GABLE closed the first trading day at 6.00 baht, a decrease of 0.39 baht (-6.10%) from the IPO price of 6.39 baht, a trading value of 2,338.11 million baht from the opening price of 7.30 baht, the highest price of 7.60 baht, the price lowest from 6.00 baht.
Trinity Securities evaluates the appropriate value of G-Able Public Company Limited (GABLE) in 2013 at 8.40 baht by using the PER method of 18 times.
GABLE operates in the business of providing information technology system solutions. Both provide enterprise solutions, being a reseller and creating added value. and platform software services Estimated profit of 66-67, growing with a CAGR of more than 21% with a backlog of over 4 billion baht and accelerating the expansion of the Maga Trend software platform.
The gross profit tends to increase from the expansion of the software platform business, which has an average gross profit margin of 50% over the last 3 years and is in high demand in big data, data analytics and social industries.
GABLE has a registered capital of 700 million baht at a par value of 1.00 baht per share after this offering. 175 million ordinary shares are currently being offered with a par value of 1.00 baht per share, representing 25% of the total number of shares sold. The objectives are to use the proceeds 1) to invest in possible related businesses to support the Group’s growth 2) to repay the Group’s loan and 3) working capital.
By InfoQuest News Agency (09 May ’23)
Tags: GABLE , IPO , GABLE , Thai stocks
