MTC Marks a Steady Revenue-Profit Rise, Unaffected by Interest Rates - Prepares for P-Loan Growth

'Chuchat Petaumpai' the big boss of MTC, asserts no impact from the rising interest rates and moves forward to fully P-Loan growth. Waiting only for the BOT to issue clear regulations, the company sets its 2019 target for revenue and profit growth at 35%, aiming for a new consecutive peak. Revealed on January 11, the plan is to soar and attract institutional investors and funds from Singapore, showcasing business potential for the next 1-3 years, never slowing down.

Chuchat Petaumpai, the CEO of Muangthai Capital Public Company Limited (MTC), revealed the company's plans for 2019. They're poised to open an additional 600 new branches, totaling over 3,900 branches nationwide by year-end, comprehensively meeting customer demands. Simultaneously, they've set a target for this year's revenue and profit to grow by 35%, achieving a new consecutive peak from the previous year, projected to surpass 40%.

"Our plans for this year are aligned with the new criteria for personal loans (P-loan) under the supervision of the Bank of Thailand. We anticipate clarity in regulations soon."

The P-loan criteria that the BOT is set to announce will likely augment MTC's growth as the company currently offers P-Loans in various forms like small loans, vehicle title loans and motorcycle loans. Under the new criteria, the interest rate ceiling is set at 28%, while the company currently operates at an interest rate of only 23%, leaving room for rate increases if financial costs rise, following the trend of deposit interest rates that are on the rise.

Moreover, the company aims to control non-performing loans (NPLs) in 2019 at a level not exceeding 2.0%

MTC's CEO further stated that on January 11, 2019, the company is set to travel to showcase the business fundamentals to institutional investors and leading funds from Singapore in collaboration with Credit Suisse, totaling 28 companies in Singapore. Subsequently, on February 21-22, 2019, they will showcase in Kuala Lumpur, Malaysia and Singapore in collaboration with Maybank Kim Eng. Additionally, on March 12-13, 2019, they will participate in the ASEAN Conference 2019 with UOB Kay Hian, taking place in Taipei, Taiwan. These showcases will highlight business trends and growth potential for the next 1-3 years, indicating further opportunities after the company's notable performance in revenue and profit growth, setting new records while maintaining low NPL ratios.