CHAYO Groupโ Eyes Expansion with Jointโ Venture โAMC, Anticipatesโข Increased Debt Portfolio
Bangkok, Thailand -โ chayo Group Public Company limited (CHAYO) is โขpositioning itself โคto capitalize on new opportunities arising from bank of Thailand guidelines promoting joint venture โคAsset Managementโข Companies (AMCs), according to CEO suksan โYasasin. The initiative, designed to address debt issues within the public and โSME โฃsectors, isโ expected to bolster CHAYO’s business growth and โstrategic partnerships.
The JV structure will allow CHAYO to swiftly acquire โdebt and possibly โresell โขit to โother AMCs atโ favorable prices, while also facilitating continuous debt โคacquisition through improved access toโค 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 โpurchases should more debt become available and โprices decline, particularly in December.
Yuanta โคSecurities (Thailand) forecasts an acceleration in CHAYO’s operating results in the secondโค half of 2025, driven by effective management ofโ newly acquired bad โฃdebts and increased Non-Performing asset (NPA) โsales typically seen at year-end. This is projectedโ to result inโข a net profitโค of 454 โmillion baht for 2025.
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