Mr. Woranan Thawornnan Managing Director Kingsford Securities As an underwriter and guarantee the sale of newly issued ordinary shares to be offered to the general public (IPO) of T.R.V. Rubber Products (TRV) revealed that TRV has set the IPO price of 54.56 million shares at a price of 2.30 baht per share. mai (mai) on 2 Dec. 64 in the category of industrial products in the name of the securities as “TRV”
The price of ordinary shares offered for sale is 2.30 baht per share, which is a reasonable price level. Calculated as a price-to-earnings ratio (P/E) equal to 17.69 times by calculating earnings per share from the results of the last 4 quarters (from 1 Oct. 20-30 Sept. 21)
Recently, TRV has signed an appointment. Kingsford Securities Become a distributor and guarantee distribution. along with 1 other distributor and guarantee which is UOB Kay Hian Securities (Thailand)
Mr. Teerawut Nawamongkolchaikit, Chief Executive Officer of TRV, revealed that the company has a strategy to become a leader in the manufacturing and distribution of molded rubber parts in automobiles. electrical appliances and others, ready to generate good profits in the long run Listing on the mai market to support TRV’s high potential and readiness to grow to meet customer demand and the advancement of the industry
The company aims to use the proceeds from this offering of approximately 125.50 million baht to finance the purchase of 85 million baht in machinery within the year 68, the number of 15 machines, which will support the production capacity of approximately 94 million. pieces, repay loans to financial institutions of 10 million baht within the year ’66, used as working capital of 22.83 million baht within the year ’66 and as expenses for the offering of securities of 7.67 million baht
Mr. Teerawut said that TRV has outstanding fundamentals. and after the COVID-19 situation have a better direction including recovering purchasing power following government measures Especially the Thai automotive industry that supports production to replace imports. and focusing on the production of automotive parts to strengthen the supply chain Until now, Thailand is the production and export center of Southeast Asia. Increase opportunities for parts business This will enhance the potential of TRV to become a strong leader in manufacturing and distributing molded rubber parts in automobiles and electrical appliances in the future.
Ms. Duanphan Leelavivat, Managing Director of Pioneer Advisory Company Limited, as a financial advisor, said that TRV’s attractiveness has its strengths and strategies. In our expertise for more than 20 years, we have been trusted to produce and deliver products. As a result, the company has gained trust in the production and delivery of molded rubber parts, parts for automobiles and electrical appliances of many famous brands, especially customers who are large Japanese manufacturers. is one of the main customer bases of the company The molded rubber parts products are very important and have high market demand. The listing on the mai market this time is to support the capacity expansion plan. and market competition to accommodate future growth opportunities
For the operating results during the past 3 years (61-63), the company has total revenue of 146.40 million baht, 168.55 million baht and 159.65 million baht, respectively, net profit of 23.59 million baht, 25.27 million baht and 21.20 million baht, respectively. In 2020, even TRV’s customers are affected by the COVID-19 situation. but still have good management ability
As for the overall performance of the first 9 months of the year 64, the total revenue was 134.20 million baht, an increase of 17.34% compared to the same period of the previous year at 114.37 million baht, with a net profit of 22.02 million baht, an increase of 43.76% compared to Compared to the same period last year at 15.32 million baht and the net profit margin compared to the same period last year was at 16.53% and 13.42%, respectively.
By InfoQuest News Agency (24 Nov 64)
Tags: IPO, mai, TRV, Kingsford, T.R.V. Rubber Products, Woranan Thawornnan, new ordinary shares, Thai stocks, industry, MA cough
