Stock news 1:43 p.m. 2024-04-03
Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange accepted QTCG Public Company Limited for registration and began trading on mai under the real estate and construction group. Using the securities trading abbreviation “QTCG” on April 4, 2024.
QTCG operates a complete business of contracting and installing building engineering systems (Mechanical & Electrical: M&E), consisting of electrical and communication systems. Air conditioning and ventilation systems Sanitary and water supply systems and fire protection systems within the building The company has customers in both the public and private sectors. They are distributed in a variety of industries, including power plants. Industrial factory groups, building groups, hospital groups, hotel groups, etc.
The company accepts work both from the project owner as the main contractor and from the main contractor of the project, where the company will be a subcontractor. In 2023, there is income from being the main contractor: being a subcontractor 50 : 50 There is a work value that has not yet been recognized as income as of 31 Dec. 2023 in the amount of 1,158 million baht.
In addition, the company has a subsidiary company holding 100% of the shares. 99 is Suvarnabhumi Asset Management Company Limited. It conducts asset management business by purchasing or receiving transfers of debtors from financial institutions, which is currently temporarily halting such business operations.
QTCG has paid-up capital after IPO of 300 million baht, with a par value of 0.50 baht per share, consisting of 420 million existing common shares and 180 million additional common shares, offered for sale to individuals at the discretion of the underwriter in an amount not less than 135 million. Shares of the company’s benefactors not exceeding 27 million shares, directors, executives and/or employees of the company not exceeding 18 million shares on March 27-29, 2024 at a price of 1.20 baht per share, representing an offering value of 216 million baht. Securities at IPO price 720 million baht
The IPO price determination is calculated as a price to net earnings per share (P/E ratio) of 32.69 times, calculated from net earnings per share for the past 12 months (2023), which is equal to 22.02 million baht divided by the number of common shares. Total after this share offering (fully diluted) is calculated as net profit per share of 0.04 baht, with UOB Kay Hian Securities (Thailand) Public Company Limited serving as the financial advisor. and UOB Kay Hian Securities (Thailand) Public Company Limited and Trinity Securities Company Limited are the underwriters and underwriters for the distribution of common shares.
Mr. Thitiwat Ngernnamchokthanarat QTCG’s Chief Executive Officer revealed that the company has more than 23 years of experience in the business and has a team of engineers with experience and potential. This allows the company to provide complete installation services for all engineering systems within buildings. Able to respond to customer needs with full efficiency Deliver quality and standardized work within the mutually agreed period. The money raised from this fundraiser will be used as working capital for the normal business operations of the company.
QTCG’s major shareholders after registration are the Ngern Nam Chok Thanarat family group, holding 56% of the shares, and Mr. Yasawee Wattanatheerakitja, holding 7% of the shares. The company has a policy of paying dividends to shareholders at a rate of not less than 40% of net profit after corporate income tax For separate financial statements and after deducting various reserves
By InfoQuest News Agency (03 Apr. 2024)
Tags: QTCG, QTCG, Thitiwat Ngernnamchokthanarat, Praphan Charoenprawat, Thai stocks, first day of trading
2024-04-03 06:51:53
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