INVESTOR

Company Information

Background

PSG Corporation Public Company Limited ("the Company"), formerly known as “T Engineering Corporation Public Company Limited”, is a multifaceted construction company offering a wide range of services, including civil engineering, installation, system engineering, and other EPC services. The Company has a proven track record of more than 40 years and has been well-known in the industry. Furthermore, it has also been certified by ISO Certification Institute (MASCI) for ISO 9001: 2015.

The Company has delivered construction projects for both government agencies and private companies, including Thai Airways International, Siam Cement Group, and Thai Beer (1991) Group. Furthermore, the Company is recognized for its ability to complete construction projects within the time frame specified and in accordance with the terms and conditions of contracts with partners and financial institutions, ensuring that the interests of all stakeholders are well served.

 

Message from the Chairman and CEO

MR. VAN HOANG DAU

Chairman of the Board of Directors

MR. DAVID VAN DAU

Chairman of Executive Committee

PSG Corporation Public Company Limited (“PSGC") reached significant milestones in 2022 despite challenging social and economic conditions. In a turnaround year, PSGC was able to deliver steady construction progress allowing it to realize relatively significant revenue in a short period of time, resulting in positive cash flow and profitability. Most, if not all of the previous legal and financial issues of the Company have now been resolved and a firm foundation is set for the new chapter in PSGC’s future. Under a new direction and paradigm PSGC will continue to evolve on both a corporate and business level.

On a corporate level, new policies in terms of employee compensation and benefits have been implemented resulting in a more competitive and well-rounded employee eco-system. Additional measures to train and upskill our workforce are underway, as well as aggressive recruitment for fresh talent, bringing in new perspectives and opportunities. The Company will also continue to update its rigorous internal controls to ensure accountability and transparency.

On a business level, although construction and engineering will always be in the Company’s DNA, it is overwhelmingly clear that the Company’s previous business model has become obsolete due to deteriorating profit margins stemming from intense competition and dominance by large market participants, especially in Thailand. For this reason, PSGC has looked to neighboring countries for new business opportunities. In addition, Management has set its sights on diversification into other industries, particularly renewable energy. Climate change is one of the most important challenges of our time and rapid transition to renewable forms of energy is the global solution. Such rapid transformation creates tremendous market opportunities for growth. PSGC has positioned itself to take advantage of the regional transition from fossil fuels to renewable energy through its MOU with the Government of Lao PDR relating to the feasibility study for the development of pumped storage hydroelectricity (“PSH”). Using PSH’s low-cost, high-volume energy storage properties combined with other forms of intermittent renewable energy, PSGC will be able to deliver clean, and most importantly, stable energy solutions to regional markets looking to phase out fossil fuel power plants.

Although PSGC is in a positive position to capitalize on the regional renewable energy transition in the long-term, we are keenly aware that such development takes an extensive amount of time. In the medium term, for the Company to scale quickly and enhance shareholder return, Management must also look to mergers and acquisitions (“M&A”). We ask for our investors and shareholders continued patience as we ensure that potential M&A opportunities are fully vetted and comply with all relevant rules and regulations before making any formal announcements.

Lastly, we would like to express our sincerest appreciation and reaffirm to all our stakeholders, our commitment to deliver a Company with positive fundamentals and long-term potential for growth and are excited to be on this journey together as we begin a new and exciting chapter for PSGC.

Nature of Business

Business Structure

PSG Corporation (Public) Company Limited offers construction services for projects in the Engineering Procurement Construction (EPC) or Lump Sum Turnkey (LSTK) categories and construction work for large-scale projects. The Company can undertake jobs both domestically and internationally within the ASEAN region. The Company's business can be divided into two main types, as follows:  

Engineering Procurement Construction Services - EPC

The Company offers a comprehensive range of EPC project services that include initial design work, detailed design work in engineering, procurement of materials, tools, and machines, and complete construction, including testing before delivery to customers. The Company provides these services for industrial plants, power plants, petrochemical plants, large buildings, and various infrastructure works such as roads, bridges, electricity distribution, and water supply systems.

Build-to-Design Construction Services 

The Company offers construction services for projects in the category of construction contractors according to customer-approved drawings. These services are accepted and satisfied by various industries, including industrial factories, petrochemical plants, hospitals, etc. The Company strongly emphasizes delivering high-quality products to customers, meeting delivery deadlines, and utilizing a certified service-based system with construction project management. The Company has satisfied customers by adhering to the ISO9001:2015 standard.

 

Organizational Structure

Financial Highlights

(Unit: THB million)

2018 2019 2020 2021 2022
Statement of profit and loss
Revenue 756.89 392.02 113.62 44.58 1,050.30
EBIT -185.01 -88.64 -22.26 -60.08 562.95
Net profit -186.72 -91.01 -22.67 -63.13 540.46
EPS -0.019 -0.009 -0.002 -0.003 0.008
Statement of financial position
Cash 42.24 44.80 19.07 1,061.09 616.02
Total assets 851.37 649.69 288.16 1,291.55 1,947.88
Total liabilities 587 482.54 125.41 91.21 209.72
Shareholders' equity 264.37 167.15 162.76 1,200.34 1,738.16
Financial ratios
Debt/Equity 2.22 2.89 0.77 0.08 0.12
Net profit margin -24.67% -23.22% -19.95% -141.61% 51.46%
ROA - -11.81% -4.75% -7.61% 34.76%
ROE - -42.18% -13.74% -9.26% 36.78%
Statistics
P/E - 9.49 - - 176.61
P/BV 2.05 1.77 2.61 293.07 49.87
Book value 0.02 0.03 0.02 0.01 0.03
Closing price 0.05 0.05 0.04 0.58 1.30

Quarterly Results

2023

Quarter 3

Management Discussion and Analysis
Financial Statements

Quarter 2

Financial Statements
Management Discussion and Analysis

Quarter 1

Financial Statements
Management Discussion and Analysis

2022

Quarter 4

Financial Statements
Management Discussion and Analysis

Quarter 3

Financial Statements
Management Discussion and Analysis

Quarter 2

Financial Statements
Management Discussion and Analysis

Quarter 1

Financial Statements
Management Discussion and Analysis

2021

Quarter 4

Financial Statements
Management Discussion and Analysis

Quarter 3

Financial Statements
Management Discussion and Analysis

Quarter 2

Financial Statements
Management Discussion and Analysis

Quarter 1

Financial Statements
Management Discussion and Analysis

2020

Quarter 4

Financial Statements
Management Discussion and Analysis

Quarter 3

Financial Statements
Management Discussion and Analysis

Quarter 2

Financial Statements
Management Discussion and Analysis

Quarter 1

Financial Statements
Management Discussion and Analysis

2019

Quarter 4

Financial Statements
Management Discussion and Analysis

Quarter 3

Financial Statements
Management Discussion and Analysis

Quarter 2

Financial Statements
Management Discussion and Analysis

Quarter 1

Financial Statements
Management Discussion and Analysis

2018

Quarter 4

Financial Statements
Management Discussion and Analysis

Quarter 3

Financial Statements
Management Discussion and Analysis

Quarter 2

Financial Statements
Management Discussion and Analysis

Quarter 1

Financial Statements
Management Discussion and Analysis

Annual Report

Form 56-1 One Report

Form 56-1 One Report 2022
Form 56-1 One Report 2021

Annual Report

Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

Annual Registration Statement

Annual Registration Statement 2020
Annual Registration Statement 2019
Annual Registration Statement 2018
Annual Registration Statement 2017

Information for Shareholders

Shareholders’ Meetings


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General Information

Company name PSG Corporation Public Company Limited
Nature of business Construction Contractor Engineering Procurement Construction (EPC) Civil Engineering and Engineering Systems
Head office location 11/1 AIA Sathorn Tower, 21st Floor South Sathorn Road Yannawa, Sathorn, Bangkok 10120
Registration number 0107548000501
Registered capital THB 64,992,438,156.00, with a par value of THB 1.00 per share
Paid-up capital THB 64,992,438,156.00, with a par value of THB 1.00 per share
Total number of shares 64,992,438,156 shares
Website www.psgcorp.co.th
Telephone number +662-018-7190-8
Fax number +662-018-7199
Company secretary Tel : +662-018-7190-8
Fax : +662-018-7199
Email : com.sec@psgcorp.co.th
Investgor relations Tel : +662-018-7190-8
Fax : 02-018-7199
Email : ir@psgcorp.co.th

Subsidiary

 
Company name PSGC (Sole) Company Limited
Nature of business Plant and Building Construction and other related services
Head office location

PT Building, 6th floor, Phonexay Road,Phonexay Village, Xaysettha Distric, Vientiane Capital, Lao PDR, Lao Box: 7591

Registered capital LAK 16,000.00 Million (Approx THB 45.00 Million)
Telephone number +856 20 5629 8998
   

References

Securities Registrar Thailand Securities Depository Co., Ltd.
No. 93 Ratchadaphisek Road, Din Daeng,
Bangkok 10400
Tel: +66 2009 9000
Fax: +66 2009 9991
Auditor’s Office EY Office Limited
33rd Floor, Lake Rajada Office Complex,
193/136-137 Rajadapisek Road,
Klongtoey, Bangkok 10110
Tel: +662 264 9090
Fax: +662 264 0789

 

Major Shareholders as of March 20, 2023

 
Names No. of shares %
1. Ms. Panicha Dau 51,994,000,000 80.00
2. Thai NVDR Co., Ltd. 2,198,662,982 3.38
3. Mr. Adisorn J.Jitcharoenchai 1,052,500,000 1.62
4. Ms. Chanida Sae-Tang 779,470,900 1.20
5. Mr. Pornprom Promvanich  666,115,600 1.02
6. Mr. Prasit Chongussayakul 511,002,852 0.79
7. Ms. Leena Rachitratanaying 508,034,600 0.78
8. Mr. Chayut Phibunlaphatroj 467,051,500 0.72
9. Miss Jerdnapang Thamchuanviriya 415,357,800 0.64
10. Ms. Thitima Thanakornyothin 281,000,000 0.43
.    

Dividend Policy & Payment

Dividend Policy 

The Company pays dividend at least 50% of net income. However, payment of dividend is dependent on operating results, business plans, liquidity, necessity and other future obligations or commitments. Decisions regarding dividend payment is to be made by the Board of the Company by taking into consideration the best interest of its shareholders.

 

Dividend Payment

Year

Earning per Share
(Baht/ Share)

Payment:
(Baht/ Share)

Payment Date

Interim Payment:
(Baht/ Share)

Payment Date

2022
0.008
-
-
-
-
2021
(0.003)
-
-
-
-
2020 (0.002)
-
-
-
-
2019 (0.009)
-
-
-
-
2018 (0.019)
-
-
-
-
2017 (0.012)
-
-
-
-
 

SET Disclosures

30 Dec 2021 Announcement of the Company's 2022 Annual Holidays
21 Dec 2021 Notification of the Receipt of the Report on the Result of the Tender Offer (Form 256-2)
21 Dec 2021 SEC News : แจ้งข่าวแบบ 256-2 ของ PSG
13 Dec 2021 Receipt of the Report on the Preliminary Result of the Tender Offer of PSG Corporation Public Company Limited (Form 247-6 Khor) (amendment)
13 Dec 2021 Receipt of the Report on the Preliminary Result of the Tender Offer of PSG Corporation Public Company Limited (Form 247-6 Khor)
13 Dec 2021 SEC News : แจ้งข่าวแบบ 247-6-ข ของ PSG

Share Price

กราฟภาพรวมตลาด

ราคาหลักทรัพย์

Investor Inquiry

Investor Relations Department

PSG Corporation Public Company Limited
11/1 AIA Sathorn Tower, 21st Floor South Sathorn Road, Yannawa, Sathorn, Bangkok 10120
Tel: 02 018 7190 – 8 ext. 709
Fax: 02 018 7199
Email : ir@psgcorp.co.th