SCB X Public Company Limited or SCB Noted that the Special General Meeting of Shareholders on January 19, 2022 has decided to approve the issuance and offering of all types of debt securities. in Thai Baht and/or foreign currency This includes but is not limited to short-term debentures and/or long-term debentures and/or perpetual debentures and/or subordinated debentures and/or immaterial debentures. With bondholder representative and/or without bondholder representative Secured and/or unsecured debt instruments and/or others within the amount not exceeding 100,000 million baht or equivalent in other currency
by offering for sale domestically and/or abroad by offering to specific investors and/or institutional investors as specified in the Securities and Exchange Commission (SEC) Office Notice and/or the general public and/or holders of existing debt securities Debt securities may be issued and offered for sale at one time or on several occasions as it sees fit. And they may issue and offer additional debt instruments and/or issue and offer debt instruments for sale in place of the existing debt instruments that have already been redeemed within the named amount. The publication and offer period is within 5 years from the approval date of the shareholders’ meeting, However, the amount of debt instruments issued by the company at any time must not exceed the credit limit.
In this regard, the Board of Directors and/or the person assigned by the Board of Directors has the authority to determine details of debt securities. Type of collateral Amount of Money Age Par value, offer price, interest rate right of redemption Determine the life of the project and/or set a revolving credit limit for the introduction of short-term debt instruments. Method and period of publication and offer as well as setting criteria conditions and details and taking any relevant action deemed appropriate under the requirements of relevant laws and regulations
Approved by the shareholders’ meeting with a vote of not less than three-fourths of the total votes of the shareholders attending the meeting and entitled to vote as follows:
Arthit Nanthawithaya Mr Chief Executive Officer SCB He said the approval of the issuance of debt securities not exceeding 100 billion baht or the equivalent in other currencies of SCBX reflects shareholders’ confidence in the company’s strategy and financial strength. So that the company will have flexibility in finding funds to carry out the business plan set. It will mainly focus on the expansion and development of 3 businesses with high growth potential, namely 1. Digital Personal Loans (Consumer Finance), 2. Digital Assets, and 3. Platform Business, including Investing in blockchain technology (Blockchain Technology) which will have its backbone driving the business world of the future. and technology to reduce greenhouse gas emissions (Climate Technology) which focuses on solving important world problems. This investment plan is a preparation for expanding the SCBX group’s business to the regional level. and increase company value
“However, the bond yield offered will depend on capital market conditions and investment opportunities each year. have the most appropriate funding structure The Company would like to thank the shareholders for their confidence in the method and operational plan to establish the SCBX Group as a regional financial technology company. with the ability to compete on a global scale create long-term added value for shareholders and lead the country to grow sustainably.”
while beforeThanadet Rangsitthananon Assistant Managing Director Pi Securities revealed that he is confident that the results of the meeting When requesting approval for the issuance of debt securities in the amount not exceeding 100,000 million baht, he will definitely receive approval from the shareholders. This is good for the business of the Safeguarding Children Board in terms of stimulating the business to grow as planned.
partTrinity Warranties Noting that SCB’s profit for the fourth quarter of 2022 is expected to be 9,665 million baht, an increase of 23% from the fourth quarter of 2021, while in 2023, profit is expected to increase to 43,645 million baht, growing by 10% from loan growth. We may see more expansion of loans to high interest groups, while NIM is expected to be stable, with rising interest rates positively affecting the interest rate differential or Net Interest Margin : NIM will be a factor to offset the increase in FIDF payments can
Still keeping an eye on the progress of expanding the digital business through subsidiaries such as CardX, AutoX, InnovestX, etc. after the restructuring is completed in the 4th quarter of 2022, which could lead to higher total revenue growth. and lower operating costs Therefore, we maintain our Buy recommendation on SCB and adjust our investment target until the end of 2023 with a target price of 142 baht per share.
