Economy/Money17 Aug. 23 9:33
Thai Coconut Public Company Limited or COCOCO ends the Bangkok road show after success in 4 major provinces across the country. ready to move forward according to the plan Bring no more than 370 million new IPO stocks to the SET board within the third quarter of 2023, the big boss “Dr. Worawat Chinpinklao”, Chief Executive Officer. Revealing excellent feedback Reflecting investor confidence in the company, “Seksan Thanapachai”, Chief Executive Officer of Fin Plus Advisory Co., Ltd. as FA, identified a strong foundation – with good growth prospects. In line with the opinions of 2 Joint Lead Underwriters, led by “Aomsin Siri”, BYD’s Chief Executive Officer, pointing out the strong financial position. Performance growth according to the target “Teerasak Tawiyamaphon, Managing Director of UOBKH, stated that there is potential for growth and competition in the future, and concluded with “Pattara Taschan”, COCOCO’s Chief Financial Officer, emphasizing the past 3 years of bright performance, revenue and profit. keep growing
Mr. Seksan Thanopchai, Chief Executive Officer of Fin Plus Advisory Co., Ltd. as a financial advisor of Thai Coconut Public Company Limited or COCOCO, revealed that COCOCO has successfully organized a road show (RoadShow). To investors in major cities across the country, namely on August 7, 2023 in Ratchaburi Province, on August 8, 2023 in Hat Yai District, Songkhla Province, on August 9, 2023 in Chiang Mai Province, on the 10th August 2023 in Khon Kaen Province and culminating in Bangkok on August 16, 2023, received a good response from investors who listened to the information. with investors interested Ask for details about business operations, investment expansion, business opportunity creation, product development plans, distribution to both domestic and international customers, future growth trends. and financial status of the Company This reflects the interest in COCOCO’s business very well.
For this IPO, there are no more than 370 million shares with a par value of 0.50 baht per share, representing 25.17% of the total number of issued and paid-up ordinary shares after the initial public offering. this And it is expected to be listed on the Stock Exchange of Thailand or SET in the food and beverage sector within the third quarter of 2023.
Dr. Worawat Chinpinkhiao Chief Executive Officer of Thai Coconut Public Company Limited or COCOCO revealed that COCOCO’s roadshows in major cities across the country have received very good feedback from investors. This reflects the interest in the COCOCO business, which is Thailand’s largest market leader in processed coconut products. by creating more confidence for investors towards COCOCO
For more than 15 years of operating the business, COCOCO has been committed to developing the business for strong growth. along with the importance of laying foundations and developing various systems This is in line with the performance figures that have a consistent growth direction.
Ms. Pattara Taschan, Chief Financial Officer of Thai Coconut Public Company Limited or COCOCO, said that COCOCO’s good response from investors shows that investors are interested and have confidence in the fundamentals. of business foresee future growth potential Therefore, you can be confident that investors will actively subscribe to IPO shares.
At the same time, COCOCO has a strong financial position. According to the past 3 years of performance during the years 2020-2022, the company has revenue from sales and services of 3,022 million baht, 3,454 million baht and 3,364 million baht, respectively, and has a net profit of 69.46 million baht. , 241.88 million baht and 302.22 million baht respectively and net profit margins of 2.29%, 6.95% and 8.94% respectively.
And during the quarter 1/2023 (Jan.-Mar. 2023), the company’s revenue from sales and services was 857 million baht, an increase of 3.25% compared to the quarter 1/2022, with revenues of 830 million baht and a profit of 66.90 million baht, an increase of 7.79% compared to the first quarter of 2022 with a net profit of 61.63 million baht, reflecting continued growth.
Ms. Aomsin Siri Chief Executive Officer Beyond Securities Public Company Limited, as a joint underwriter and underwriter or Joint Lead Underwriters, said listing on the Stock Exchange of Thailand or SET will strengthen investor confidence as well. Because this fundraising supports COCOCO’s business expansion with the vision of becoming the number one market leader in processed coconut products in Thailand. with an efficient team and development of quality products Performance is in line with the target. and awareness of social responsibility Including the strengths of operating results for the past 3 years with continuous growth. have a strong financial position and have stable working capital for business operations This creates opportunities and potential for future growth.
Mr. Teerasak Thawiyamaporn Managing Director UOB Kay Hian Securities (Thailand) Public Company Limited UOBKH, as a joint underwriter and underwriter or Joint Lead Underwriters, said that this roadshow Make investors understand the nature of business operations. And get to know more about COCOCO and its potential for growth. and ability to compete with development goals that focus on elevating the development of coconut products And expanding the international market to expand more widely from nowadays with customers in more than 90 countries around the world. This will help increase investor confidence before doing this IPO.
2023-08-17 02:34:27
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