributed to the drive to change behavior to buy insurance via online channels more Car insurance sales continued to grow well. This is because consumers view it as important and necessary. The factors that depress the share price today are just the overall condition of the insurance business that has been affected. In the case of COVID-19 insurance, find, pay and finish, but in the TQM business, there is no effect because it is an insurance broker who acts as a middleman between the customer and the insurance company. Therefore, there is no risk of paying claims.
However, TQM still has strong potential. It can be seen from the results of the first 3 quarters of last year that achieved 95% of the year 2020 and for the results of the 4th quarter, which is a high season, it still grows well. Continuing from the 3rd quarter, we are confident that the results of the year 2021 will be able to achieve All-Time High and are expected to close insurance premiums up to 17,500 million baht and still make Net Profit Margin at least 23% while the operational plan in 2022 TQM still has plans to develop the business to continue to grow and become more attractive. There will be significant investment in each business. Especially the reinsurance business that will result in TQM being able to capture the most comprehensive insurance brokerage business category. Stepping up to be a Digital Insurance Broker in Region as targeted
Dr. Anchalin added that since January 13, 2022, the Company’s securities will start trading on the Stock Exchange of Thailand at the new par After being unanimously approved by shareholders at the Extraordinary General Meeting of Shareholders No. 1/21, held on December 28, 2021, it was resolved to change the par value of the Company’s shares from Originally 1 baht per share to 0.50 baht per share to increase the liquidity of the company’s stock trading as well as expanding a broader investor base further