Narathip Wirunchataphan President Singer Thailand Public Firm Restricted (SINGER) mentioned the corporate goals to develop 50% gross sales in 2024 from the earlier yr at 150 million baht and expects to have the ability to flip a revenue from a loss in 2023 from 3.2 billion baht, in accordance with the plan This yr within the electrical gear lending enterprise, the corporate has change into extra strict. However the firm has offered increasingly more merchandise within the type of money and bank cards. Particularly second-hand merchandise There may be additionally assist from the sale of recent items akin to electrical bikes.
In the meantime, the development in 2Q24 is that gross sales will develop QoQ from the excessive summer time season which causes air conditioner gross sales to extend. Together with for the reason that final 3Q23, bills for the quarter have decreased considerably according to the corporate’s expense administration coverage. Supporting profitability continues to extend from the first quarter of 2024.
Though it’s the danger that have to be monitored this yr that controls the NPL degree, it have to be given the best precedence. For instance, SGC Finance+ loans that may lock the system in case it isn’t paid in installments. This makes it attainable to gather money owed higher. and ongoing administration of NPL ranges. whereas the remaining merchandise The corporate has already established a reserve fund and gross sales are being made as quick because the goal, so it’s unlikely that there will probably be a particular reserve fund for the product but.
“An important factor is to supply high quality loans. Whichever mission we contemplate has a excessive likelihood of NPL, we in all probability will not launch a excessive quantity Which ports have low NPLs, we will certainly launch extra of these ports. “
By InfoQuest Information Company (24 Could 2024)
Tags: SINGER , Thailand Singer , Narathip Wirunchataphan , Thai shares
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