Check before booking MOSHI shares, the IPO price is 21.0 baht, how much is the P/E, is it expensive or not compared to the stocks in the group?

Currently in the process of opening an IPO for Moshi Moshi Retail Corporation Public Company Limited or MOSHI, a service provider of lifestyle products under the Moshi Moshi brand with more than 101 branches nationwide. and preparing to be listed on the Stock Exchange of Thailand

The total number of shares offered will not exceed 75 million shares or not more than 25.0% of the total number of issued and paid-up ordinary shares. Determine the offering price of shares IPO at 21.0 baht and is in the process of opening for subscription on December 14-16 and will be traded in the marketThai stocksOn the 22nd of Dec.

Information from the registration form or filing provided to the Office of the Securities and Exchange Commission or the SEC has informed the source of the IPO share price using the method to determine the price of ordinary shares to be offered this time. A book building method has been considered and is open to institutional investors and corporate investors who can participate in the buying demand survey. Notify the price and number of shares you wish to subscribe to the underwriters and guarantee the sale.

Considered from the price and number of shares that institutional investors want to buy. which is the price that will make the Company get paid the desired amount And there is still enough demand to buy shares at the level expected to stabilize the stock price in the secondary market.

MOSHI P/E of 28.66 times suggests there is no comparable business stock.

Offering of ordinary shares by the company This time, the offering price was set at 21.0 baht per share. If considering the net profit according to the company’s financial statements in the past 12 months, it was 219.82 million baht divided by the total number of ordinary shares of 300 million shares (fully diluted). Net per share is 0.73 baht per share and P/E is approximately 28.66 times.

because there is no listed company instock market which operates the same business as all of the Company’s business, or operates similar or close to the Company’s business operation. Commercial business category Initially, it has a P/E of 30.89 times.

In addition, the company also took the companies in the aforementioned group into consideration, namely CP All Public Company Limited or CPALL, the average price of the past 12 months was 61.64 baht, the average P / E was 32.89 times, and Central Retail Corporation Co., Ltd. ( Public Company Limited or CRC, the average price of the past 12 months is 37.80 baht, the average P/E is 36.57 times.

There are 15 million old shares offered for sale.

however MOSHI In this sale of ordinary shares of the Company The company has offered shares in total not more than 75 million shares or not more than 25.0% of the total number of issued and paid-up ordinary shares, divided into 1 ordinary share offered for sale by the company in the amount of not more than 60,000,000 shares and ordinary shares Originally offered by Winnfield Capital Overseas Company Limited in the amount of not more than 15,000,000 shares.
For the first 9 months, the profit grew 192%.

Performance of the company in the past Performance in 2021, the company has a total income of 1,263.84 million baht and a net profit of 131.27 million baht, while the performance for the first 9 months of 2022, the company has a total income of 1,253.36 million baht, an increase of 59.0% from the period from the same period of the previous year with a total revenue of 788.40 million baht, which the same-store sales revenue growth rate (SSSG) increased by 50.1%, net profit for the first 9 months of 2022 at 134.63 million baht, an increase of 192% from the same period of last year

Ms. Suparada Rojwattana, Chief Financial Officer of Moshi Moshi Retail Corporation Public Company Limited or MOSHI, revealed that growth comes from economic recovery and country opening. This results in purchasing power and economic activity. Including 6 additional branch calculations.

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