It is another stock to watch in time for stocks. WARRIX or Warrix Sports Public Company Limited which operates the business of selling clothing, sports equipment and physical therapy clinic services after trading in the secondary market Market for Alternative Investment (mai) on December 21, 2022, with a capitalization at the IPO price of 3,780 million baht at a price of 6.30 baht per share. Until today, the share price has increased by 58%. The share price has almost doubled, making WARRIX become the most popular stock. in the eyes of investors
If talking about WARRIX in sports circles, no one would not know. because it is considered a clothing brand that athletes wear especially clothing design and functions that are beautiful, outstanding and modern Able to lead the trend of sportswear in the world At present, WARRIX’s income proportion is divided into production of products under license or license for various football teams, about 20%, which are both club and national teams, and the remainder is other products such as lifestyle.
In 2023, WARRIX aims to grow revenue around 1 billion baht as the business plans to expand further abroad. Which, in conjunction with the marketing of lifestyle products, to support the overall business better and recently WARRIX has continued to expand its wings to move forward in business By increasing capital in WARRIX Holding PTE. LTD. (Singapore), a subsidiary that was established to invest in expanding business abroad The said subsidiary will acquire all shares of Premier Football Company in Singapore. With the total consideration value of approximately 30 million baht, the transaction is expected to be completed within the first quarter of 2023.
This will allow the company to expand its retail and wholesale business in Singapore by selling its products. together with licensed products from the world’s leading football clubs This is to increase the variety of product groups. It also increases the opportunity to expand overseas markets around the world, with an acquisition value of S$ 800,000.
For the company Premier Football specializes in selling football products. that has been established for 17 years, such as national football team shirts and club teams Providing designing and ironing services for names, numbers, and various logos on shirts, generally called Flex, as well as selling sports equipment. Merchandise for general football And the company is known as the No. 2 clothing and sportswear store in Singapore.
As a result, WARRIX is granted the right to use the trademark. with history Has experience and expertise in product sales management for a long time And it is considered to expand the market to foreign countries to be more well-known.
The WARRIX board has also approved the investment. For the purchase of trademarks and assets of Fit Junction Co., Ltd., with a total value of 5.5 million baht. and designed the Fit Junctions Academy program, which Fit Junctions is Thailand’s leading fitness and nutrition consulting institute. Have experience working in fitness and nutrition for more than 19 years and has teaching materials through various online channels with more than 1.6 million followers in total. The transaction is expected to be completed in the 1st quarter of 2023.
This investment will make WARRIX stronger in the health business. With the strength of the Fit Junctions brand, which is widely known among athletes. fitness trainer and health lovers In addition, the company will be entitled in all digital and intellectual property as well
As for the direction of the operation of the health business group in 2023, the company expects to generate revenue of at least 50 million baht, which is considered a significant growth from the previous year. All in all, this is a remarkable advancement and expansion of the business of WARRIX, a new stock that cannot be blinked. Because when looking at the market, doing business related to health is still a trend that the world continues to receive better and better responses.
