Company Overview

SG Capital Public Company Limited (“the Company”), a member of the Singer Thailand group, has reached a significant milestone by successfully registering on the Stock Exchange of Thailand.

This achievement is a source of great pride for the Company and its shareholders. The success is attributed to the collaborative efforts of the Board of Directors, management, and employees, who have worked with full dedication to foster continuous business growth over the past several years. This collaborative effort has instilled confidence and trust among all stakeholders.

In 2023, the Thai economy exhibited a slower growth of 1.9% compared to the previous year’s 2.5%. This deceleration was attributed to the uneven recovery across various business sectors. The household debt-to-Gross Domestic Product (GDP) ratio remained elevated, particularly among vulnerable low-income households. Conclusion of the Bank of Thailand’s financial assistance measures for COVID-19-affected borrowers impacted purchasing power, debtor quality, and repayment capabilities, leading the Company to incur a net loss of 2,275 million Baht in fiscal year 2023. Despite these challenges, the Company proactively managed the quality of its debtor portfolio, emphasizing strict control over new credit releases. Additionally, it implemented process improvements by integrating technology for enhanced efficiency and reduced management costs, ensuring competitiveness in the industry.

Moreover, the Company maintains a steadfast commitment to conducting business within the framework of good corporate governance and ethical practices. In the preceding year, the Institute of Directors (IOD), accorded the Company an “Excellent” evaluation in corporate governance a notable achievement, marking the first time the Company received the highest rating. Additionally, the Company achieved a perfect score of 100 points in the Annual General Meeting (AGM Checklist) assessment for the year 2023 conducted by the Thai Investors Association. The Company is also an active member of the Thai Private Sector Collective Action Against Corruption (CAC). These accolades underscore the Company’s dedication to growth and collaboration with stakeholders across diverse sectors.

Finally, on behalf of the Board of Directors, we express gratitude to the shareholders and all stakeholders. With the enduring confidence and trust in the Company and the dedicated ability of the Board of Directors, executives, and employees, we pledge to drive business growth, ensuring fair returns for shareholders. Adhering to principles of good governance at every operational step is our commitment for the company’s sustainable growth.

Mr. Bibit Bijaisoradat

Chairman of the Board / Independent Director