The Company provides loan services to retail customers under the brand "Srisawad Ngern Sod Tun Jai". Business operation of the Company can be classified into 5 main categories:
1) Secured loan against all types of used vehicle, home, and land
2) Unsecured personal loan
3) Asset management
4) Debt collection service
5) Insurance Broker business
| 6M23 | 6M22 | 2022 | 2021 |
|---|
| Revenues | 8,349.61 | 5,266.18 | 12,275.32 | 10,230.83 |
| Expenses | 4,337.87 | 2,159.29 | 5,520.68 | 3,020.78 |
| Net Profit (Loss) | 2,346.76 | 2,077.56 | 4,476.16 | 4,722.14 |
| Assets | 101,463.66 | 57,195.89 | 69,481.89 | 49,966.87 |
| Liabilities | 72,851.10 | 30,820.73 | 40,477.32 | 22,991.54 |
| Shareholders' Equity | 25,553.92 | 24,175.16 | 25,662.30 | 24,697.86 |
| Operating | -14,157.40 | -6,642.24 | -16,610.32 | 2,764.37 |
| Investing | -1,059.27 | 1,766.32 | 3,359.83 | 2,294.75 |
| Financing | 15,854.22 | 5,271.24 | 13,423.22 | -4,207.96 |
| EPS (Baht) | 1.71 | 1.51 | 3.26 | 3.44 |
| GP Margin (%) | ||||
| NP Margin (%) | 30.46 | 42.84 | 39.32 | 49.24 |
| D/E Ratio (x) | 2.55 | 1.17 | 1.40 | 0.85 |
| ROE (%) | 19.08 | 18.59 | 17.78 | 20.19 |
| ROA (%) | 9.72 | 12.08 | 11.36 | 14.08 |
The Company would like to expand financial services covering all sub-districts across Thailand and also expanding financial services to ASEAN with more new choices of financial products to match particular economic conditions and demand for financing in each country, under cautious risk assessment; and to expand NPL management services as well as debt collection services.
The Company has integrated operational practice based on the United Nations Sustainable Development Goals (UN SDGs) to our operational strategies. The Company has also outlined policies relevant to both internal and external contexts in the dimensions of economy, society and environment in order to determine strategies for business drive for sustainability, based on good corporate governance fundamentals.
In 2022, the Company has restructured its business, the Company resolved to approve Srisawad Finance Public Company Limited (“BFIT”) to return finance business license and discontinued finance business. The Company entered into the Share Swap Transaction by selling shareholding in Srisawad Capital Co., Ltd. (“SCAP”) to Srisawad Finance Public Company Limited, and acquisition of new ordinary shares in BFIT. Also resolved to approve BFIT plans to consolidate SCAP business and changed its name from Srisawad Finance Public Company Limited to Srisawad Capital 1969 Public Company Limited and changed the symbol in the Stock Exchange of Thailand (SET) from BFIT to SCAP.
As for the financial performance for the three-month period ended 30 June 2023, the Company and its subsidiaries had consolidated net profit totaling Baht 1,223 million. This represents an increase in net profits for Baht 84 million or 7.4% from Baht 1,139 million of net profits from the same quarter of the previous year.
Total assets were Baht 101,464 million compared with the end of 2022 which totaling Baht 69,482 million, an increase of Baht 31,982 million. This was mainly due to an increase in loans to customers of both the Company and consolidation of financial statements of Fast Money Company Limited.
Srisawad International Holding Co., Ltd., as a Company’s subsidiary, increased the investment in Srisawad Vietnam LLC from 10% of shareholding to 70% of shareholding for expansion lending business in Vietnam.
SAWAD Group emphasizes the significance of risk management; therefore, the Company arranges business performance evaluation and risk assessment to examine certain risks that may have impact
on the Group’s business operation. The performance evaluation and risk assessment is arranged at least once annually. In light of the risk assessment, the Company’s management analyzes possible risks in different areas before reporting them to the Board of Directors for the board’ s acknowledgement. In addition, the management also provides some suggestions to limit risks or keep
risks under acceptable levels. Should there be any risks that may possibly impede potential achievement of the targeted business goals, the Group needs to seek measures to manage these risks.
In the beginning of the year 2023, SAWAD was selected included in the SET50 index, and also be chosen as one of the 44 companies listed in the MSCI Index for the year 2023.
| as of 30/06/23 | SAWAD | FIN | SET |
|---|---|---|---|
| P/E (X) | 13.98 | 17.36 | 17.96 |
| P/BV (X) | 2.41 | 1.87 | 1.46 |
| Dividend yield (%) | 3.81 | 3.09 | 3.12 |
| 30/06/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 64,881.45 | 66,941.18 | 84,792.16 |
| Price (B/Share) | 47.25 | 48.75 | 61.75 |
| P/E (X) | 13.98 | 15.19 | 17.42 |
| P/BV (X) | 2.41 | 2.74 | 3.60 |
