Amidst the current world about to change too. “technology” and protection “information” Day by day it is becoming more and more important by Tong Hua Holding Public Company Limited or TH have seen “problem” a “sure“of”storage infrastructure.” in modern times Because the known Internet world is limited by Content Delivery Networks and HTTP.
“Somnuk Kayawattanakit” Chairman Tong Hua Holding Public Company Limited or TH Interview with “Krungthep Turakij” when technology will inevitably become the trend of the world! So if you want to grow your business “Excellent” Sticking to traditional business practices Sustainable growth opportunities are harder! Therefore, it is necessary to proceed with a plan to maintain a stronghold in the original business. ready to move on to it “New Business” that is “Technology Business”
reflect through “start” o prepare Technology Business investment On November 11, 2021, the company approved an investment of 100 million baht for project development. Decentralized Infrastructure and joint ventures with technology companies domestically and internationally Supporting Megatrends and the rapid changes of the 3rd generation Internet (Web 3)
Recently, the company has filed for the establishment of a subsidiary TH Data Lab Inc. (Tong Hua Labs) in the United States and signed a SAFE (Simple Agreement for Future Equity) with ESPA which includes Protocol Labs Group (founder of IPFS and FileCoin ) and PikNik (Leader of Decentralized Storage of the United States) shareholder and sponsor.
which is reflected through development “Decentralized Storage Business” which is the basic structure (Infrastructure) Web 3 and related technologies such as “block chain” in the next business plan The company is preparing for funding from institutional investors and funds around the world. who are interested and choose to invest in potential companies registered in the United States
In this regard, the establishment of TH Data Lab Inc this time! considered as “big step” the company that will allow the company to grow in line with the mega trends of the world and expand “business to the Asian region” by collaborating with partner companies leading the World’s No. 1 Decentralized Storage This will enable the company to grow and generate significant returns by 2023.
by “Highlights” of such technology It will help customers to save costs on the cloud (Cloud) because such technology will rub a lot. The information content is very stable. and has a high level of security
Although the company has targets for the next 3-5 years (2023-2027), there is a chance that the share of revenue from the technology business will be greater than the original business, both “Newspaper business” a “Asset Management Business” (AMC) Because technology business is the trend of the world. And in line with the aim of expanding the business to support such megatrends when entering Web3 and with changing technology. It is also linked to the project. Decentralized Infrastructure that the company is currently developing ready to enter the business and “Become a Leader in Web 3 Decentralized Storage” in Thailand
“Expansion to invest in new businesses is not growing in the country. but regional growth in the future that can expand the business further This is just the beginning which will allow us to grow significantly in the future. It all depends on technology trends that may happen sooner or later.”
“Somnuk” say that about “Asset Management Business” (AMC) It is expected that in 2023 there will be a large number of non-performing loans (NPL) in the market. From the company’s assessment, it is expected that the bad debt will come out around “1.2-1.4 trillion baht”, therefore, this year the company will buy about 4,500 million baht in bad debt management. In 2022, buy another 3,500 million baht bad debt, which is lower than the target set by the company.
because that is considered in 2023 There will be a lot of bad debts, so this year will slow down the buying of bad debts. to wait to buy bad debt next year which could have a cost that is not very high The aim is to maintain the policy to buy debt to manage at 6 billion baht per year and focus mainly on unsecured bad debt .
However, within the next 3 years (2022-2024), debt collection targets are set at 455-581 million baht, 772-976 million baht and 1,104-1,399 million baht, respectively. and available liquidity Can still be bought because there is enough cash.
In the past, the company has bought debt from its main partner, AEON Thana Sinsap (Thailand) Public Company Limited or AEONTS, but this year the company has a new partner who is interested in allowing the company to apply for additional debt , namely Siam Commercial Bank, Phatra Kiatnakin Bank (KKP) after obtaining the AMC license. TMB Bank Thanachart Public Company Limited or TTB and Government Savings Bank to seek business cooperation
In the past, the company mainly focused on buying unsecured debts with late maturities of 2-5 years, which are easy to collect. A significant reduction in the asking costs Debt per person, focusing on minors, no more than 35,000 baht per person, very low because it is not difficult to collect the collection. The purchase price of debt depends on the nature and appraisal. But from now on, if it is an attractive collateral debt The company will also buy and manage. This could be secured debt with a longer maturity.
Therefore, the direction of implementation results in 2022, profits will grow. “double” This is a recognition of revenue from the Asset Management Committee’s business, but in 2023 earnings are expected to grow significantly. Because the company will have a new business (technology) coming in, reflected in the last year 2021, it has grown rapidly, with a revenue of 158.02 million baht, a growth of 134%, and a net profit of 96 million baht , a growth of 268%.
In the end “Somnuk” It is said that the technology business Our growth is regional And having global partners will allow us to expand our growth faster. As a result, the operating results will grow significantly. Expected to be no more than 3-5 years from now.
