The Group of company has provided motorcycle hire-purchase service in Thailand for over 50 years and has driven the Thai motorcycle industry and the public's access to financial services (Financial Inclusion).
Group of companies provide financial services as follows:
1. Motorcycle Hire-purchase
2. Automobile Hire-purchase
3. Nano Finance
4. Personal Loan Business with collateral of vehicle registration (Title Loan)
5. Insurance broker business
| 6M24 | 6M23 | 2023 | 2022 |
|---|
| Revenues | 694.81 | 836.87 | 1,653.93 | 1,947.79 |
| Expenses | 709.36 | 711.23 | 1,444.75 | 1,427.18 |
| Net Profit (Loss) | -24.58 | 65.38 | 92.15 | 367.08 |
| Assets | 6,160.52 | 6,556.87 | 6,404.72 | 6,558.34 |
| Liabilities | 656.31 | 949.15 | 815.85 | 800.52 |
| Shareholders' Equity | 5,490.52 | 5,586.62 | 5,578.17 | 5,738.13 |
| Operating | 891.51 | 13.95 | 523.13 | 199.23 |
| Investing | -608.97 | 114.13 | -259.57 | 1,306.33 |
| Financing | -254.03 | -105.12 | -253.75 | -842.95 |
| EPS (Baht) | -0.05 | 0.13 | 0.18 | 0.73 |
| GP Margin (%) | ||||
| NP Margin (%) | -3.10 | 7.98 | 5.77 | 18.96 |
| D/E Ratio (x) | 0.12 | 0.17 | 0.15 | 0.14 |
| ROE (%) | 0.60 | 3.20 | 1.63 | 6.45 |
| ROA (%) | 1.08 | 4.77 | 3.23 | 7.69 |
The company mainly focuses on motorcycle hire-purchase service, which is its expertise business with a customer database of over 3 million customers in the past 10 years and branches covering every region in Thailand. In 2014, the company started providing hire-purchase loans in the Kingdom of Cambodia and the Lao People's Democratic Republic, focusing on providing financial services for low-income people in the Southeast Asia region.
With a commitment to conduct business with transparency based on good corporate governance, the company’s ultimate goal is the sustainability of the organization, which creates the shared value of the economy, society, and environment in the business chain to enhance sustainable development and to be good corporate citizens of every country in which the company operates.
The company provides motorcycle hire-purchase services and has expertise in business for over 50 years, and currently operates the business both domestically and internationally. The company has 63 branches covering 49 provinces in Thailand and total 19 branches in 3 countries: Cambodia, Laos, and Myanmar. As of the end of 2023, the company has cash and cash equivalents of 2,690 million baht, and the company is ready to expand its business as soon as favorable economic conditions allow.
- The net loss for six months of 2024 was 24.6 million baht, an 137.6% decreased from net profit of 65.4 million baht compared to the same period last year.
- Total expense for six months of 2024 was 709.4 million baht, a 0.3% decreased from 711.2 million baht compared to the same period last year.
- Total administrative expenses for six months of 2024 were 398.7 million baht, a 6.2% decreased from 425.0 million baht compared to the same period last year.
In 2014, two subsidiary companies were set up to provide motorcycle and automobile hire-purchase in two countries which are “Suosdey Finance PLC.” in the Kingdom of Cambodia and “Sabaidee Leasing Co., Ltd.” in Laos People’s Democratic Republic. In 2015, a subsidiary company named “TK Ngern Tan Jai Co., Ltd.” was established to operate Nano financing business.
In 2021, Office of Insurance Commission (OIC) has approved the establishment of a subsidiary, TK Broker Company Limited, to engage in business of non-life insurance broker .
In 2022, TK Ngern Tan Jai Co., Ltd (TKN) has received additional license to operate a Personal Loan consisting of
1. Personal Loan Business without any collateral (Unsecured Loan)
2. Personal Loan Business with collateral of vehicle registration (Title Loan)
In 2024, the company has expanded its services to domestic customers to cover financial services with a new service format to serve new-generation consumers’ behaviors under the name "TK Me", which is a motorcycle rental service that is paid weekly or monthly, starting in January 2024.
The company gives priority to risk management to achieve its goals by setting up the Risk Management Committee, which has been appointed to set policies and guidelines for risk management to cover all processes. The committee analyzes and identifies various risk factors related to the nature of business and uses them as guidelines for strategy development, including assessment, monitoring, control, and reporting of risks to the Board of Directors quarterly.
- TK is one of the 4 listed companies receiving an "Investors Choice Award" from the Thai Investors Association (TIA) for 17 consecutive years.
- In 2023, TK received a 5- Stars Corporate Governance Scoring appraised (for two conservative years) by the Thai Institute of Directors Association (IOD)
- The Company was granted the Certificate for Consumer Right Protection from the Office of the Prime Minister for its awareness of consumers’ rights regarding fairness of hire purchase contract
- TRIS Rating assigned the company rating of TK at "BBB" (Stable)
| as of 28/06/24 | TK | FIN | SET |
|---|---|---|---|
| P/E (X) | 119.91 | 15.19 | 17.05 |
| P/BV (X) | 0.40 | 1.35 | 1.22 |
| Dividend yield (%) | 5.53 | 2.30 | 3.53 |
| 28/06/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 2,260.00 | 2,700.00 | 4,200.00 |
| Price (B/Share) | 4.52 | 5.40 | 8.40 |
| P/E (X) | 119.91 | 18.05 | 9.57 |
| P/BV (X) | 0.40 | 0.48 | 0.73 |
