Reporters reported that today (December 23, 2022) the stock price Moshi Moshi Retail Corporation Public Company Limited or MOSHI At 10:05 am, it was at 33.50 baht, plus 1.50 baht or 4.69%, the highest at 33.50 baht, the lowest at 32 baht with a trading value of 69.13 million baht.
Sanga Boonsongkroh Mr Chief Executive Officer MOSHI He revealed that the company will use the proceeds from the fundraising for branch expansion and future project investments. Including the development of the original branch and improving the efficiency of the company’s operations such as developing supply chain systems and point of sale systems In addition, it is in the process of studying branch expansion outside department stores (Stand Only) in areas close to target customers such as community areas and schools Including plans to open franchise branches (Franchies), etc.
The aim is to expand the company’s stores to 165 stores by 2025 from the 101 Moshi Moshi and GIANT stores currently in operation (as of September 30, 2022), most of which are located in department stores leading supermarket and local department stores covering all regions of Thailand Maintain leadership in Thailand’s leading lifestyle retailers
in the meantimeMaybank Securities (Thailand) Public Company Limited Estimated sales growth of 42% in 2022 and 29% in 2023 due to recovery in consumption. The number of tourists has increased and new store openings, which the company plans to open from 100 stores today to more than 165 stores in 2025. Profits in 2022 and 2023 are expected to increase by 55% and 53%, which representing a net profit margin of 11.4% and 13.5% respectively. no.
partUOB Kay Hian Securities (Thailand) Public Company Limited It was noted in the analysis that MOSHI is the market leader in lifestyle products with a market share of over 37.6% and up to 100 stores, with strong brand strength. and a profit margin that is significantly higher than some competitors which supports competitiveness By raising money in the IPO, it will help strengthen the ability to grow higher. Profits in 2022-2024 are expected to grow on average per year or CAGR at 29.8% per annum.
