MSCI includes MTC in index calculation for a new round, anticipating increased institutional investment weight in Q4/2018 business season, bolstering consecutive record-breaking performance

MTC goes global after MSCI incorporates its stocks into the Global Standard Indices for the first time. Chuchat Petaumpai, CEO, expressed optimism, expecting institutions to focus more on investing. He believes this move will enhance stock stability, ensuring confidence for Q4/2018, a season that traditionally boosts performance, continuing the trend of breaking records.

Chuchat PEtaumpai, CEO of Muangthai Capital Public Company Limited (MTC), disclosed that MTC's inclusion in the MSCI Index marks a positive turning point. Anticipating increased investment from international institutions, especially large-sized funds using this index as a global investment benchmark, MTC stocks are now certain to garner increased international attention.

The MSCI Index, developed by Morgan Stanley Capital International, serves as a reference for institutional investors worldwide, setting standards for performance measurement using data, analytical models and various reports.

"This inclusion of MTC stocks is a significant step towards elevating our global presence. International funds predominantly recognize the importance of investing in MSCI-indexed stocks. Hence, we'll be in the spotlight for these funds, resulting in enhanced stock stability," stated Chuchat.

Meanwhile, the overall business outlook for MTC remains on a continuous growth trajectory, particularly in Q4/2018, a bustling period that historically drives annual growth. Additionally, consumer purchasing power is rebounding, agricultural product prices are adjusting upward, coinciding with various festive seasons like the end of Buddhist Lent, Loy Krathong and New Year. Thus, there is confidence that business performance will meet anticipated targets, continuing the trend of consecutive record-breaking quarters.

Regarding this year's performance outlook, the company aims for a 40% increase in revenue, net profits and loan growth, driven by continuous branch expansions. By year-end, the company plans to operate 3,300 branches, up from the current 3,200 branches. In 2022, the target is to open an additional 600 branches, totaling 3,900 branches, and reach 4,500 branches in 2023, aligning with the company's three-year business plan. Furthermore, the non-performing loan (NPL) target for this year is to be capped at 1.5%, down from the current 1.27%

The licensing criteria for operating title loan businesses under the supervision of the Bank of Thailand (BOT) is expected to be released in November, potentially presenting growth opportunities for the company's title loan business under the P-Loan license or personal loans. The company already holds a previous business license and anticipates an increase in the proportion of P-Loan in the future.