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

Dear Shareholders, Stakeholders, and Partners,

As we reflect on the past year, PSGC has navigated challenges, achieved significant milestones, and laid a robust foundation for the future. In 2023, PSGC’s construction contracts remained on schedule adding to the Company’s profitability, in addition, the Company was able to secure a new construction project bringing the accumulated backlog to over 10,000 MB. These accomplishments have generated substantial revenue, positive cash flow, and profitability in a relatively short period of time providing a solid groundwork for PSGC’s continued journey.

Our commitment to progress is unwavering. On the corporate front, we have implemented progressive policies, enhancing employee compensation and benefits, fostering a competitive and well-rounded workforce. Initiatives to upskill our teams through training and recruitment of fresh talent are underway bringing in new perspectives and opportunities. Risk assessments and rigorous internal control policies have been updated, emphasizing our dedication to accountability and transparency.

Recognizing the evolving landscape, PSGC acknowledges the need for strategic shifts on the business front. While we continue to execute construction and engineering contracts, the changing landscape necessitates diversification in order to enhance shareholder value. The Company has built a well rounded business development team of analytical thinkers with experience in a wide range of industries, allowing the Company the ability to explore and assess a myriad of opportunities that will bring the highest returns to our shareholders. A strong business development team, coupled with the Company’s current stable cash position provides a firm foundation to take advantage of such opportunities. 

Diversification into Renewable Energy:

Building upon PSGC’s construction expertise, we have strategically expanded into promising new markets for long-term growth. Driven by the global imperative to transition towards cleaner energy sources, we explore diversification into renewable energy solutions. The Company has commissioned feasibility studies for solar power and pumped storage hydropower (PSH) projects in the Lao PDR to strategically position PSGC and enable it to capitalize on the growing demand for renewable energy integration and grid stabilization in the region, aligning with current ESG trends. Although PSH is still in the early stages of development for the CLMV region, we remain steadfast in development of the opportunity as neighboring countries look to decarbonize to a greener future.

M&A Opportunities:

To drive long-term expansion strategies and sustainable growth, PSGC continues to pursue mergers and acquisitions (M&A). These include construction or related sectors, or other sectors which will ultimately enhance shareholder return and will bring about sustainable growth. PSGC is receptive and has also been pro-actively exploring several investment opportunities in Thailand and the wider ASEAN region. 

In closing, we express sincere gratitude to all stakeholders, reaffirming our commitment to delivering a company with robust fundamentals and long-term growth potential. Now that the Company is in stronger financial health and armed with a capable business development team, PSGC is poised and ready to accelerate our growth towards business sustainability! 

Thank you for your continued trust and partnership.
Best Regards,

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)

2019 2020 2021 2022 2023
Statement of profit and loss
Revenue 392.02 113.62 44.58 1,050.30 2,750.75
EBIT -88.64 -22.26 -60.08 562.95 1,659.38
Net profit -91.01 -22.67 -63.13 540.46 1,316.42
EPS -0.009 -0.002 -0.003 0.008 0.020
Statement of financial position
Cash 44.80 19.07 1,061.09 616.02 1,298.38
Total assets 649.69 288.16 1,291.55 1,947.88 3,933.35
Total liabilities 482.54 125.41 91.21 209.72 876.35
Shareholders' equity 167.15 162.76 1,200.34 1,738.16 3,057.00
Financial ratios
Debt/Equity 2.89 0.77 0.08 0.12 0.29
Net profit margin -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 71.34
P/BV 1.77 2.61 293.07 49.87 18.87
Book value 0.03 0.02 0.01 0.03 0.04
Closing price 0.05 0.04 0.58 1.30 0.67

Quarterly Results

2024

Quarter 1

Financial Statements
Management Discussion and Analysis

2023

Year 2023

Management Discussion and Analysis
Financial Statements

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 2023 (Published Date: 27/03/2024)
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 12, 2024

 
Names No. of shares %
1. Ms. Panicha Dau 25,997,000,000 40.00
2. Bank Julius Baer & Co. Ltd, Hongkong 25,297,000,000 38.92
3. Thai NVDR Company Limited 3,648,988,980 5.61
4. Mr. Adisorn J.Jitcharoenchai 990,997,100 1.52
5. Miss Chanida Sae-Tang 779,470,900 1.20
6. Mrs. Leena Rachitratanaying 554,551,000 0.85
7. Mr. Pornprom Promvanich 546,475,800 0.84
8. Mr. Prasit Chongussayakul 511,002,852 0.79
9. Mr. Chayut Phibunlaphatroj 473,000,000 0.73
10. Mrs. Anchan Chongussayakul 273,830,000 0.42

Presentation


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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

Earnings per Share
(Baht/ Share)

Payment:
(Baht/ Share)

Payment Date

Interim Payment:
(Baht/ Share)

Payment Date

2022 0.020 - - - -
2022
0.008
-
-
-
-
2021
(0.003)
-
-
-
-
2020 (0.002)
-
-
-
-
2019 (0.009)
-
-
-
-
2018 (0.019)
-
-
-
-
2017 (0.012)
-
-
-
-
 

SET Disclosures

07 Jan 2022 Trading Alert List Information
04 Jan 2022 Clarification of Trading Alert List
04 Jan 2022 List of securities which fulfilled the market surveillance criteria
04 Jan 2022 Trading Alert List Information
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)

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