POLY’s stock price continued to rebound sharply after yesterday’s crash to close at 10.20 baht, up 2.30 baht (+29.11%) and this morning’s closing price at 11.80 baht, rising again by 1.60 baht (+15.69%) after entering the first day of trading on November 16, 2022 with an IPO price of 6.80 baht, already up 73.53%
Ms Kanchana Laoratana, CEO of Polynet Public Company Limited (POLY), revealed that the company is confident that the revenue and profit in 2022 will reach the highest record since the establishment of the company 23 years, growing continuously of 2021 with revenue of 786. million baht and net profit of 120.9 million baht from the first 9 months of this year, the company has earned 790 million baht in revenue and net profit of 122.5 million baht.
The company expects that this year’s revenue will increase to 1,100 million baht due to the increasing number of advance orders received in all business groups. And it is expected that the results for the quarter of 4/22 will be better than the quarter of 3/22 and better than the same quarter of the previous year. Although it is expected to have a net profit margin of around 15-16%, close to the year 2011 at the level of 16%.
For the next year, the company has set a 3-year revenue target (year 2023-2025) to grow 25-30% per year and the size of the net profit will increase from this year onwards. Because the company intends to reduce the share of revenue from the automotive group (Auto) down to 30% from 65% in 2021, which this year will decrease to 50%, while the medical equipment group (Medical) and’ r consumer products consumer group. (Consumer) increases 70% from this year at 50% because the medical and consumer products, including the Non-Auto group, have a higher net profit margin than the automotive group.
“This year, I made a new high, a new record, continuing from the previous year. Next year, we think we can make New High School a continuous one.”
Currently, the company has more than 1,100 million baht in advance orders awaiting delivery in the year 2023 and is likely to continue to increase during the year. Although the company has a capacity utilization rate of 70-80% and has ordered additional machines from the funds from the IPO.
Mrs Kanchana said the company expects to be able to continue to pay off. The company has a policy to pay dividends of at least 40% of net profit, but expects to be able to pay more than the policy. The company will pay interim dividends (period January – September 22) at a rate of 0.08 baht per share.
By InfoQuest News Agency (22 Nov ’22)
Tags: INTERVIEW , POLY , Kanjana Laoratana , Thai stocks , Polynet
