Advice IT Infinite Public Company Limited or ADVICE has set the IPO sale price at 3.24 baht per share, preparing to allow investors to subscribe on January 22-24, confident that investors will respond well. From strong business fundamentals Promoting growth opportunities in line with consumer lifestyles and the business sector fully transforming to innovate in the digital age. and is a one stop center for IT products and services, reinforcing CYNGOR as one of the four main distributors of IT products with the highest sales in the country. Willing to use the money to raise funds to expand branches – expand the business, plant a trading flag at SET this January, business category: service/commercial business group.
Advice IT Infinite Public Company Limited or ADVICE is making an initial public offering (IPO) of new ordinary shares, amounting to no more than 170 million shares, or equivalent to 27.42% of the number of shares issued and paid. company expenses Following the offering of additional shares this time, Asia Plus Securities Company Limited was appointed as guarantor and underwriter.
In addition to joint distributors and underwriters are KGI Securities (Thailand) Public Company Limited and UOB Kay Hian Securities (Thailand) Public Company Limited, as well as underwriters and underwriters. Krungsri Securities Public Company Limited and Yuanta Securities (Thailand) Company Limited
Mrs. Yodruedee Santatikul Executive Committee Asia Plus Securities Company Limited disclosed that as the underwriter and underwriter for the sale of additional ordinary shares, Advice IT Infinite Public Company Limited or ADVICE Company Limited has set the IPO offer price at 3.24 baht per share. Investors are allowed to subscribe on January 22-24 and it is expected to be listed on the Stock Exchange of Thailand (SET) within January. In the service / trade business category Regarding the price of ordinary shares offered at 3.24 baht per share, the ratio of price to net income per share (P/E Ratio) is equal to 10.00 times, by calculating net profit per share of profit the company’s net over the last 12 months. Between October 1, 2022 and September 30, 2023 divided by the total number of common shares after the IPO at 620,000,000 shares (Fully Diluted).
ADVICE considers the P/E of comparable commodities on the Stock Exchange of Thailand. During the last 3 months from October 17, 2023 to January 16, 2024, it is used as information for comparison, The P/E of the companies can be compared directly. (IT product retailer group) which is in the same business category as the company, namely COM7, has a P/E ratio of 18.63 times, while the company’s P/E is indirectly comparable. (IT product wholesaler group), which includes SIS, SVOA and SYNEX, has a P/E between 12.37 – 15.13 times, and the stock offer price at a P/E of 10.00 times is considered a discount from the Average P/E of directly comparable companies, approximately 46.3%
However, COUNCIL is ready to move forward with a road show. Present a summary of the IPO to retail investors. Highlighting the strong fundamentals of the business, the highlight of CYNGOR is to be a leading company. With over 25 years of experience and expertise, we specialize in business operations and are one of the leaders in the IT retail market. with opportunities for growth from the full transition to innovation in the digital age and is a one stop center for IT products and services. It is one of the top four distributors of IT products with the highest sales in the country Therefore, we believe that being a leader in the industry gives us an advantage.
In competition with other operators in the field of trust and business relationship with manufacturers or distributors of products As a result, ADVICE currently has an ever-growing retail and wholesale customer base across all regions of the country.
Natthanithikarat Mr The CEO of Advice IT Infinite Public Company Limited or ADVICE said that this IPO will bring the proceeds of fundraising in the amount of about 527.3 million baht (after deducting related expenses) to be used for 1.Investment to expand the company’s business This includes expanding the company’s branches. and improvements to the company’s existing branches 2. Repayment of loans from financial institutions 3. Use as working capital for product purchases and 4. Invest in improving information technology systems.
with confidence after raising this fund It will support the company’s capital base to be even stronger. Prepare to expand into new opportunities. and support CYNGOR to become the leading IT company stock in the country. Let all shareholders join to grow with us. and its aim is to be part of helping to push people in the country to have access to various IT products and innovations equally in all areas
Willing to set a goal to increase market share by expanding branch and franchise stores, as well as selling through social commerce. Along with expanding to become an official distributor of Apple products, within the first quarter of 2024, if officially appointed, the company will open the “iStudio by Advice” store to sell a full range of Apple products, including increasing additional income through official service centers and product repair. Increase gross profit by adjusting the variety of products sold and expanding the corporate customer base In addition, increase profitability by improving operational efficiency. To achieve the goal of maintaining our position as one of the leaders in the retail-wholesale business of integrated IT products. With the profits growing constantly Along with sustainable growth together with partners
The company aims to increase market share over the next three years in order to drive sales growth. It is expected that there will be a total of 390 Advice storefronts through the opening of an additional 20 company branches in potential locations. Focusing mainly on Bangkok area and surrounding areas Willing to expand franchise branches to 30 more locations.
side Mrs. Ratchada Kliapatinont Managing Director of Investment Banking Department 2, KGI Securities (Thailand) Public Company Limited, as financial advisor to Advice IT Infinite Public Company Limited or ADVICE, for past operating results during the past 3 years (2020 – 2022), disclosed that by the company sales and service income of 12,541.2 million baht, 14,305.8 million baht, and 14,388.2 million baht, calculated as an average growth rate (CAGR) equal to 8.1 percent per year, with a net profit of 233.8 million baht , 430.2 million baht, and 205.7 million baht, and 205.7 million baht. , respectively.
However, in the first 9 months of 2023, the company had sales and service income of 10,336.5 million baht, a decrease of 8.2 percent from the same period last year. This is considered a better decline than the overall market. This is due to the adjustment to normal. After the demand for IT products increased especially during the COVID-19 situation, resulting in a net profit of 9 months of 2023 of 136.5 million baht.
The company derives the majority of its income, more than 65 percent, from the IT product retail business. namely selling products through the company’s branch channels and online channels Including sales to corporate customers. While another 35 percent of the revenue comes from wholesale IT products to franchise branches and product distributors in different states, In addition, the company also has income from service businesses. Which mainly provides repair services for computers and various electronic devices.
As of September 30, 2023, the Company has a total of 338 “Council” branches, which includes branches in which the Company is located. Owns 110 properties in Bangkok, the surrounding areas and in the important provinces of Thailand. and another 228 franchise branches distributed in communities in different areas and provinces, covering 75 provinces in all regions of Thailand. Including in the Lao People’s Democratic Republic, the company has a policy to continuously invest in branch expansion. Currently, the company is considered to be the number 1 IT product distributor with the largest distribution of storefronts in the country.
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