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Public company info - Platt Nera International Limited , 01949.HK
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Platt Nera International Limited, 01949.HK - Company Profile
Chairman Prapan Asvaplungprohm
Share Issued (share) 400,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry System Applications & IT Consulting
Corporate Profile Business Summary: The group provides IT solutions to Thai financial institutions, government departments and agencies predominantly in administrative, telecommunications and utilities sectors. Performance for the year: Revenue for the year ended 31 December 2019 declined by 30% or THB234.0 million from THB772.1 million recorded last year to THB538.1 million. Gross profit for the year ended 31 December 2019 declined by 40% or THB100.3 million from THB253.8 million recorded last year to THB153.5 million. Business Review： The financial year ended 31 December 2019 was a year where we built on the Group’s past strengths and consolidated the Group’s business relationships with existing customers. As most of the Group’s major customers are government related entities and bodies, the conclusion of the first national elections since 2014 and the formation of a new government, both in 2019, are expected to provide conducive conditions for the Group’s continued growth through the smooth securing and execution of new projects with the Group’s key customers. With these events in the background, the Group focused in 2019 on executing more and smaller projects with the Group’s existing customers like BAAC, Customer F, and PEA as well as bidding for new projects with these customers. While these projects in 2019 were not major profit contributors, they allow us to solidify the Group’s working relationship with the Group’s customers as we look forward to major projects that shall start to roll out in 2020. Prospects: The Group’s bidding and marketing efforts in 2019 have largely paid off in terms of new projects that we expect to roll out in 2020. We look forward into a new seven-year phase with the Group’s long-standing relationship customer BAAC starting from June 2020. This phase will allow the Group’s Group to help BAAC upgrade its network of ATM/CDM machines as well as work together with BAAC on new products and services that will better serve its end customers in the coming years. After a tenuous bidding process in 2019, we are pleased that in 2020, we shall begin a new and major five-year project with Customer F, one of the largest banks in Thailand with a strong rural focus. We shall be installing ATM and Passbook machines for Customer F as well as providing support and maintenance services over the course of the project. Through the Customer F and BAAC projects, we aim to establish the Group’s leading position as a leading player of ATM-related solutions to the rural sector in Thailand. While executing these major projects, the Group shall continue to pursue new projects, particularly where they play to the Group’s existing strengths in ATM-related projects and/or where they open doors to new technology areas where the Group can add value to its customers. In early 2020, the COVID-19 outbreak, which first broke out in China but has since escalated into a global pandemic that has affected Thailand too, casts a pall over the Group’s business plans. The Group’s immediate customers are mainly government bodies and entities and to date, we have not been informed of direct negative impact. However, the Group’s financial and operational performance may be negatively impacted if, inter alia, there are in turn adverse business impacts on the end customers of these parties. For example, we may be negatively impacted if BAAC’s bank customers reduce the usage of their cards at ATMs as a result. Overall, the negative impact of the COVID-19 outbreak on Thailand’s economy as a whole and on the Group’s projects, including but not limited to the BAAC ATM Project, is still evolving and we are watching the possible impacts closely.

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