BYD : BEYOND SECURITIES PUBLIC COMPANY LIMITED
YE/2566 (Jan - Dec 2023)
Business Overview
Operates its business in Thailand with its core business being Securities and Derivatives Brokerage. The Company has received the following licenses to operate as a securities company from the Ministry of Finance, the Securities Exchange Commission ("SEC") and the Stock Exchange of Thailand ("SET") : (1) Securities Brokerage (2) Securities Trading (3) Investment Advisory (4) Underwriting (5) Securities Borrowing and Lending (6) Capital Fund (7) Derivatives Agent/Brokerage.
Financial Statement
2023 2022 2021 2020
Income Statement (MB)
Revenues 714.10 287.15 98.16 85.14
Expenses 311.54 179.94 261.41 393.21
Net Profit (Loss) -491.52 -161.74 -134.99 -300.61
Balance Sheet (MB)
Assets 12,014.65 12,154.93 1,599.43 757.19
Liabilities 244.10 182.11 142.20 97.43
Shareholders' Equity 11,770.55 11,972.83 1,457.23 659.99
Cash Flow (MB)
Operating -581.59 -157.74 -361.10 -264.98
Investing -165.87 -9,029.87 -330.88 -13.37
Financing 278.24 10,715.80 992.97 266.72
Financial Ratio
EPS (Baht) -0.11 -0.06 -0.12 -0.13
GP Margin (%)        
NP Margin (%) -68.83 -56.33 -137.53 -373.03
D/E Ratio (x) 0.02 0.02 0.10 0.15
ROE (%) -4.14 -2.41 -12.75 -40.79
ROA (%) -3.37 -3.02 -11.38 -29.46
Business Plan

The business plan for 2024 sets a revenue target to triple to 1,000 million baht from approximately 300 million baht in 2023, excluding interest income from Thai Smile Bus Co., Ltd. ("TSB"). The main revenue comes from the securities business, including interest income from margin loans, income from brokerage fees for stock and TFEX, income from Block Trade, and financial consulting fees. High-level management with experience in the securities business, along with a team, is brought in to expand the business with the goal of capturing a market share in the top 10 within 3 years, while adjusting key strategies to align with and elevate the level of securities services and strengthen the company.

Furthermore, the Company is fully prepared for the business restructuring. Beyond Holding PCL.'s restructuring, which has BYD and TSB as subsidiaries, will be completed within 2024.



Sustainable Development Plan
  • The Company has established guidelines and policies attaches importance to sustainability management, in line with the direction and strategy to drive the business to grow stable and sustainably in the long term, to promote businesses that are beneficial to the environment.
Business Highlight

BEYOND SECURITIES PUBLIC COMPANY LIMITED ("BYD") is committed to providing comprehensive services and focuses on quality, including supporting businesses that are beneficial to society and the environment.

Performance and Analysis
Business Performance Summary

BYD's separate financial statements and financial statements in which the equity method is applied for the year ended December 31, 2023, which has been audited by an auditor. For the year ended December 31, 2023 according to the separate financial statement, the Company had a net profit of 321.00 MB, better operating result compared to the same period last year which had a net profit of 155.51 MB Considering the financial statements in which the equity method is applied, it had a net loss of 491.52 MB, increased by 329.78 MB. when compared to the same period last year which had a net loss of 161.74 MB.

The total revenues presented in the separate financial statements increased from 287.15 MB to 714.09 MB, increased by 426.94 MB or 148.68%. And having the total revenues through financial statements in which the equity method is applied, decreased from (30.10) MB to (98.43) MB, decreased by 68.33 MB or 227.01% when compared to the same period last year. However, if the Company excluded share of loss from investment in an associate of 812.52 MB, the Company had the total revenues 714.09 MB.  

Key Milestones
  • At the Annual General Meeting of Shareholders 1/2024 held on March 30, 2024, a resolution was passed to approve the plan to restructure the company into a Holding Company, expected to be completed within the year 2024.
  • BYD has launched the "Beyond Intelligence Trading" (MT5) program to meet the needs of customers who prioritize quality of service with full functions that assist investors in analyzing and automatically trading stocks with robots, along with an intelligent system that monitors real-time volume, bid/ask, and ticker movements, as well as over 5,000 types of selectable indicators, allowing for easy one-click order placement.
  • BYD Co-Underwriter in an IPO Asia Network International PCL “ANI”, NAT Absolute Technologies PCL“NAT”, NL Development PCL “NL”, PanelesMatic Solutions PCL “PANEL” and Bangkok Genomics Innovation Public Company Limited “BKGI”
  • The Bangkok E-Bus project, where TSB, the associate company, partner with EA to have first international carbon credit trading deliver from TSB to KliK foundation Switzerland successfully.
Risk Management Policy
  • BYD has maintained its NC and NCR status beyond the required regulation and has set an early warning level, along with an action plan that can be promptly executed in case of emergencies. Throughout 2022 until present, the company has been able to manage and maintain its NC and NCR status above the required regulation.
  • BYD has reduced investments and loans to other businesses and has tracked overdue debt repayments in accordance with the legal process.
  • BYD aims to support projects within a group of partner companies that are beneficial and create good returns, while able to control the risk.
Recent Awards and Recognitions
  • FTSE SET Mid Cap Index
  • MSCI Global Small Cap Index
  • Selected to be included in the SET100 index for the first time.
  • In 2023 BYD has achieved CGR in an "EXCELLENT" level (5 star)
  • BYD has been awarded as an organization that creates value in society by the SEC


Revenue Structure
Interest income from TSB 71.84% Fees and service income/Other 10.25% Brokerage fee income 9.77% Interest from main business 8.14%
Stock Information
SET / FINCIAL / FIN
Closing price BYD SET index 15.00 7.50 0.00 1725.00 1569.00 1413.00 1257.00 3-1-23 31-3-23 4-7-23 29-9-23 28-12-23
as of 28/12/23 BYD FIN SET
P/E (X) - 17.37 18.42
P/BV (X) 1.95 1.69 1.36
Dividend yield (%) - 3.43 3.32
28/12/23 30/12/22 30/12/21
Market Cap (MB) 22,827.66 55,763.47 27,861.74
Price (B/Share) 4.52 13.30 19.40
P/E (X) - - -
P/BV (X) 1.95 4.63 19.41
CG Report:
Company Rating:
Major Shareholders
as of 28/12/2023
EA Mobility Holding Company Limited (19.62%)
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SINGAPORE BRANCH (14.41%)
MR. LUCHAI PHUKHAN-ANAN (8.19%)
Ms. Phone Soonsawad (7.43%)
Ms.Kulpornpath Wongmajarapiny (5.03%)
Others (45.32%)
Company Information and Contact
http://www.beyondsecurities.co.th
0-2820-0100
46/7 Rungrojthanakul, 11th, 12th Floor, Ratchadaphisek, Road, Huai Khwang, Huai Khwang Bangkok 10310
Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=BYD
Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel.
Published on 29/03/2024