Reason to Invest in VGI
1. Leading and exclusive market positions
VGI is a leader in transit and office building advertising. The Company holds the exclusive rights to manage advertising spaces across the BTS SkyTrain network, granted by Bangkok Mass Transit System Public Company Limited (BTSC). The transit advertising business continues fallen to demonstrate strong growth potential in line with the expansion of transportation routes under the 2nd Blueprint for Bangkok Mass Rapid Transit Master Plan (M-MAP 2 2025–2040). In addition, the Company’s strategic investment in Plan B Media Public Company Limited, a leading out-of-home (OOH) media provider, enables the integration of both companies’ media assets to deliver creative and distinctive advertising solutions that effectively cover key commuting routes and prime locations, thereby enhancing brand awareness and strengthening brand recall efficiently.
2. A unique position to grow revenue
VGI has branched out beyond the traditional offline Out-of-Home (“OOH”) to the online world, where we have successfully established ourselves as the market leader in Thailand. With the integration of OOH and our world-class online/digital platforms, bridged by the utilisation of the Rabbit Data, we envisioned ourselves as the leader in Offline-to-Online (“O2O”) Marketing Solutions, with the aim to create a seamless and meaningful customer experience both online and offline. Our sales strategy has therefore shifted from solely being a platform provider to one that offers O2O Marketing Solutions enabling advertisers to reach their target audiences at every stage of the consumer journey with greater efficiency and effectiveness.
3. Our Integrated Ecosystem
VGI provides a diverse and comprehensive range of advertising media solutions through collaborations with leading partners and media capacity exceeding THB 3,000mn per annum. The Rabbit Group ecosystem enables us to access consumer spending data from over 40 million users, allowing brands to create targeted advertising that effectively meets the needs of their intended audiences, enhances brand awareness, and drives consumer spending efficiently.
We also offer digital services through Rabbit Group, including cashless payment solutions under Rabbit Card, insurance brokerage and online financial products under Rabbit Care, and digital lending services through the Rabbit Cash platform. These businesses leverage our data capabilities and further reinforce the sustainable growth of VGI’s ecosystem.
In addition, we operate distribution businesses through our investments in Turtle, which provides Turtle shops both within and beyond the BTS SkyTrain system and holds the rights to manage leasing spaces within the BTS network, as well as Rabbit Byte, which offers brand management solutions that enable businesses to effectively enter the e-commerce market, including the distribution of own and high-margin other brand products.
Through our integrated ecosystem, VGI delivers comprehensive advertising solutions that enable businesses to enhance brand awareness and effectively utilise our data capabilities. With multiple touchpoints that allow brands to conveniently engage consumers, we provide services that support strong and sustainable growth across both offline and online channels.
4. Strong financial position
We maintain a strong financial position driven by prudent operational management, together with cash proceeds of over THB 13,000mn from its capital increase in December 2024. This has strengthened its liquidity and financial flexibility in supporting business operations and serves as a key factor enabling the Company to capture new investment opportunities. Such financial readiness enhances the Company’s competitive capabilities, supports risk diversification, and reinforces its core businesses, thereby elevating its ability to generate sustainable long-term profitability.
Strategy
Since VGI has successfully established itself as the Offline-to-Online (O2O) Solutions provider with a comprehensive ecosystem – Advertising, Payment and Logistics. We are able to offer higher quality of advertising and marketing campaigns at every touch point of the customer journey, bridging by the Group’s data to provide a better solutions for our clients.
Value
We believe in long-term value creation. Creating sustainable value for our shareholders, partners and society is our fundamental principle.
Growth
We aim to achieve industry-leading growth. Strengthening our unique business units and partnering with key complimentary market leaders around the world is our key growth differentiator.
Innovation
We commit to digital, technologies and R&D excellence to develop and launch new generation products and solutions that meet ever-changing consumer demands.
Outlook and Target:
In 2026, Thailand’s economy is forecasted to grow by 1.3% by the Bank of Thailand, amidst uncertainties stemming from the conflict in the Middle East, which has directly impacted energy prices, import costs, and the tourism sector.
However, for the upcoming 2026/27 period, the Company has set a revenue target of THB 5,000 – 5,500mn, representing a growth rate of 10-15%, with an allocated capital expenditure (CAPEX) budget of THB 500 mn. Growth in the Advertising segment will align with the expansion of the out-of-home (OOH) media industry, further by the strategic collaboration with PlanB. This partnership will facilitate the development of innovative media packages designed to enhance customer reach and drive revenue expansion. In the Digital Services segment, revenue from the Rabbit Group is expected to grow through business diversification and expansion, resulting in overall profitability. Meanwhile, the Distribution business is set to grow through the expansion of the Turtle shop network beyond the mass transit system, alongside multi-channel sales under Rabbit Bytes, encompassing both own and other trading brands.
Furthermore, the Company continues to maintain a robust financial position, with cash, cash equivalents, and short-term financial assets totaling over THB 21,000mn. This provides a solid foundation to support the expansion of its core businesses and to pursue potential investment opportunities in new businesses in the future.
