mai-listed companies post total sales of THB 48.38 bln in Q1/2022

May 27, 2022. BANGKOK.

Q1 combined sales up 20.4 pct y-o-y to THB 48.38 bln - Net profit up 21 pct y-o-y to THB 2.74 bln - Services, Property & Construction, Technology, and Agro & Food Industry industry groups with higher operating profits.

Bangkok, May 27, 2022 –Market for Alternative Investment (mai)-listed companies recorded total sales of THB 48.38 billion (approx. USD 1.41 billion) in the first quarter of 2022, or a 20.4 percent rise from the same period last year, while operating profits totaled THB 2.50 billion, or a 7.2 percent drop. The industry groups that delivered the higher operating profits over the same period were Services, Property & Construction, Technology and Agro & Food Industry.

mai President Prapan Charoenprawatt said that 179 mai-listed companies or 96 percent of the total 186 companies (excluding those in the non-compliance or NC group and those with different accounting period close) submitted their financial reports for the first quarter ended March 31, 2022. Out of these, 119 listed companies, accounting for 66 percent, recorded net profits.

For the first quarter of 2022, mai-listed companies’ cost of goods sold increased by 25.6 percent from the same period a year ago to THB 38.44 billion, lowering gross profit margin to 20.5 percent from 23.8 percent. However, the overall net profit amounted to THB 2.74 billion, a 21 percent rise, due to the fact that a listed company recognized one-off profit worth THB 1.42 billion from a disposal of a power plant. Compared with the final quarter of last year, mai-listed companies’ combined sales rose by 0.6 percent with the lower gross profit margin to 20.5 percent from 21.6 percent, and a 10.9 percent decline in operating profits.

“In the first quarter of 2022, the government further relaxed the COVID-19 restrictions, enabling most business organizations to resume the near normal activities. The Russia-Ukraine war impacted mai-listed companies’ costs and started to erode their profitability, however. All in all, four industry groups comprising Services, Property & Construction, Technology and Agro & Food Industry managed to record higher operating,” added Prapan.

In terms of financial position, mai-listed firms’ total assets rose by 1.78 percent from the end of 2021 to THB 289.80 billion at the end of March 2022. The overall financial structure was strengthened, with debt-to-equity ratio (D/E ratio) of 0.94 time, a decrease from 1.02 times at end 2021.

As of May 25, 2022, there were 186 mai-listed companies and the benchmark Index closed at 641.64 points, with the total market capitalization of THB 524.36 billion and average daily trading value of THB 7.61 billion.

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Attachment of SET Release 40/2022 Q1/2022

mai-listed companies’ performance by industry groups

Q1/2022 mai-listed companies’ profit margin by industry groups

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Members of the media please contact the Media Relations Unit, Corporate Communications Dept.: Oranan Paweewun tel: +66 (0) 2009 9489/ Arada Therdthammakun tel: +66 (0) 2009 9483/ Kanokwan Khemmalai tel:+66 (0) 2009 9478

Bank of Singapore unveils onshore entity to capture growth opportunities in Malaysia

June 1, 2022. SINGAPORE, MALAYSIA.

With the opening of BOSWM Malaysia, it further expands Bank of Singapore’s coverage of the Southeast Asia region.

The official opening was officiated by the Group CEO of OCBC Bank, Ms Helen Wong (2nd right); Bank of Singapore CEO, Mr Bahren Shaari (2nd left); Bank of Singapore Global Market Head (Singapore, Malaysia & International), Mr Olivier Denis (leftmost); & BOSWM Malaysia CEO Mr Teh Chi-Cheun. Bank of Singapore

Bank of Singapore, the private banking arm of Southeast Asia’s second largest financial services group, OCBC Group, today unveiled its onshore entity, BOS Wealth Management Malaysia (BOSWM Malaysia), that further positions Bank of Singapore to capture growth opportunities in Malaysia. By leveraging on Bank of Singapore’s expertise, BOSWM Malaysia will be able to offer a comprehensive range of customised wealth management solutions and investment advisory services to its ultra-high and high net worth clients in Malaysia.

The establishment of BOSWM Malaysia makes Malaysia the first market after Singapore to have a comprehensive onshore presence that supports OCBC Group’s core business pillars – banking, wealth management and insurance. Other subsidiaries that have presence in Malaysia include OCBC Bank Malaysia and Great Eastern. This supports the vision of OCBC Group to become the leading wealth management player in Malaysia.

The launch of BOSWM Malaysia also comes at an opportune time. According to Knight Frank’s Wealth Report 2022, Malaysia is expected to see a 43% increase in the number of ultra-high net worth individuals between 2021 and 2026 – one of the fastest in Asia.

Heading the Malaysian entity is Chief Executive Officer Mr Teh Chi-Cheun, a veteran finance professional with over 25 years of experience in investment and asset management. BOSWM Malaysia presently has close to 60 employees.

An official opening ceremony was held today and was attended by the Group Chief Executive Officer of Bank of Singapore’s parent company OCBC Bank, Ms Helen Wong; Bank of Singapore Chief Executive Officer, Mr Bahren Shaari; and OCBC Bank Malaysia Chief Executive, Dato’ Ong Eng Bin; as well as the staff of BOSWM Malaysia.

Chief Executive Officer of Bank of Singapore, Mr Bahren Shaari, said, “Establishing an onshore presence in Malaysia through BOSWM Malaysia positions Bank of Singapore well to serve the wealth and investment needs of Malaysia’s ultra-high net worth and high net worth individuals. There is clearly potential for this market to develop and flourish – we can build on the existing synergy in this market given that the OCBC Group is already well represented here through its subsidiaries, OCBC Malaysia and Great Eastern.”

For media queries, please contact:

Dawn Sin Vice-president Group Brand & Communications OCBC Bank Email: dawnsin@ocbc.com

Ow Yong Weng Leong Vice-president Group Brand & Communications OCBC Bank Email: wengleong@ocbc.com

J-Startup Hour 119th "Sapporo / Hokkaido Session" will be held from 18:00 on 4/28 (Thursday)!

April 25, 2022. HOKKAIDO.

The Ministry of Economy, Trade and Industry is holding "J-Startup Hour" as a part of the flagship program "Thursday Gathering" of Venture Cafe Tokyo, which is held every Thursday at CIC Tokyo.

The 119th J-Startup Hour on 4/28 (Thursday) will be titled "Sapporo / Hokkaido Session" and will be attended by 6 J-Startup HOKKAIDO companies. Meet-up is planned after the event. It will be an opportunity to connect with startups in Sapporo and Hokkaido, so please join us! !!

[Overview]

Title: J-Startup Hour 119th "Sapporo / Hokkaido Session"

Date and time: Thursday, April 28, 2022 18: 00-19: 00

Location: Toranomon Hills Business Tower 15th Floor CIC Tokyo / Online

【Speakers】

・ Mr. Toshihiro Nakazono, General Manager, Management Headquarters, Iwatani Giken Co., Ltd.

・ Mr. Takahiro Inagawa, President of Interstellar Technologies Inc.

・ Mr. Yuji Nishijima, CEO of Imple Co., Ltd.

・ Mr. Takeshi Yamamoto, Director and CTO of AirShare Inc.

・ Mr. Ryo Takahashi, Corporate Planning Department, Harmony Giken Co., Ltd.

・ Mr. Tomonao Fujita, CEO of Netdoor Co., Ltd.