Singer Thailand Public Company LimitedExpects 25% Q3 revenue growth on strong mobile phone sales and new product launch.
Singer Thailand Public Company Limited, or SINGER, expects third-quarter revenue to grow another 25% thanks to continued strong mobile phone sales, and is preparing to launch new products under its lockable appliance program on September 28, which will help lift margins and reduce bad-debt risk. The company is also moving ahead with 44 additional branches in the third quarter, part of a full-year target of 146 branches, and will hold a major seminar called The New Singer on the same day to announce key strategies. Its partnership with SG Capital Public Company Limited, or SGC, remains a positive factor for consolidated results in the third and fourth quarters, as SGC continues to expand its lockable mobile phone loan portfolio while keeping asset quality well under control. In the rooftop solar lending business, the company is the sole distributor, with SG Finance providing loans since the second quarter, and it sees clear demand trends that should drive sales from the third quarter onward. With liquidity of more than 1 billion baht in cash on hand, the company is considering suitable investment plans and is open to feedback on share buybacks if no projects meet its targeted returns of 12 to 15 percent.
Singer Thailand Public Company LimitedExpects 25% Q3 revenue growth on strong mobile phone sales and new product launch.
SG Capital PCLSGC expands lockable mobile phone loan portfolio, supporting consolidated results.
SGC's loan portfolio growth benefits consolidated results.