TKS-SYNEX announces vision to form alliances to expand the kingdom to become a Technical Ecosystem | RYT9

Mr. Jutiphan Mongkolsuthree Chief Executive Officer TKS Plc. Technology (TKS) announced a strategy to expand investment in the technology business group to expand the ecosystem by joining groups such as Synnex (Thailand) Public Company Limited (SYNEX) to strengthen after increasing the stake in Advance Plc. Information Technology (AIT) is preparing to close deals with many partners with an initial investment budget of around 300 million baht, plus an opportunity to print 2 new ballot papers to support profits.

“We remain confident that earnings will grow as planned. Although some sales have fallen. But some groups have increased. But still believe that revenue will grow by around 10%. We continue to expand new investments according to the Tech Ecosystem Builder strategy. In the past, we have built many ecosystems, new businesses added to help. Therefore, new investments should continue to be seen. Currently, about 80% of the profit from not printing is realized,” said Mr Jutiphan.

Over the past, TKS has built many ecosystems, showing the transformation of TKS that many people were worried before that they would not see growth from the original business, but in fact, the original business has a strong foundation. and the presence of a new business is even more useful. Therefore, new investments should be seen continuously.

TKS recently bought 280 million more AIT shares, representing a 21.03% stake, worth 2,100 million baht, increasing the stake in AIT to 22.48% and if it includes the AIT-W2 conversion, the proportion of AIT shares around 24%, which This agreement will require approval from the shareholders’ meeting in February, and various processes are expected. be completed in May 2023

TKS set a revenue target for 2023 to grow no less than 10% Investing in AIT will help to improve profits from sharing the profits of AIT that will come in, while also being able to expand the scope of investment and diversify investment. Still business with growth potential For example, a systems integration (SI) contractor provides services to customers in the public and private sectors. The nature of the sale is complete or turnkey (Turn Key) of consultation, planning, design of a work system. Implementation of installation, training and maintenance which will be an extension of the current business of the group of companies and in line with the vision of the group of companies As part of the Tech Ecosystem Builder, the company is confident that its performance this year will be higher than last year.

printing business has laid a solid foundation The performance can still be maintained. And if there is an election this year, there will be a chance to get a job printing ballots too. This time, 2 cards will be used, even more to help support growth if you get a job. In the past, the company used to receive votes in the form of 1 vote with a margin of around 40%.

SYNEX expects its 2023 operating results to continuously reach a new high. The revenue is expected to grow by no less than 10%, benefiting from the adaptation of sales strategies in the Commercial group from the traditional model to the new model. Based on Solutions by offering a solution that meets the needs of customers more comprehensively and for the company to be able to implement its strategy effectively Therefore the company joins with potential partners to complete the ecosystem to be more complete.

Ms Sutida Mongkolsuhree, CEO of SYNEX, said that after TKS, SYNEX’s parent company, invested more in AIT, it would help strengthen the company. Especially helping to support the commercial products to grow efficiently. This is another New S-Curve for companies in the B2B business portfolio. The cooperation of the group companies will help the company to expand its services to the information and communication systems contractors business group. ( SI) to be more complete It is an opportunity to enter new markets. with growth Responding to customer needs in the Digital Transformation era

The company believes that the consumer products market continues to grow in response to the lifestyle of modern consumers. Teaching transactions, working or online transactions, and the gaming product group are likely to grow further. of modern player behavior and the popularity of government-backed ESports Reflect on Synnex Be in the business of technology products and solutions that grow as a megatrend.

Ms Suthida said that the company is still looking for mergers and acquisitions (M&A) in different areas, especially in the service sector, expecting to conclude 1 deal this year as of now in negotiations There are about 3-4 of people coming in, and an investment of around 100 million baht is expected per agreement.