Khongkwan Clinic draws up 20-20-20 growth formula

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Dr Khongkwan Fujitnirun, CEO of Khongkwan Clinic
Dr Khongkwan Fujitnirun, CEO of Khongkwan Clinic

Khongkwan Clinic draws up 20-20-20 growth formula

Corporate October 23, 2018 01:00

By THE NATION

KHONGKWAN Clinic is aiming to increase to 20 branches in 2020, a 20 per cent profit growth, and has partnership plans involving China and Hong Kong.

The beauty clinic will soon open its 17th branch in Phuket, as is confident in the future of women’s purchasing power and the importance that they women place on beauty. By attracting B+ (upper-income) consumers, the clinic has enjoyed 15 per cent growth and has built its reputation in the beauty industry over its 12 years. For 2020, it expects to achieve profit growth of 20 per cent.

The beauty business places great importance on services, reputation, and knowledge, says Dr Khongkwan Fujitnirun, CEO of Khongkwan Clinic. “The world changes daily and so our business expands its market via online channels,” she said. ‘Mae Mor Khor Bok’, its official YouTube channel, provides beauty information and entertainment to build its brand image.

In the final quarter of 2018, the company will focus marketing on social media channels, and reinforce other aspects of the marketing chain – services, customer benefits, value and price. However, in the beauty field, price is not the key factor in consumer decision-making.

“What make us outstanding is trustworthiness, expertise and specialisation,” said Khongkwan. “ The majority of people go to beauty services because they would like to change themselves to present a better image and enjoy a better life.”

Khongkwan Clinic has grown its business for 12 years by building trust among consumers, she says, and now they’re planning their 17th branch in Phuket. Competition has created opportunities and inspired improvement, she says. “Our first 10 years we focused on branch expansion, and on services with tools and expertise,” said Khongkwan.

“We plan to have 20 branches in 2020 with improved services to serve A-list consumers and develop our personnel, products and services by taking the Khongkwan Clinic brand to the international market. Our business negotiation plan includes Hong Kong and China. We are confident with the purchasing power of Asian customers who see the importance of beauty,” she said.

“Our new brand, ‘I Feel Fine’, was under development for two years with the aim of selling it online. The ‘I Feel Fine’ products support our services by focusing on supplements, beauty creams, etc. The target consumer of I Feel Fine is someone who uses Internet and online shopping,” says Khongkwan.

“By focusing on trustworthiness, it helps Khongkwan Clinic expand our customer base and help customers buy our products without the need to go to our clinics. They can just order our products online and wait for product delivery at home, facilitating both current customers and new customers for product delivery,” she said.

“We are confident that online channels are the right channel for skyrocketing our sales. I Feel Fine was created by our medical team with ingredients that were researched based on the skin molecules. I Feel Fine can help customers with results. The difference is the most significant buying factor for consumers in the digital era,” said Khongkwan. Khongkwan says the beauty market in Thailand was worth Bt57 billion in 2017, a growth of 3.8 per cent over 2016. It is expected to jump to Bt70 billion this year, she says.

Khongkwan also views the Asean Economic Community (AEC) as playing a major role in the future focus of every business sector and not only beauty businesses.

“We’ve paid attention to AEC since Thailand agreed to join it. We were successful with our Vientiane branch nine years ago. We are confident that joint investment in the beauty business will help us be the best in your heart for more than 12 years.”

At A Glance

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  • Travellers in focus of year-end campaign
  • Launch of app, box for online shoppers
  • Group reaches 1,000 properties, 200,000 rooms in region

At A Glance

Corporate October 23, 2018 01:00

By The Nation

Travellers in focus of year-end campaign

“Robinson is anticipating another wave of excitement in the retail industry in the last quarter of 2018, as Christmas and the New Year’s festivities draw near. It is also the high season for both domestic and foreign tourism, when shoppers tend to have higher spending power, making travellers’ items the most sought-after items of the period,” said Orawan Tipsuwanporn, Chief of Omni Merchandising Robinson Public Company Limited.

Robinson has invested more than Bt5 million in launching a year-end “Robinson Travel & Leisure” campaign for traveller-shoppers, to make Robinson the perfect destination for the needs of travellers.The campaign will run between October 24 to November 24 at 47 Robinson Department Stores.

Group reaches 1,000 properties, 200,000 rooms in region

AccorHotels has reached its milestone 1000th hotel for Asia Pacific with the launch of Pullman Tokyo Tamachi, bringing the group to over 200,000 rooms in the region. Asia Pacific now represents over 30 per cent of global rooms and 51 per cent of the global pipeline, which is a strong sign that the company’s growth strategy continues to be focused on Asia.

“For the first half of 2018, 72 per cent of global room openings for the group were in Asia Pacific,” said Michael Issenberg, CEO Asia-Pacific AccorHotels.“We currently open, on average, a new hotel in Asia Pacific every three days, but our goal is to move this to a new hotel every second day by 2020 and one hotel per day globally.”

Issenberg went on to say that in the past three years, the Asia Pacific network has doubled in size, thanks to a combination of organic growth and strategic acquisitions. The portfolio now includes some of the world’s most iconic and respected brands such as Raffles, Orient Express, Fairmont, Banyan Tree, Delano, Mondrian, SLS, Swissotel, and Movenpick. These acquisitions have been transformative for the company and will further cement AccorHotels’ position as a leader in luxury and lifestyle hotels. The recent addition of Mantra Hotels to the network also added a further 19,000 rooms to the region.

AccorHotels currently has more hotels in the pipeline in Asia Pacific than any of its competitors, andthe addition of these new brands will only help to accelerate further growth.

Launch of app, box for online shoppers

“Twister” is catering to the needs of online shoppers’ needs with Twister Online Application and offers the parcel handling solution through the use of Twister box located in front of houses and condominiums.

With the energy-efficient technology which can last up to five years, Twister box is to be installed in 1,000 locations next year to fit lifestyles in the e-commerce era.

Montri Wanna, CEO of Twister Corporation, discloses that the company is preparing for the launch of Twister Online Platform, the new innovation that will match lifestyles in the e-commerce era. With the use of technology, today’s online shopping can be fulfilled by Twister Online Application in the most convenient and time-saving manner possible.

Also, shopping items will be dropped off at Twister Homebox where buyers can receive them at any time without having to stay around at home to accept parcels, or buyers can have them delivered to Twister Sharebox located in the condominium lobby, office building, clubhouse, dormitory or apartment.

However, amid the growing popularity of online shopping, the company has recognised some pain points such as missed deliveries due to traffic congestion, which can be solved by “Twister box”. It can also help reduce logistics cost for logistics entrepreneurs as well as respond to the government’s policy to increase energy efficiency and reduce traffic congestion.

News Feed

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News Feed

Corporate October 23, 2018 01:00

By The Nation

BECKHAM DUE FOR 80TH ANNIVERSARY EVENT OF AIA THAILAND ON NOVEMBER 3

AIA Thailand’s CEO Tan Hak Leh and Stuart Spencer, AIA Group CMO, will join a celebration event for AIA Thailand’s 80th anniversary where they will present the new brand promise of “Healthier, Longer, Better Lives” to encourage Thais to stay healthy.

AIA global ambassador and football legend David Beckham will join this special occasion and be interviewed about being a role model and how he lives a healthy lifestyle.

In addition, AIA will announce the winners of the “Thailand’s Healthiest Workplace by AIA Vitality” awards, The event will be held at 3pm on November 3 at the Phoenix Room 5-6, Impact, Muang Thong Thani.

Wall Street English sets sights on rapid growth

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Matthew Kichodhan, left, chairman of Wall Street English Thailand, and Olarn Phirintharangkoon, chief executive officer, pose at a recent media briefing to announce the company's business expansion.
Matthew Kichodhan, left, chairman of Wall Street English Thailand, and Olarn Phirintharangkoon, chief executive officer, pose at a recent media briefing to announce the company’s business expansion.

Wall Street English sets sights on rapid growth

Corporate October 23, 2018 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

WALL STREET English, a leading operator of English-learning centres, plans to double the size of its business by 2020, riding on the growth potential in Thailand.

Matthew Kichodhan, chairman of Wall Street English Thailand, said the market for English-language schools in Thailand was growing.

“I see English-language education as a fast-growing industry, fuelled by an ever-increasing need for people to speak English as the global language. There are lots of market opportunities for English schools in Thailand,” he said.

“The country has become an international hotspot for the tourism, automotive, innovation, technology and logistics industries. With an increase in foreign investment and international communication, English has become an essential skill for transformation as well as a tool for personal career and business opportunity advancement,” he added.

Becoming shy

Matthew said Thais practising English often think hard about whether what they are saying is correct or not. This makes them get stuck and they become shy to use or speak English. But the new generation seems to be more focused on real communication rather than patterns, he said.

“Our strategy here is to grow our business through people and business expansion in Thailand. We have positioned the brand as ‘English Learning and Lifestyle Centres’. We have a premium brand, based on our heritage, but also modernised and digitally enabled for today’s and tomorrow’s customers to promote effective learning.”

He said Wall Street aims to be “the most supportive and motivating learning experience by providing the best teaching experts, innovation tools and techniques. And, of course, we will double the size of the business by the end of 2020,” he said.

Matthew said Wall Street English has opened three new branches in 2018 and plans another 14 throughout Thailand by the end of 2020.

“We will double in size from 14 to 28 learning centres through company-owned and franchise business, generating an estimated Bt2 billion in revenue,” he said.

Olarn Phirintharangkoon, chief executive officer of Wall Street English Thailand, said the key challenges of today and the future are that learning centres must be reactive. “What worked a year ago might not be the best approach now. It’s not the big eat the small but the fast that eat the slow. Business conditions change continually. We have to keep up with the market. I also believe that English-language schools should build up an in-depth picture of what customers want and how they behave,” he said.

Olarn said the demand for English is predicted to increase in the coming years, driven by the prevalence of the language in business, accelerating globalisation, and a desire to invest in language skills for personal growth. “I think one of the main challenges is how we can help people learn English throughout the country, because Thailand is not only Bangkok. That’s why we’ve launched the franchise business model to expand Wall Street English outside Bangkok. At Wall Street English, we have been operating successfully for over 15 years in Thailand. We have a proven educational method, world-class curriculum, and extensive experience in English-language education, allowing fast ramp-up and scalability of the business,” he said.

Centara appoints senior VP for business development to support expansion plans

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Centara appoints senior VP for business development to support expansion plans

Corporate October 22, 2018 18:41

By The Nation

2,025 Viewed

Centara Hotels & Resorts on Monday announced the appointment of Andrew Langston, a British national with over 34 years’ experience in hospitality management and development, to help execute its ambitious five-year expansion plan.

Langston will assume the position of senior vice president, business development, in the company’s development team, reporting to deputy chief executive Markland Blaiklock.

He has held senior management positions with major hotel groups such as Banyan Tree and Intercontinental Hotels group [IHG], and most recently he held the position of executive vice president, strategic advisory & asset Management, at Jones Lang LaSalle Hotels & Hospitality Group, for whom he was based in Thailand and working throughout Asia.

“Thailand has been my home for many years now, so I am thrilled to have the opportunity to work with a large, highly respected Thai hospitality group which has such exciting aspirations of significant and strategic growth, both within the Kingdom and globally. I’m looking forward to contributing to the continued rise of this esteemed organisation,” Langston said.

“Andrew’s extensive experience in hotel operations, asset management, investment and negotiation will be invaluable to the future expansion of Centara Hotels & Resorts” said Centara CEO Thirayuth Chirathivat.

“We are delighted to welcome someone of Andrew’s calibre and track record to spearhead our domestic, regional and global development efforts and we are confident that together we will make great strides towards realising our plan to double Centara’s revenues and number of properties over the next five years,” Thirayuth added.

Board gives Selic the nod to buy PMC Group

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Board gives Selic the nod to buy PMC Group

Corporate October 22, 2018 17:11

By The Nation

Selic Corp’s board has approved the plan to take a 100-per-cent stake in PMC Group for around Bt1 billion, chief executive officer Ek Suwatthanaphim said on Monday.

Up to Bt945 million of the amount will be spent on purchasing a major stake in PMC Label Materials, which is registered in Thailand, and Bt105 million on buying a major stake in Singapore-registered PMC Label Materials.

“The investment will boost the company’s [Selic’s] business growth in the long term,” the listed company’s CEO said.

KBank launches SE Asia’s first sustainability bonds

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KBank launches SE Asia’s first sustainability bonds

Corporate October 22, 2018 16:46

By The Nation

Kasikornbank has successfully launched sustainability bonds totalling US$100 million (Bt3.27 billion), bank president Kattiya Indaravijaya said on Monday.

The entire amount has been offered to foreign institutional investors via KBank’s Hong Kong branch.

The proceeds from the bonds, which are the first-ever sustainability bonds issued in Southeast Asia, will be used to finance green and social projects, Kattiya said.

CGS earns ‘BBB-’ rating

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CGS earns ‘BBB-’ rating

Corporate October 22, 2018 12:20

By The Nation

TRIS Rating has given Country Group Securities Plc (CGS) a company rating of “BBB-”, which it said reflected CGS’ status as a core subsidiary of Country Group Holdings PLC (CGH, rated “BBB-/Stable”).

The rating was based on the company’s profit contribution, ownership linkage to CGH and the importance of its business operation to the group’s overall business strategy.

The company rating also reflected its strong capital base and liquidity.

The rating was, however, constrained by declining profitability.

Helix Homes opens new office in Vietnam

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Helix Homes opens new office in Vietnam

Corporate October 22, 2018 10:23

By The Nation

Helix Homes America is celebrating the second anniversary of its Indonesian operations as well as the opening of its newest international office in Ho Chi Minh City, Vietnam.

Helix Homes America offers single family rental properties to investors/clients internationally. The Company offers occupied, income-producing rental properties for sale in multiple cities within the United States. Helix Homes America maintains a physical presence in the US, Indonesia and Vietnam and an online presence at HELIXHOMESAMERICA.COM

Marketwatch

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http://www.nationmultimedia.com/detail/Corporate/30356877

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Marketwatch

Corporate October 22, 2018 01:00

By The Nation

Global Markets fragile, SET lacks capital support

Stock market volatility across the world in the past two weeks reflects global market fragility as opposed to previous sharp spikes in global trading driven by high price-to-earnings (P/Es) from excessive liquidity in the system. From now, excessive liquidity will continue to decline following the uptrend in interest rates, while the US-China trade war is escalating. The Thai bourse could see negative investment sentiment and a lack of capital inflow in support of equities. Thailand remains strong even though lower Thai export growth has begun to register a decreasing rate in light of the trade war. The SET Index is forecast to move below 1,700 points this week.

The ECB is expected to confirm an end of its quantitative easing (QE) later this year and hold its benchmark rate at a low level until the middle of next year in its October 25 meeting, reflecting gradual monetary tightening. On October 26, the US is expected to announce GDP growth of 3.3 per cent for the third quarter (annualised), lower than the second-quarter growth of 4.2 per cent (annualised).

If the 3Q/18 US growth figure turns out to be higher than expected, concerns over the Fed’s planned rate hikes will mount again which could boost bond yields and pressure down global stock markets.

Investment strategies come in two styles, starting from high-dividend stocks to defensive stocks amid the trade war. We weigh on property stocks as their prices have been overpressured by the Bank of Thailand’s measure on loan-to-value (LTV) reduction. Due to sharp drops in prices and estimates of outstanding 2H/18 results, some property stocks such as LH, LPN, PSH and QH give dividend yields of over 6 per cent. Besides, some relaxation of the LTV measure is expected.

Although the trade war negatively affects the economy, some enterprises may gain through restructuring of their supply chains.

For example, SAT (fair value @Bt29) has received new orders from tier1 companies to produce rear axles for pickups worth Bt70 million in 4Q/18 and Bt400 million in 2019.

SAT’s estimated net profit has been revised up to 32 per cent in 2018 and 10.1 per cent in 2019 despite its price having dropped to as low as 18 per cent since August. Its price to earnings ratio is 8.6 times lower than the group average of 12 times while its dividend yield is projected at 5.5 per cent. – Therdsak Thaveeteeratham, executive vice president/research, Asia Plus Securities

A fullblown crisis

may occur next year

From the start of this year to October 17, 2018, US 10-year bond yield climbed 80 basis points to its seven-year high, raising concerns of the Fed possibly hiking its fed funds rate faster than expected and triggering profit-taking in the US stock markets in the periods February 18 and October 3-11 this year.

In our view, sharp rises in the US 10-year bond yield have not yet reached the dangerous point as the recent rises have been in line with the US inflation rate, as seen from the gap of US 10-year bond yield and headline consumer price index at lower than 1 per cent and below the average of 1.31 per cent since 2000.

Historically, before US market corrections or the 2009 Hamburger crisis, the gap was between over 1.3 per cent to 5 per cent. Now, the gap is 0.6 per cent, lower than the average and the pre-crisis level. The US stock market could still go up further.

Although US inflation is not too high, we should be cautious over the estimated US inflation by consensus in the next two years which could rise faster than the US GDP growth (inflation will likely rise faster than GDP growth in 3Q/19.). But we believe the risk to growth will not be as severe as the pre-Hamburger crisis period during 200708 when US inflation was driven by cost push and rose nearly 6 per cent higher than the US GDP growth.

Another sign of risk to global economic growth next year is the global purchasing managers’ index, including those of the Europe and China. All have declined continuously from 4Q/2017. Only the US PMI has increased, due likely to the tax cut policy. However, a global economic slowdown could drag down the US economy next year.

Forward price-to-earnings ratio of S&P500 Index usually moves in contrast with the fed funds rate.

In 2017, long-term interest rates and inflation did not hinder the rises at both the US and Thai stock markets.

Meanwhile, market cap of large-sized firms in the US (W5000) compared to the GDP has been close to 200 per cent, and market cap of firms in Nasdaq compared to the GDP has been over 50 per cent, the levels similar to those when the Dot.Com crisis erupted, followed by the Hamburger crisis.

Now, the US stock market is full of tech businesses, tech platforms and tech startups, quite similar to that in the period of 2002-2009 when Internet businesses and websites swelled the market. New financial products. such as digital currency had yet to arrive then.

During 200708, the US suffered a crisis on financial products: mortgage-backed security; collateralised debt obligation and credit default swap. We should not neglect these signs. – Prakit Sirivattanaket, vice president, Kasikorn Securities