Bangkok Commercial Asset Management Public Company Limited, or BAM, has set a net profit target of 2 billion baht for 2026, driven by Big Lot debt purchases from partner banks. This is new debt and is expected to support collections in the second half of the year, while generating gross profit of more than 200 million baht. Chief Executive Officer Dr. Raks Worakitphokathorn disclosed that the company is likely to close negotiations on deals with four debtors and on sales of foreclosed assets, with a combined value of more than 1 billion baht, under the "Start Anew with BAM" and "Sap Mahachon Plus" campaigns. These are mid-sized deals worth roughly 200 to 500 million baht each. Most recently, the company closed a sale of non-performing assets consisting of nearly 500 rai of land on Koh Yao Yai in Phang Nga Province, worth more than 200 million baht. As for the establishment of two more asset management joint ventures, or JV AMCs, the company and its partners have reached a common understanding on the principles, and the ventures are expected to be set up within November 2026. One further project is still under negotiation, with a conclusion expected within 2026 and establishment in the first quarter of 2027. Once all five joint ventures are fully operational, they are expected to generate profits of approximately 100 to 200 million baht per year, giving the company's overall profit the potential to sustainably exceed 2 billion baht. Meanwhile, expected credit loss expenses, or ECL, in the third quarter of 2026 are likely to decline, and the company will begin paying dividends at least twice a year starting in 2027.
Bangkok Commercial Asset Management Public Company LimitedBAM targets 2 billion baht net profit for 2026, expects to close 1-billion-baht deals, and plans JV AMCs and twice-yearly dividends from 2027.
