Home Business TRV knocks IPO price 2.30 baht, subscribe for 24-26 Nov, before trading 2 Dec. 64

TRV knocks IPO price 2.30 baht, subscribe for 24-26 Nov, before trading 2 Dec. 64

by news dir

Mr. Teerawut Nawamongkolchaikit Chief Executive Officer T.R.V. Rubber Products Public Company Limited or TRV revealed that the company has set a strategy to be a leader in the business of manufacturing and distributing molded rubber parts in automobiles electrical appliances and others, ready to generate good profits in the long run

registration inMarket for Alternative Investment (mai) To encourage TRV to have high potential and readiness to grow to meet customer needs. and the advancement of the industry

The company hasobjectiveTo use the proceeds from this offering of approximately 125.50 million baht to be used for the following purposes: to finance the purchase of machinery in the amount of 85.00 million baht by 2025.

To repay loans to financial institutions in the amount of 10.00 million baht within the year 2023 to use as working capital of 22.83 million baht within 2023 and as expenses for the offering of securities in the amount of 7.67 million baht during the offering period.

This fundraising plan will use the money to invest in the purchase of 15 machines, which will support the production capacity of approximately 94 million pieces.

Recently, TRV has signed an appointment. Kingsford Securities Public Company Limited is the underwriter and underwriter. with 1 other underwriter and underwriter, UOB Kay Hian Securities (Thailand) Public Company Limited

Mr. Woranan Thawornnan Managing Director Kingsford Securities Public Company Limited, as an underwriter and underwriter, revealed that TRV has set a price for the initial public offering (IPO) of 54.56 million shares at a price of 2.30 baht. /share

Open for subscription on November 24-26 and is expected to be listed onMarket for Alternative Investment (mai) December 2, 2021 in the category of industrial products in the name of the securities “TRV”

The price of ordinary shares offered for sale is 2.30 baht per share, which is a reasonable price level. The price-to-earnings ratio (P/E) is 17.69 times based on the calculation of earnings per share based on the latest 4 quarterly operating results (from October 1, 2020 – September 30, 2021).

Ready to see 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.

Therefore, TRV is viewed as a quality stock for investors who are looking for a company with a stable path and growth factor.

Ms. Duanphan Leelavivat, Managing Director of Pioneer Advisory Company Limited, as a financial advisor, said that the interest of TRV have 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 which the molded rubber parts products It is a very important part and has high market demand.

The listing on the Market for Alternative Investment (MAI) this time supports the capacity expansion plan. and market competition to accommodate future growth opportunities

As well as operating results during the past 3 years (2018 – 2020), the company’s total revenue in 2018 – 2020 was at 146.40 million baht, 168.55 million baht and 159.65 million baht, respectively, with a net profit of 23.59 million baht, 25.27 million baht. baht and 21.20 million baht, respectively.

By 2020, even the customers of TRV will be affected by the COVID-19 situation. but still have good management ability

Overview sectionperformanceThe first 9 months of 2021 had total revenue of 134.21 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 22.03 million baht, an increase of 43.80% compared to the same period of the previous year. at 15.32 million baht

and has a net profit margin for the first 9 months of this year Compared to the same period last year, it was at 16.53% and 13.42%, respectively.

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