DEXON closed the first trading day at 4.62 baht, an increase of 0.12 baht (+2.67%) from the IPO price of 4.50 baht, a trading value of 2,561.71 million baht from the opening price of 4.56 baht, the highest price of 5.30 baht, the price lowest of 4.54 baht.
The fair value of the stock is determined by TISCO Securities. Dexon Technology Public Co, Ltd (DEXON) at Bt5.3 on PER 24.03x Downside risks include economic recession in the US and Europe. Turning to more renewable renewable energy without a contract or service delay
For the domestic market, DEXON is the leader for the group in terms of high-tech inspection. and basic with a revenue share of 300-400 million baht from about 3,000 million baht in the domestic market. with continued growth from 2020-22 at a CAGR of 14% (partly from research revenue of 44 million baht in 2021, which is uneven)
while the foreign market Executives see it as a growth target. especially the United States and Europe Which still have many challenges to find a new customer base. But managers see a positive trend as the demand for high-tech audits exceeds the number of service providers currently available, which are few.
In the year 65, the income from the inspection with Tech. Higher growth abroad +100% is a good sign to enter the international market. This is a higher margin market (as of 2012 at 43.5% compared to basic checks at 37.2%) and branch expansion will reduce service costs (eg travel costs) and driving rates. higher net profit (+17.22/4.17/2.48% in 65/64/63, low profit margin in 63/64 due to COVID which was before 2019 at 7.2%)
However, the long-term growth prospects for the petro industry are quite limited from turning to use more clean energy. But in the short term, still improving after opening up China and increasing production capacity This should see the price of oil recover from the current price, but it is expected that it will not be as high as last year. and likely to see an initial increase in expenses from investment Profits are expected to start to increase after 2024.
DEXON provides engineering inspection services and innovative technologies for the inspection of production structures and equipment in petroleum, energy, and other industries covering energy, petrochemical, and other industries. The provision of services is a planned process for safety while preserving the properties of the property and continuity of work. use a variety of tools and technologies in accordance with the nature of the work
Services can be divided according to the revenue structure into 4 types: 1) Inspection services using advanced inspection technology (Advanced Inspection Technology) 2) Inspection services using basic technology (Conventional Inspection Technology), 3) Training Services, and 4) Services engineering design, assembly, installation and maintenance (Engineering design, assembly, installation and maintenance service) Customers who are in the petroleum industry such as oil and natural gas business operators Petrochemical Industry, Construction Industry and Power Plant
By InfoQuest News Agency (31 Mar. ’23)
Tags: DEXON , Thai Stock , Dexon Technology
