Business Services Industry
Surge in Motorcycle Sales Drives Growth for Thailand's Thitikorn.
Knight Ridder/Tribune Business News, March, 2004
By Krissana Parnsoonthorn, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Mar. 11--Thitikorn Plc (TK), a leading motorcycle leasing firm, is targeting revenue growth of 20 percent this year to 1.68 billion baht in line with an expected big jump in motorcycle sales.
"Our motorcycle leasing business has a lot of potential to expand this year as sales are projected to increase to 120,000 units compared to 85,000 units last year," said Prathama Phornprapha, TK's managing director.
Motorcycle sales in Bangkok are expected to represent 55 percent of total sales nationwide, but provincial sales might soar to as high as 85 percent of this year's total.
TK plans to build up its hire-purchase loan portfolio by 10 percent...
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