CHAYO Group Eyes Expansion with Joint Venture AMC, Anticipates Increased Debt Portfolio
Bangkok, Thailand - chayo Group Public Company limited (CHAYO) is positioning itself to capitalize on new opportunities arising from bank of Thailand guidelines promoting joint venture Asset Management Companies (AMCs), according to CEO suksan Yasasin. The initiative, designed to address debt issues within the public and SME sectors, is expected to bolster CHAYO’s business growth and strategic partnerships.
The JV structure will allow CHAYO to swiftly acquire debt and possibly resell it to other AMCs at favorable prices, while also facilitating continuous debt acquisition through improved access to bank funding and competitive financial costs.
while the company anticipates slower growth in the second half of 2024 due to limited debt sales, CHAYO remains poised to increase purchases should more debt become available and prices decline, particularly in December.
Yuanta Securities (Thailand) forecasts an acceleration in CHAYO’s operating results in the second half of 2025, driven by effective management of newly acquired bad debts and increased Non-Performing asset (NPA) sales typically seen at year-end. This is projected to result in a net profit of 454 million baht for 2025.
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