Mr. Paltham Kasemsub Senior Director Investment Banking Department, CIMB Thai Bank, as a financial advisor, Precise Corporation Plc. on an online platform for investors today to understand the business overview and future action plans. as well as to see the potential for growth after setting the price of the initial public offering (IPO) at 4 baht / share and scheduled to be traded in the Stock Exchange of Thailand (SET) on October 21, 2022 in Industry, Resources, Energy and Utilities
“This roadshow Received excellent response from investors as PCC is the leader in Smart Grid covering upstream to downstream of the electrical system. And is the first stock to focus on the transmission and distribution of Smart Grid. In the Thai stock market, there are shares that are electricity producers measured at MW, but there are no stocks that focus on bringing electricity from manufacturers to the general public. The company is involved in bringing electricity from the high-voltage level of 500 kv to consumers using 220 kv. In addition, we believe that in the short term, the company will grow from the project to increase the capacity of the distribution transformers, which will increase by about 3 times or equivalent to a total production capacity of approximately 1,080 MVA per year by 67 and there is a project for a manufacturing plant in Cambodia to be realized next year.
In the long term, the company will grow with the development of the smart grid network in Thailand, which EGAT, PEA and MEA have investment plans (2015-2036) of nearly 200 billion baht.” Mr. Paltham said
In this regard, PCC offers IPO of not more than 307 million shares with a par value of 1.00 baht per share, equivalent to not more than 25.03% of the total number of issued and paid-up ordinary shares. After this offer
Mr. Kitti Sumrit, Chief Executive Officer and President of PCC, said that in addition to the clear future business plans and strong growth prospects, As for PCC’s performance, it is very outstanding and is a key supporting factor that has attracted a lot of investor interest this time.
during the first 6 months of this year The company had total revenue of 1,727 million baht, growing 15.3% from the previous year with revenue of 1,498 million baht and having a net profit of 134 million baht, growing 67.5% from the same period last year that made 80 million baht.
PCC operates its business by holding shares in other companies (Holding Company), comprising 3 main business lines as follows: 1. Business group manufacturing and distributing equipment in power distribution systems. Project management, service work, maintenance work for both low and high voltage power systems with a size of not more than 115 kv, and energy management systems for efficiency (Power Distribution & Energy Management System). high voltage ready to produce and install control systems for intelligent electrical systems and production of smart meters (Intelligent Grid) and 3. Business groups investing in the production and distribution of electricity from renewable energy. and production of fuel from energy plants (Renewable Energy) and other businesses related