Polynet Plc. or POLI Considered a new company that has stepped inStock Exchange of ThailandOnly 7 days, the price has increased strongly since the first day of trading on November 16, 2022. IPO at 6.80 baht per share after closing at 7.30 baht
The latest on November 24, 2022, closed at 14.90 baht, increased for 7 days at 8.10 baht or +119.12%, while during the trading day, the highest at 16.00 baht, the lowest at 13.70 baht, volume 55,394,219 shares and r worth 836.82 million baht
Mrs revealed Kanchana Laoratana, CEO of Polynet Public Company Limited or POLY i Bangkok business which the Company currently hasBook in advanceWhich is an order that comes in more than 1,000 million baht, which will be transferred to the fourth quarter and next year, most of the company’s customers are global brands that have planned a year in advance and booked incoming orders. This allows the company to calculate the revenue in advance as to how much it will bring in. The 4th quarter of 2022 is expected to have better results than the 3rd quarter of 2022, and in the past 9 months, the company has earned 790 million baht in revenue and 122.5 million baht in net profit.
especiallyautomotive businessThe more clarity when ordering orders. Because of complete car components in one car There will be more than 30,000 pieces together, so these companies that are customers will place orders in advance, which see that the competitors in this business are unlikely to get much because that it is distributed to recognize the income of all companies that do not compete with customers
At the same time, the companyadjust business portfolioNew from the original, most of them are in the Automotive group, around 70% and Non-Automotive 30%, and currently trying to set a goal to adapt the new portfolio to be in the automotive group 30 %, medical equipment group 30% and consumer products group 30% and The remaining 10% is put into other industries such as energy, packaging or food, etc. In addition, the company also has foreign customers such as Japan, the United States and Europe have already started placing orders.
Mr. Prakit Siriwatanaket, Investment Strategist managing director of Asset Management Company (AMC) Merchant Partners Co, Ltd said that in terms of POLY shares, at the beginning, it may be possible that there are not many free floats. Minority shareholders are only about 25%, most of the shares are in the executives and owners. which shares are distributed in small retail hands and stocks with very little market caps Currently 6,000 million baht, while last year’s assets were 1,200 million baht. The net profit for the year is over 100 million baht is considered reasonable for small cap stocks that can be raised during the IPO.
The company deals withplastic rubber, silicone rubber In the automotive and medical equipment industry, the demand is still there. And most of the competitors in the automotive industry do not have many competitors that are late. Most will focus on the body, other car components. Instead of focusing more on the car And under the automotive industry is still positive. Domestic sales are still good. In terms of exporting, POLY therefore has no problem in this regard.
However, businesses in this sector, the manufacturing industry and new competitors can easily enter. which can be similar to the feel of STGT at the beginning there is an order waiting Many orders are waiting, get more money from raising money and setting up more factories. In the end, quite a few competitors entered the market, so it was a trap for the manufacturing industry. That was the wrong forecast in terms of demand and supply. Therefore, I would like to remind investors that If you are going to buy, you must consider carefully and be careful because currently RE is 30 – 40 times, which is considered quite expensive.
Mr. added Natthaphon Khamthakrua, Director of the Investment Analysis Department, Yuanta Securities (Thailand) that plastic or rubber vehicle parts are not subject to direct disturbances like metal ones. or the engines that are likely to grow according to the group Where the automotive group is considered an uptrend, not just one POLY, but the whole group is catching up. The big one in the group also adapted. he may be able to play in groups
Recently, the Federation of Thai Industries or FTI Revealed finished car exports in October 2022 at 94,228 units, an increase of 15.51% from the same period last year. Although the value of car exports was 84,917.32 million baht from 71,410.68 million baht from the same period last year.
Although the finished car exports in the first 10 months were 800,672 units, an increase of 5.48% from the same period last year, with the value of car exports at 727,468.96 million baht, an increase of 9.60% from the same period last year is good picture of this industry group
