24CS closed the first day of trading 10.20 baht, an increase of 6.80 baht or +200%, trading value 4,974.98 million baht from the opening price of 7.10 baht, with the highest price 10.20 baht, the lowest price 7.10 baht.
DBS Vickers Securities (Thailand) stated in the analysis that Twenty Four Con and Supply Public Company Limited (24CS) IPO price 3.40 baht per share, representing a P/E of approximately 40 times. UOB Kay Hian Securities (Thailand) is a financial advisor. Doing business services, contractors, installation of air conditioning systems and internal environment control. Providing contracting services for electrical and communication installations Providing services for installation of sanitary and fire protection systems and providing sound insulation installation services
Opinion that there is not much backlog compared to the annual income of about 900-1 billion baht, it will account for only about 1 year of income and need to find more work in the future. for stability As for IPO pricing, when compared to peers doing similar businesses such as FLOYD and PROS, both of them can’t get P/E values because they still lose, 24CS is better. However, IPO pricing at 40 times is considered quite high. Therefore, it is expected that the increase will not be much.