Burberry, a luxury brand with a distinctive British sensibility, strong international recognition and differentiating brand values introduces ‘Nova Heart Series’ collection, an ideal gift for Valentine’s special. The new collection is now available at Burberry Shop at 1st floor of Erawan Bangkok Tel 02-250-7701, ground floor of Kaysorn Plaza Tel 02-656-1390 and M floor of Siam Paragon Tel 02-610-9719. For more information, please call at Tel 02-650-3055.
The Burberry Nova Heart Series offers Nova Heart Pilgrim, is coated canvas sling bag in the Nova check pattern printed with striped hearts. With a top zip closer, the bag is consisted with patent leather trims and piping on the seams, heart charm attached to the shoulder strap. The Nova Heart Pilgrim is priced 41,300 Baht. The Nova Heart Coin Purse is offered in heart shaped, coated canvas purse with patent leather and pvc trims and a zip around closer. The Nova Heart Coin Purse is perfect for everywhere carry-on with priced at 6,300 Baht.
Nova Heart Pilgrim, is coated canvas sling bag in the Nova check pattern printed with striped hearts and is priced at 41,300 Baht
Nova Heart Coin Purse is offered in heart shaped with priced of 6,300 Baht
Sunday, February 7, 2010
Saturday, January 30, 2010
Thai Credit Retail Bank to Re-Emphasize Its Brand as ‘Retail Bank’ and Its ‘99% Retail Portfolio’ Positioning
The Thai Credit Retail Bank (TCRB) shows appreciation towards a report on deposit and loan proportion that surpasses the target despite the world’s economic setback. Thai Credit Retail Bank is also re-emphasizing its brand as a ‘Retail Bank’ employing a ‘better opportunity better life quality for the happiness of Thai people of all ages’ strategy in order to accentuate its strength by developing the exceptionally financial products and services that are different from the other banks’. It also states that, in 2010, it will make a more aggressive move, aiming to increase the size of a new-customer base to 61%.
Mongkon Leelatum, chief executive officer and managing director of Thai Credit Retail Bank Co., Ltd. revealed that the year 2010 is the 4th year of the Thai Credit Retail bank’s operation. In the past year, Thai Credit Retail Bank has proved its operational ability by expanding its business intensively and continually a whole year. Regardless of world economic recession, it brought in the total revenue of 88%. The growth rate of deposits is 51%, compared to last year’s (end of 2008): 99% of them are customers with financial amount less than 10 million baht; average deposit per account is 437,000 baht. The growth rate of loans is 72%: 99% of them are customers with personal loan size less than 10 million baht; average loan size per account is 200,000 baht while the NPL rate is only 1.47%.
“Such a remarkable growth of Thai Credit Retail Bank and positive feedbacks from our clients reflects our marketing strategies, innovative products and financial services that perfectly match the needs of retail customers. We are satisfied with our past performance especially during the challenging time caused by economic fluctuations and drastic competitions. The year 2010 is going to be another challenging year. However, we are certain that, with our adept operational management, core-valued staff as the bank expected which are Team spirit, full of Credibility, Result Oriented and Best Service that will contribute to Thai Credit Retail Bank’s non-stop growth”.
Mongkon also mentioned that the strategy that will propel the business to its goal is ‘customer-centric’ one. Therefore, he put a great emphasis on new financial products and services for retail customers in order to answer the needs that vary upon economic circumstances and current situations. This is to render ‘better opportunity better life quality for the happiness of Thai people of all ages’. Up until now, Thai Credit Retail Bank’s most popular deposit products are the tax-free account with 4% interest and the Plus Account, the saving account which has a high liquidity and high interest, compared to a normal savings account as the interest will be deposited to customer’s account on monthly basis.
“While the most popular loan products are Gold for Cash, Home for Cash, Auto for Cash, SMEs, SE, leasing, home credit, etc,. These Thai Credit Retail Bank products are crafted to enhance its clients’ life quality by offering a happy way of paying back the debts.”
In addition, Thai Credit Retail Bank has instilled its retail positioning by taking over the Thanaban Co., Ltd., a motorcycle leasing company which possesses the 4th market share in Bangkok Metropolitan and its vicinity, to expand a retail customer base.
The 2010 operation plan is still focusing on the expansion of retail customer base. The expansion target of loans including SMEs, leasing, gold, home credit and personal is set to 60% and the deposits 43%. This year, Thai Credit Retail Bank is planning to launch a few new products which are completely different from other banks. They will be mainly about a better life quality and giving opportunity or offering a better option to customers. Besides, in the first half of this year, Thai Credit Retail Bank will launch 4 brand new branches located in Seacon Square, Ngam Wong Wan, Bangkapi and Pathumthani area seek for more business network alliances in order to accommodate a customer’s need for financial transaction. A previous cooperation that becomes successful is the nationwide ‘easy deposit convenient withdraw’ campaign done in conjunction with Thailand Post and Krung Thai Bank.
In addition to the operation plan, Thai Credit Retail Bank is also placing importance on its human resources. It provides special trainings such as gold inspection starting from basic to expert and core of how to serve customers professionally. It also open door for ‘young bloods’, who are ready to grow with the organization, to show their vigorous forces.
Mongkon Leelatum, chief executive officer and managing director of Thai Credit Retail Bank Co., Ltd. revealed that the year 2010 is the 4th year of the Thai Credit Retail bank’s operation. In the past year, Thai Credit Retail Bank has proved its operational ability by expanding its business intensively and continually a whole year. Regardless of world economic recession, it brought in the total revenue of 88%. The growth rate of deposits is 51%, compared to last year’s (end of 2008): 99% of them are customers with financial amount less than 10 million baht; average deposit per account is 437,000 baht. The growth rate of loans is 72%: 99% of them are customers with personal loan size less than 10 million baht; average loan size per account is 200,000 baht while the NPL rate is only 1.47%.
“Such a remarkable growth of Thai Credit Retail Bank and positive feedbacks from our clients reflects our marketing strategies, innovative products and financial services that perfectly match the needs of retail customers. We are satisfied with our past performance especially during the challenging time caused by economic fluctuations and drastic competitions. The year 2010 is going to be another challenging year. However, we are certain that, with our adept operational management, core-valued staff as the bank expected which are Team spirit, full of Credibility, Result Oriented and Best Service that will contribute to Thai Credit Retail Bank’s non-stop growth”.
Mongkon also mentioned that the strategy that will propel the business to its goal is ‘customer-centric’ one. Therefore, he put a great emphasis on new financial products and services for retail customers in order to answer the needs that vary upon economic circumstances and current situations. This is to render ‘better opportunity better life quality for the happiness of Thai people of all ages’. Up until now, Thai Credit Retail Bank’s most popular deposit products are the tax-free account with 4% interest and the Plus Account, the saving account which has a high liquidity and high interest, compared to a normal savings account as the interest will be deposited to customer’s account on monthly basis.
“While the most popular loan products are Gold for Cash, Home for Cash, Auto for Cash, SMEs, SE, leasing, home credit, etc,. These Thai Credit Retail Bank products are crafted to enhance its clients’ life quality by offering a happy way of paying back the debts.”
In addition, Thai Credit Retail Bank has instilled its retail positioning by taking over the Thanaban Co., Ltd., a motorcycle leasing company which possesses the 4th market share in Bangkok Metropolitan and its vicinity, to expand a retail customer base.
The 2010 operation plan is still focusing on the expansion of retail customer base. The expansion target of loans including SMEs, leasing, gold, home credit and personal is set to 60% and the deposits 43%. This year, Thai Credit Retail Bank is planning to launch a few new products which are completely different from other banks. They will be mainly about a better life quality and giving opportunity or offering a better option to customers. Besides, in the first half of this year, Thai Credit Retail Bank will launch 4 brand new branches located in Seacon Square, Ngam Wong Wan, Bangkapi and Pathumthani area seek for more business network alliances in order to accommodate a customer’s need for financial transaction. A previous cooperation that becomes successful is the nationwide ‘easy deposit convenient withdraw’ campaign done in conjunction with Thailand Post and Krung Thai Bank.
In addition to the operation plan, Thai Credit Retail Bank is also placing importance on its human resources. It provides special trainings such as gold inspection starting from basic to expert and core of how to serve customers professionally. It also open door for ‘young bloods’, who are ready to grow with the organization, to show their vigorous forces.
Friday, January 29, 2010
New Trade Landscape Emerging for Asia’s SMEs
FedEx-Commissioned Research Reveals Trade Opportunities for Asia’s SMEs Increasingly Linked to Burgeoning Demand from China’s Domestic Market And to Unrealized Potential of FTAs
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, today released the findings of new research which reveals the challenges and opportunities for Asia’s Small and Medium Sized Enterprises (SMEs) emerging from the financial crisis towards economic recovery. The study shows that while cost controls remain crucial to survival, SME exporters may benefit from both new sources of consumer demand within Asia, and from the rising volume of trade within the region—especially if more advantage is taken of its many Free Trade Agreements (FTAs).
Entitled “Towards the Recovery: Challenges and Opportunities facing Asia’s SMEs,” FedEx Express commissioned the research from The Economist Intelligence Unit (EIU). The report is based on interviews with corporate officers at SMEs, regional experts and a review of recent studies published by leading authorities, including the Asian Development Bank and national governments in the region.
“Small and medium sized enterprises, which comprise 95% of businesses in the Asia Pacific region and employ nearly 80% of the workforce, play a critical role in the region’s economy and will be vital in its recovery and growth in 2010,” said David L. Cunningham Jr., president, Asia Pacific, FedEx Express.[1] “With demand in the West making a slower recovery than Asia’s rapidly improving economic outlook, this report provides SMEs in the region with an understanding of the new trade dynamics that are emerging here. As a facilitator of trade, we believe the report’s insights will help SMEs to evaluate these new opportunities and tap into the regional recovery underway in Asia.”
One of the report’s key findings examines how SMEs stand to benefit from two new interlocking dynamics within the economies of the Asia Pacific region. The first is a need to rebalance economies in the region to reduce their reliance on consumers in developed Western markets and turn their attention towards domestic demand.
The second is intra-regional trade, by which SMEs in smaller markets in Asia may take advantage of increasing consumer demand in the region’s developing giant economies, namely China.
Against a backdrop of slow economic recovery in the West, Asian SMEs would benefit from an emerging customer base within the region. There are signs that China may be able to provide this, as its middle class becomes wealthier and policy makers seek to rebalance its economy away from a reliance on exports and towards domestic demand.
In fact, in the first three quarters of 2009, China’s retail sales grew by 15.1% year-on-year, almost as fast as before the financial crisis. The buoyant Chinese economy has the potential to anchor a new region wide trade dynamic, with China not just an assembly point for exports to Western markets, but as a final destination for goods from other Asian countries.
“Throughout this decade we have witnessed the flow of goods into China as it has acted as the assembly line for the region, and then exports out of China to the West. This research shows that Asian consumerism is a force that will lead the region back to prosperity,” Mr. Cunningham said. “FedEx is committed to assisting SMEs seek out emerging trade opportunities within and across the Asia Pacific region through our intra-Asia network which connects 22 major cities. Coupled with our flexible services we can help position SMEs to be even more competitive in today’s rapidly changing business environment.”
Linked to this trend of increasing intra-regional trade is the proliferation of Free Trade Agreements (FTA) that have been signed over recent years in an effort by Asian economies to promote more trade with each other. As of mid-2009 these economies concluded 54 FTA’s among themselves and with countries outside the region. Most recently, an FTA between China and the Association of South-East Asian Nations (ASEAN) went into effect on January 1st, 2010. This will create a common market of some 1.7 billion people and under the agreement, 90% of goods traded between China and ASEAN’s six richest member states now enjoy zero tariffs.
The trade preferences offered by FTAs represent a major opportunity for SMEs in the region to grow their cross border business. However, the research points to the fact that many SMEs, with their limited resources to handle multiple tariff schedules and document requirements, do not yet know how to make use of FTA provisions. It is clear that better official guidance and information is necessary if SMEs are to take advantage of Asia’s evolving trade dynamics.
“FedEx is a supporter of any act or process that facilitates trade,” Cunningham said. “Confusing customs regulations, duties and taxes remain one of the biggest barriers for SMEs in accessing international markets, which is why FedEx offers dedicated software solutions that help small business expand their reach quickly and simply.”
One such example is FedEx Global Trade Manager, an online tool that simplifies international shipping by identifying the documents needed for shipping to more than 200 countries. The free, online resource even calculates various taxes and duties needed in the process.
“We commissioned this research recognizing the importance of SMEs to the region’s economy and also to the future development of the express market. Today’s international exporters are not major multinational companies, but small businesses,” Cunningham said. “FedEx helps small business owners go global from day one through greater access and its tailored portfolio designed to meet the unique needs of SMEs with personalized services, innovations, tools and discounts focused on value, reliability, reach and service. It is particularly satisfying to see these services as being increasingly relevant in Asia’s changing economies.”
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, today released the findings of new research which reveals the challenges and opportunities for Asia’s Small and Medium Sized Enterprises (SMEs) emerging from the financial crisis towards economic recovery. The study shows that while cost controls remain crucial to survival, SME exporters may benefit from both new sources of consumer demand within Asia, and from the rising volume of trade within the region—especially if more advantage is taken of its many Free Trade Agreements (FTAs).
Entitled “Towards the Recovery: Challenges and Opportunities facing Asia’s SMEs,” FedEx Express commissioned the research from The Economist Intelligence Unit (EIU). The report is based on interviews with corporate officers at SMEs, regional experts and a review of recent studies published by leading authorities, including the Asian Development Bank and national governments in the region.
“Small and medium sized enterprises, which comprise 95% of businesses in the Asia Pacific region and employ nearly 80% of the workforce, play a critical role in the region’s economy and will be vital in its recovery and growth in 2010,” said David L. Cunningham Jr., president, Asia Pacific, FedEx Express.[1] “With demand in the West making a slower recovery than Asia’s rapidly improving economic outlook, this report provides SMEs in the region with an understanding of the new trade dynamics that are emerging here. As a facilitator of trade, we believe the report’s insights will help SMEs to evaluate these new opportunities and tap into the regional recovery underway in Asia.”
One of the report’s key findings examines how SMEs stand to benefit from two new interlocking dynamics within the economies of the Asia Pacific region. The first is a need to rebalance economies in the region to reduce their reliance on consumers in developed Western markets and turn their attention towards domestic demand.
The second is intra-regional trade, by which SMEs in smaller markets in Asia may take advantage of increasing consumer demand in the region’s developing giant economies, namely China.
Against a backdrop of slow economic recovery in the West, Asian SMEs would benefit from an emerging customer base within the region. There are signs that China may be able to provide this, as its middle class becomes wealthier and policy makers seek to rebalance its economy away from a reliance on exports and towards domestic demand.
In fact, in the first three quarters of 2009, China’s retail sales grew by 15.1% year-on-year, almost as fast as before the financial crisis. The buoyant Chinese economy has the potential to anchor a new region wide trade dynamic, with China not just an assembly point for exports to Western markets, but as a final destination for goods from other Asian countries.
“Throughout this decade we have witnessed the flow of goods into China as it has acted as the assembly line for the region, and then exports out of China to the West. This research shows that Asian consumerism is a force that will lead the region back to prosperity,” Mr. Cunningham said. “FedEx is committed to assisting SMEs seek out emerging trade opportunities within and across the Asia Pacific region through our intra-Asia network which connects 22 major cities. Coupled with our flexible services we can help position SMEs to be even more competitive in today’s rapidly changing business environment.”
Linked to this trend of increasing intra-regional trade is the proliferation of Free Trade Agreements (FTA) that have been signed over recent years in an effort by Asian economies to promote more trade with each other. As of mid-2009 these economies concluded 54 FTA’s among themselves and with countries outside the region. Most recently, an FTA between China and the Association of South-East Asian Nations (ASEAN) went into effect on January 1st, 2010. This will create a common market of some 1.7 billion people and under the agreement, 90% of goods traded between China and ASEAN’s six richest member states now enjoy zero tariffs.
The trade preferences offered by FTAs represent a major opportunity for SMEs in the region to grow their cross border business. However, the research points to the fact that many SMEs, with their limited resources to handle multiple tariff schedules and document requirements, do not yet know how to make use of FTA provisions. It is clear that better official guidance and information is necessary if SMEs are to take advantage of Asia’s evolving trade dynamics.
“FedEx is a supporter of any act or process that facilitates trade,” Cunningham said. “Confusing customs regulations, duties and taxes remain one of the biggest barriers for SMEs in accessing international markets, which is why FedEx offers dedicated software solutions that help small business expand their reach quickly and simply.”
One such example is FedEx Global Trade Manager, an online tool that simplifies international shipping by identifying the documents needed for shipping to more than 200 countries. The free, online resource even calculates various taxes and duties needed in the process.
“We commissioned this research recognizing the importance of SMEs to the region’s economy and also to the future development of the express market. Today’s international exporters are not major multinational companies, but small businesses,” Cunningham said. “FedEx helps small business owners go global from day one through greater access and its tailored portfolio designed to meet the unique needs of SMEs with personalized services, innovations, tools and discounts focused on value, reliability, reach and service. It is particularly satisfying to see these services as being increasingly relevant in Asia’s changing economies.”
Friday, November 20, 2009
Thai listed firms record 9M/2009 net profits of over THB300 billion
In 9M/2009, companies listed on The Stock Exchange of Thailand (SET) posted aggregate net profits of THB 323.94 billion (approx. USD9.76 billion) and total sales of THB4.50 trillion (approx. USD135.77 billion), while Q3/2009 performance recorded an increase of 24% over the same period last year. The top three industry groups were, in descending order of profitability, Resources, Financials, and Property and Construction Industry Groups. The top five firms, in descending order of profitability were PTT, SCC, PTTEP, SCB, and BBL.
As of September 30, 466 of 500 SET-listed companies, including 25 property funds, had reported their operating results for 9M/2009, with aggregate net profits of THB323.94 billion (approx. USD9.76 billion), a 17% drop year-on-year (y-o-y). Among those which submitted their reports, 353 companies posted net profits, while 113 reported net losses - a 76:24 ratio. Total net profits in Q3/2009 were THB115.10 billion (approx. USD3.47 billion), a 24% year-on-year (y-o-y) increase, revealed SET President Patareeya Benjapolchai.
“If we look at the overview picture of SET-listed firms’ quarterly performance from Q1/2009-Q3/2009, it shows continual improvement in their operating performance. The total net profit in Q2/2009 was at THB124.20 billion (approx. USD3.74 billion), a 51% increase over Q1/2009’s net profit of THB82.46 billion (approx. USD2.48 billion). The operating performance decreased slightly in Q3/2009, which recorded a total net profit of THB115.11 billion (approx USD3.47 billion), 7% down over Q2/2009.
“Meanwhile, SET-listed firms recorded a consistent rise in total sales. Total sales in Q2/2009 increased 12% over those of Q1/2009, while Q3/2009 sales increased 9% over those of Q2/2009. This record shows the strength and potential of listed companies even though they had to confront with economic crisis,” noted Ms. Patareeya.
SET100 Index companies’ Q3/2009 net profits was at THB97.30 billion (approx. USD2.93 billion), or a 22% increase y-o-y, while 9M/2009 net profits was at THB287.56 billion (approx. USD8.66 billion), accounting for 89% of total net profits of SET-listed firms, or a 15% decrease (y-o-y), with total sales dropping by 24%. Meanwhile, cost of sales recorded a 27% drop, resulting in an increase in gross profit margin to 20%, from 17%.
The top five most profitable stocks, in descending order, were PTT PCL (PTT), The Siam Cement PCL (SCC).PTT Exploration and Production PCL (PTTEP), The Siam Commercial Bank PCL (SCB), and Bangkok Bank PCL (BBL).
The 448 listed firms in the eight industry groups (excluding companies in the non-compliance and non-performing groups) saw total net profit in 9M/2009 of THB323.41 billion (approx. USD9.75 billion), a 17% decrease y-o-y. The operating performance in Q3/2009 showed the net profit of THB114.27 (approx. USD3.44 billion), a 23% increase y-o-y. The Resources, Financials and Property and Construction are the industry groups with the highest net profit.
In order of descending net profitability, the industry groups’ 9M/2009 results are as follows:
1. Resources Industry Group: (consisting of the Energy and Utilities and Mining sectors) This group’s combined net profit was THB129.20 billion (approx. USD3.90 billion), a 16% drop y-o-y. Meanwhile, Q3/2009 net profit recorded a 75% increase over Q3/2008, which recorded net profit of THB40.04 billion (approx. USD1.20 billion)
2. Financial Industry Group: (consisting of the Banking, Finance and Securities and Insurance sectors) This group’s combined net profit was THB76.08 billion (approx. USD2.30 billion), a 4 % decrease y-o-y. Meanwhile, Q3/2009 net profit recorded a 10% increase over Q3/2008, which recorded net profit of THB28.39 billion (approx. USD855.49 million)
3. Property and Construction Industry Group: (consisting of the Property Development and Construction Materials sectors, plus Property Funds) This group’s combined net profit was THB46.52 billion (approx. USD1.40 billion), a y-o-y increase of 3%. Meanwhile, Q3/2009 net profit recorded a 39% increase over Q3/2008, which recorded net profit of THB17.75 billion (approx. USD534.82 million)
4. Technology Industry Group: (consisting of the Information and Communication Technology and Electronic Components sectors) These firms’ combined net profit was THB30.15 billion (approx. USD908.37 million), a y-o-y decrease of 18%. Meanwhile, Q3/2009 net profit recorded a 5% increase over Q3/2008, which recorded net profit of THB10.35 billion (approx. USD311.99 million)
5. Agro and Food Industry Group: (consisting of the Food and Beverage and Agribusiness sectors). This group’s net profit was THB21.15 billion (approx. 637.21 million), a 32% increase y-o-y. Meanwhile, Q3/2009 net profit recorded a 48% increase over Q3/2008, which recorded net profit of THB8.65 billion (approx. USD260.73 million).
6. Services Industry Group: (consisting of the Commerce, Health Care Services, Media and Publishing, Professional Services, Tourism and Leisure, and Transportation and Logistics sectors). This group posted a combined net profit of THB17.09 billion (approx. 514.99 million), a decrease of 7% over 9M/2008. Meanwhile, Q3/2009 net profit recorded a 65 % decrease over Q3/2008, which recorded net profit of THB2.60 billion (approx. USD77.41 million)
7. Consumer Products Industry Group: (consisting of Fashion, Home and Office Products, Personal Products and Pharmaceuticals sectors) This group posted a net profit of THB 3.64 billion (approx. USD 109.74 million), a y-o-y decrease of 12%. Meanwhile, Q3/2009 net profit recorded a 3 % increase over Q3/2008, which recorded net profit of THB1.34 billion (approx. USD40.50 million)
8. Industrials Industry Group: (consisting of the Automotive, Industrial Materials and Machinery, Packaging, Paper and Printing Materials and Petrochemicals and Chemicals sectors) This group’s combined net loss amounted to THB405 million (approx. USD12.20 million), a decrease y-o-y, which recorded net profit of THB38.16 billion (approx. USD1.15 billion). Meanwhile, Q3/2009 net profit recorded a 25 % decrease over Q3/2008, which recorded net profit of THB5.15 billion (approx. USD155.09 million)
As of September 30, 466 of 500 SET-listed companies, including 25 property funds, had reported their operating results for 9M/2009, with aggregate net profits of THB323.94 billion (approx. USD9.76 billion), a 17% drop year-on-year (y-o-y). Among those which submitted their reports, 353 companies posted net profits, while 113 reported net losses - a 76:24 ratio. Total net profits in Q3/2009 were THB115.10 billion (approx. USD3.47 billion), a 24% year-on-year (y-o-y) increase, revealed SET President Patareeya Benjapolchai.
“If we look at the overview picture of SET-listed firms’ quarterly performance from Q1/2009-Q3/2009, it shows continual improvement in their operating performance. The total net profit in Q2/2009 was at THB124.20 billion (approx. USD3.74 billion), a 51% increase over Q1/2009’s net profit of THB82.46 billion (approx. USD2.48 billion). The operating performance decreased slightly in Q3/2009, which recorded a total net profit of THB115.11 billion (approx USD3.47 billion), 7% down over Q2/2009.
“Meanwhile, SET-listed firms recorded a consistent rise in total sales. Total sales in Q2/2009 increased 12% over those of Q1/2009, while Q3/2009 sales increased 9% over those of Q2/2009. This record shows the strength and potential of listed companies even though they had to confront with economic crisis,” noted Ms. Patareeya.
SET100 Index companies’ Q3/2009 net profits was at THB97.30 billion (approx. USD2.93 billion), or a 22% increase y-o-y, while 9M/2009 net profits was at THB287.56 billion (approx. USD8.66 billion), accounting for 89% of total net profits of SET-listed firms, or a 15% decrease (y-o-y), with total sales dropping by 24%. Meanwhile, cost of sales recorded a 27% drop, resulting in an increase in gross profit margin to 20%, from 17%.
The top five most profitable stocks, in descending order, were PTT PCL (PTT), The Siam Cement PCL (SCC).PTT Exploration and Production PCL (PTTEP), The Siam Commercial Bank PCL (SCB), and Bangkok Bank PCL (BBL).
The 448 listed firms in the eight industry groups (excluding companies in the non-compliance and non-performing groups) saw total net profit in 9M/2009 of THB323.41 billion (approx. USD9.75 billion), a 17% decrease y-o-y. The operating performance in Q3/2009 showed the net profit of THB114.27 (approx. USD3.44 billion), a 23% increase y-o-y. The Resources, Financials and Property and Construction are the industry groups with the highest net profit.
In order of descending net profitability, the industry groups’ 9M/2009 results are as follows:
1. Resources Industry Group: (consisting of the Energy and Utilities and Mining sectors) This group’s combined net profit was THB129.20 billion (approx. USD3.90 billion), a 16% drop y-o-y. Meanwhile, Q3/2009 net profit recorded a 75% increase over Q3/2008, which recorded net profit of THB40.04 billion (approx. USD1.20 billion)
2. Financial Industry Group: (consisting of the Banking, Finance and Securities and Insurance sectors) This group’s combined net profit was THB76.08 billion (approx. USD2.30 billion), a 4 % decrease y-o-y. Meanwhile, Q3/2009 net profit recorded a 10% increase over Q3/2008, which recorded net profit of THB28.39 billion (approx. USD855.49 million)
3. Property and Construction Industry Group: (consisting of the Property Development and Construction Materials sectors, plus Property Funds) This group’s combined net profit was THB46.52 billion (approx. USD1.40 billion), a y-o-y increase of 3%. Meanwhile, Q3/2009 net profit recorded a 39% increase over Q3/2008, which recorded net profit of THB17.75 billion (approx. USD534.82 million)
4. Technology Industry Group: (consisting of the Information and Communication Technology and Electronic Components sectors) These firms’ combined net profit was THB30.15 billion (approx. USD908.37 million), a y-o-y decrease of 18%. Meanwhile, Q3/2009 net profit recorded a 5% increase over Q3/2008, which recorded net profit of THB10.35 billion (approx. USD311.99 million)
5. Agro and Food Industry Group: (consisting of the Food and Beverage and Agribusiness sectors). This group’s net profit was THB21.15 billion (approx. 637.21 million), a 32% increase y-o-y. Meanwhile, Q3/2009 net profit recorded a 48% increase over Q3/2008, which recorded net profit of THB8.65 billion (approx. USD260.73 million).
6. Services Industry Group: (consisting of the Commerce, Health Care Services, Media and Publishing, Professional Services, Tourism and Leisure, and Transportation and Logistics sectors). This group posted a combined net profit of THB17.09 billion (approx. 514.99 million), a decrease of 7% over 9M/2008. Meanwhile, Q3/2009 net profit recorded a 65 % decrease over Q3/2008, which recorded net profit of THB2.60 billion (approx. USD77.41 million)
7. Consumer Products Industry Group: (consisting of Fashion, Home and Office Products, Personal Products and Pharmaceuticals sectors) This group posted a net profit of THB 3.64 billion (approx. USD 109.74 million), a y-o-y decrease of 12%. Meanwhile, Q3/2009 net profit recorded a 3 % increase over Q3/2008, which recorded net profit of THB1.34 billion (approx. USD40.50 million)
8. Industrials Industry Group: (consisting of the Automotive, Industrial Materials and Machinery, Packaging, Paper and Printing Materials and Petrochemicals and Chemicals sectors) This group’s combined net loss amounted to THB405 million (approx. USD12.20 million), a decrease y-o-y, which recorded net profit of THB38.16 billion (approx. USD1.15 billion). Meanwhile, Q3/2009 net profit recorded a 25 % decrease over Q3/2008, which recorded net profit of THB5.15 billion (approx. USD155.09 million)
Sunday, November 8, 2009
Kitchenware-maker sees Afta export boost
Satien Stainless Steel, manufacturer of Zebra stainless-steel kitchenware, says it will take advantage of the Asean Free Trade Agreement to increase its export value next year.
"I foresee Afta as a positive factor for my business, as Zebra cancompete in the world market and increase vevenue from the export market," said vice chief executive Ekachai Youngvanich.
However, he said export revenue might not rise sharply, because other Asean countries had measures to protect their local businesses. The baht is also expected to continue fluctuating, and Thai products might lose competitiveness to their rivals because of this.
The company targets increasing the export proportion of its revenue next year by 5-10 per cent, from 30 per cent now, thanks to advantages arising from Afta and plant expansion.The company's major export markets are in Southeast Asia: the Philippines, Indonesia,Singapore and Vietnam, It will expand to new markets in areas including Africa next year, because of the huge potential for growth.
Satien Stainless Steel is spending Bt200 milliion to expand its existing plant by 10,000 square metres. This will boost production capacity 10-15 per cent from the current 6,000 tonnes per year. It expects to run at the new full capacity by the middle of next year.
Ekachai said that although other kitchenware brands could enter the Thai market, Zebra was not worried about competition from international brands. Most of them are targeted at the low end of the market, while Zebra is strong in the premium market.
In Thailand, the company plans to expand into the catering market, in order to widen its clients from hotels and restaurants. Caterers currently provide only 5 per cent of company revenue.
Ekachai said Zebra would set up a sales team to boost sales in this segment.
"I foresee Afta as a positive factor for my business, as Zebra cancompete in the world market and increase vevenue from the export market," said vice chief executive Ekachai Youngvanich.
However, he said export revenue might not rise sharply, because other Asean countries had measures to protect their local businesses. The baht is also expected to continue fluctuating, and Thai products might lose competitiveness to their rivals because of this.
The company targets increasing the export proportion of its revenue next year by 5-10 per cent, from 30 per cent now, thanks to advantages arising from Afta and plant expansion.The company's major export markets are in Southeast Asia: the Philippines, Indonesia,Singapore and Vietnam, It will expand to new markets in areas including Africa next year, because of the huge potential for growth.
Satien Stainless Steel is spending Bt200 milliion to expand its existing plant by 10,000 square metres. This will boost production capacity 10-15 per cent from the current 6,000 tonnes per year. It expects to run at the new full capacity by the middle of next year.
Ekachai said that although other kitchenware brands could enter the Thai market, Zebra was not worried about competition from international brands. Most of them are targeted at the low end of the market, while Zebra is strong in the premium market.
In Thailand, the company plans to expand into the catering market, in order to widen its clients from hotels and restaurants. Caterers currently provide only 5 per cent of company revenue.
Ekachai said Zebra would set up a sales team to boost sales in this segment.
Makeover for M&S as profits stay flat
Marks and Spencer will begin selling grocery and household products featuring top brand names across all of its stores in Britain alongside its ownlabelled goods.
Alongside news of flat first-half profits,Marks and Spencer said it would break with tradition and start selling products such as Coca-Cola fizzy drinks, Kelloggs cereals and Persil washing powder in a bid to improve sales.
"Marks & Spencer announces today that it is to sell a selected range of around 400 branded grocery and household products in all of its UK stores," the company said in a statement.
Company chairman Stuart Rose said the change would make it "so much more convenient" for customers to purchase their goods in just one shop.
The announcement comes as M&S said net profits rose just half-a-percent to ฃ224.3 million during the first six months of its financial year.
Alongside news of flat first-half profits,Marks and Spencer said it would break with tradition and start selling products such as Coca-Cola fizzy drinks, Kelloggs cereals and Persil washing powder in a bid to improve sales.
"Marks & Spencer announces today that it is to sell a selected range of around 400 branded grocery and household products in all of its UK stores," the company said in a statement.
Company chairman Stuart Rose said the change would make it "so much more convenient" for customers to purchase their goods in just one shop.
The announcement comes as M&S said net profits rose just half-a-percent to ฃ224.3 million during the first six months of its financial year.
Johnson & Johnson to tighten belt
Johnson & Johnson said on Tuesday it would trim layers of management, cut thousands of jobs, and set other restructuring moves in order to save up to $900 million next year.
The New Jersey-based company said the cuts would affect 6 to 7% of its global workforce of roughly 118,700 workers,or potentially more than 8,000 jobs.
The lay-offs will prompt a restructuring charge of up to $1.3 billion pretax in the fourth quarter. Still, the company confirmed adjusted profit guidance between $4.54 and $4.59 per share for 2009.
Johnson & Johnson plans to simplify its business structure and projects that it will save between $1.4 billion and $1.7 billion annually after the restructuring is complete in 2011.
The company, the world's most diversified health-products maker, saw its revenue fall 5% in the third quarter as intensifying generic competition slashed sales of about a half-dozen of its prescription drugs, including the schizophrenia drug Risperdal and the epilepsy treatment Topamax.
Chairman and CEO William C. Weldon said the moves were meant to position the company for long-term growth in an evolving, and sometimes turbulent,market.
"These types of changes are difficult under any circumstances, and will have a very personal impact on people who have been dedicated to the mission of Johnson & Johnson," he said."We recognise their contributions to the achievements of our business, and are committed to treating them fairly and with respect throughout this process."
The new restructuring programme comes on the heels of management's decision to reorganise its comprehensive care business in August. That unit was created under a 2008 restructuring programme with the goal of boosting sales,though sales were down during the first half of 2009. The unit makes medical devices and tests.
"When you look at the total economic environment, I don't think anybody knows what's going to happen," Weldon said."But nobody expects it to come back tomorrow."
He said the move was based on a broad, global view of the changing healthcare industry, taking into account national and international markets. As for health care reform, management has said it needs more clarity on what any future plan could look like before assessing a more concrete impact on the business."The restructuring programme is also not a move to centralise J&J's operations," Weldon added.
"We're trying to make sure we've really set ourselves up for the future," he said."We have such a rich portfolio that we have to make sure we have the resources to invest."
The New Jersey-based company said the cuts would affect 6 to 7% of its global workforce of roughly 118,700 workers,or potentially more than 8,000 jobs.
The lay-offs will prompt a restructuring charge of up to $1.3 billion pretax in the fourth quarter. Still, the company confirmed adjusted profit guidance between $4.54 and $4.59 per share for 2009.
Johnson & Johnson plans to simplify its business structure and projects that it will save between $1.4 billion and $1.7 billion annually after the restructuring is complete in 2011.
The company, the world's most diversified health-products maker, saw its revenue fall 5% in the third quarter as intensifying generic competition slashed sales of about a half-dozen of its prescription drugs, including the schizophrenia drug Risperdal and the epilepsy treatment Topamax.
Chairman and CEO William C. Weldon said the moves were meant to position the company for long-term growth in an evolving, and sometimes turbulent,market.
"These types of changes are difficult under any circumstances, and will have a very personal impact on people who have been dedicated to the mission of Johnson & Johnson," he said."We recognise their contributions to the achievements of our business, and are committed to treating them fairly and with respect throughout this process."
The new restructuring programme comes on the heels of management's decision to reorganise its comprehensive care business in August. That unit was created under a 2008 restructuring programme with the goal of boosting sales,though sales were down during the first half of 2009. The unit makes medical devices and tests.
"When you look at the total economic environment, I don't think anybody knows what's going to happen," Weldon said."But nobody expects it to come back tomorrow."
He said the move was based on a broad, global view of the changing healthcare industry, taking into account national and international markets. As for health care reform, management has said it needs more clarity on what any future plan could look like before assessing a more concrete impact on the business."The restructuring programme is also not a move to centralise J&J's operations," Weldon added.
"We're trying to make sure we've really set ourselves up for the future," he said."We have such a rich portfolio that we have to make sure we have the resources to invest."
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