KTC operates in retail consumer finance business including unsecured loan which are credit card and personal loan business and secured loan which are prepaid service, auto title loan, leasing and hire purchase business.
KTC is determined to become a leader in retail consumer finance business in order to meet every customer life style. Hence, the Company expand the scope of lending business by acquiring KTB Leasing Co., Ltd. which operate in secure lending business in order to create New S-Curve for the Company.
| 6M22 | 6M21 | 2021 | 2020 |
|---|
| Revenues | 11,091.46 | 10,798.00 | 21,441.67 | 22,055.29 |
| Expenses | 5,867.85 | 5,885.47 | 12,781.12 | 13,865.52 |
| Net Profit (Loss) | 3,641.03 | 3,313.77 | 5,878.69 | 5,332.87 |
| Assets | 90,845.04 | 84,909.38 | 89,471.09 | 88,403.31 |
| Liabilities | 62,693.79 | 60,308.62 | 62,386.69 | 65,553.04 |
| Shareholders' Equity | 27,899.21 | 24,224.55 | 26,836.36 | 22,798.95 |
| Operating | 809.67 | 7,683.87 | 8,334.26 | 3,480.10 |
| Investing | -108.88 | -374.11 | -778.69 | -401.86 |
| Financing | -1,490.55 | -8,158.28 | -7,390.07 | -2,512.61 |
| EPS (Baht) | 1.41 | 1.29 | 2.28 | 2.07 |
| GP Margin (%) | 88.19 | 88.48 | 88.38 | 88.27 |
| NP Margin (%) | 32.83 | 30.69 | 27.42 | 24.18 |
| D/E Ratio (x) | 2.23 | 2.45 | 2.30 | 2.87 |
| ROE (%) | 26.61 | 27.93 | 23.55 | 25.04 |
| ROA (%) | 8.08 | 7.65 | 6.61 | 6.14 |
- The separate financial statements showed 2Q22 and 1H22 net profits of Baht 1,870 million and Baht 3,621 million respectively while the consolidated financial statements reported net profits of Baht 1,894 million and Baht 3,641 million respectively, increase 12.7% (YoY) and 9.9% (YoY).
- Total receivable increased 6.3% while loan to customers and accrued interest receivables amounted to Baht 95,069 million, up 2.6% from 2021 year-end.
- %NPL in 2Q22 stood at 3.5%, decrease from both of the 1Q22 and 2Q21.
- Total expenditure in 2Q22 amounted to Baht 3,359 million, up 2.5% (YoY). Due to 11.9% (YoY) higher in administrative expenses. Meanwhile, expected credit losses and cost of fund dropped 9.2% (YoY) and 7.0% (YoY) respectively. In 1H22, the Company recorded a total expenditure of Baht 6,539 million, down 1.1%.
- KTC partners with Mastercard, establish the first cash card in Thailand “KTC PROUD MASTERCARD” complete with Swipe-Transfer-Withdraw-Pay functions.
- “KTC AGODA MASTERCARD” the first co-branded in Asia.
- “KTC JCB ULTIMATE” top-tier credit card first time in Thailand.
- Launched “MAAI BY KTC” platform loyalty program.
- KTC launched "KTC P BERM Car for Cash" cash card with all functions, Swipe-Transfer-Withdraw with quick approval within 2 hours with no fee.
In 2022, KTC will operate with the new business model namely; (1) Credit Card Business : Expanding its card base with major partners by launching new products, developing and improving Co-brand credit cards. (2) Personal Loan Business : Expanding the new member base to target potential customers by presenting KTC PROUD cash card to whom have regular and higher income base. Target growth rate is approximately 7%.
New S-Curve and sustainable growth are contributed by 1) KTC P BERM as the core driving force to grow the portfolio through network of KTB nationwide. 2) "MAAI BY KTC" platform, brand new product for business partners as integrated Loyalty Program. 3) maintenance of portfolio quality, market share and overall portfolio expansion will result in higher net profit.
KTC is a membership company in payment and retail lending business with sustainability as key element with the concept of sustainable development by spirit. In 2021, the Company reviewed materiality topics in sustainability with stakeholders resulting in the 5-year sustainability strategy (2022-2026) covering 3 dimensions, namely the Economic Dimension (Better Product and Service), the Social Dimension (Better Quality of Life), and the Environment Dimension (Better Climate). The Company is determined in using digital technology and innovation as a flagship to create a good experience for stakeholders with information security standards, increase the opportunities to access financial products and services for the people and mitigate the impact on the environment in a sustainable way.
The Company formulates risk management policy and develops the risk management system under the good corporate governance guidelines. The Risk Management Committee which consists of the Chief Executive Officers and First line executives oversees the organizational risk management. The compliance unit supervises the operations conforming with the rules set up by the regulatory authority and the good corporate governance approach. Having Internal audit unit which is responsible for reviewing compliance with risk management processes to ensure the system is properly implemented.
- Received the Outstanding Company Performance Awards for Business Excellence with market capitalization of over 100 bn.
- Granted international standard certificates, ISO/IEC 27001:2013 ISMS during 2019 - 2021 and ISO/IEC 27701:2019 during 2020 - 2021.
- Received a rating upgrade from A to AA in the MSCI ESG Rating. and recognized in the MSCI Global Standard Index since 2020
- Selected as a constituent company in the 2021 FTSE4 Good Index under Financial Services category .
- Selected as a member of SETTHSI index for the second consecutive year since 2020 onwards.
- Selected by S&P Global to be a part of the Sustainability Yearbook 2022. KTC is the only selected company in Diversified Financial Service and Capital Markets in Thailand.
- AGM quality assessed by Thai Investors Association and attained a total score of 100, an excellent rating in 2022.
| as of 30/06/22 | KTC | FIN | SET |
|---|---|---|---|
| P/E (X) | 24.53 | 21.00 | 18.46 |
| P/BV (X) | 5.14 | 2.56 | 1.65 |
| Dividend yield (%) | 1.75 | 2.13 | 2.74 |
| 30/06/22 | 30/12/21 | 30/12/20 | |
|---|---|---|---|
| Market Cap (MB) | 146,965.04 | 152,766.29 | 153,410.88 |
| Price (B/Share) | 57.00 | 59.25 | 59.50 |
| P/E (X) | 24.53 | 25.67 | 28.78 |
| P/BV (X) | 5.14 | 5.98 | 7.15 |
AA-