Chayo, big debts – make profit.!

After the adoption of debt extension and debt suspension measures, there will be huge debts that were previously hidden under the rug. Oops…that was giving me a hard time. It appears more clearly as the bank must speed up the liquidation of bad debts. (To avoid creating large reserves) for both secured debts and unsecured debts including debts called debt on live fish and debt on dead fish..!!

According to information received from the company, data from the National Credit Bureau (Credit Bureau) indicate that at the end of the second quarter of 2023, the number of bad debts (NPL) reached the level of 980 billion baht, an increase from the first quarter of 2023, which was at the level of 980. Billion baht. Level of 800 billion baht.

From such a situation entering the golden age of AMC companies or bad debt management is one of them Chayo Group Public Company Limited Or Chayo This will get full benefit because there will be more bad debt added to the portfolio…

By the end of June 2023 Chayo There are over 100 debt portfolios under management. 85.736 million baht Divided into 20,676 million baht of secured bad debts and 65,060 million baht of unsecured debts. (Does not include assets awaiting sale or… Another NPA amount of 368.05 million baht)

Interestingly, in the first nine months of 2023, new debt could already be auctioned off. 8,653.78 million baht Of this number, it is divided into the debts of Chayo Group Public Company Limited and Chayo Asset Management Company Limited combined 6,912.74 million baht Consists of the period from January 1 to June 20, 2023, there was a debt balance that was adjusted from the original amount of 5,418.72 million baht, on July 24, 2023, it won the auction for unsecured debt from a financial institution worth 1,130.39 million baht, and in September it won on November 28 2023 Auction for another 363.63 million baht of unsecured debt from a financial institution.

Chayo JV Asset Management Company Limited has already made a bid for new debt. 1,741.04 million baht Consisting of the period from January 1 to March 31, 2023, the debt amounted to 117.97 million baht. On August 31, 2023, he won the auction of unsecured debt from a financial institution worth 94.92 million baht. On September 19, 2023, he won the auction of unsecured debt from a financial institution worth 94.92 million baht. 94.92 million baht, and on September 19, 2023, won an auction bid to purchase another 1,528.15 million baht of unsecured debt from a financial institution.

when there isBig debtsComing means opportunityMake a big profitSo..!?

Because looking back at his debt management skill Chayo In retrospect it’s not normal. Although it is less than other competing camps. Which has a net profit rate of 30-40% while net profit rate Chayo It’s 27-30%, but it’s considered good.

In 2018, net profit reached 85 million baht out of a total income of 264 million baht, and in 2019 net profit increased to 111 million baht out of a total income of 317 million baht, and in 2020 net profit reached 155 million baht out of a total income of 520 million baht. In 2021, net profit rose to 219 million baht from total income of 805 million baht.

As for 2023, how much will the growth be? This cannot be known.

But most analysts still have a positive view. Chayo The company’s regular operating results in 2023 are expected to grow approximately 30% from the previous year as a result of improved cash flow. This comes from the recovery of payment receipts in line with the economic situation and NPA sales which are expected to sell large plots of land in Q4 2023.

By recommendation “He buys” The ultimate goal 11.70 baht

There are still a lot of positives…

But if anyone sees it differently, it doesn’t matter… so many thoughts..!!

…Heh heh heh…