Dexon Technology Public Company Limited (DEXON) prepares to offer an IPO of 123.18 million shares at a price of 4.50 baht per share, moving forward to be listed on the Market for Alternative Investment (mai) on March 31, 2023.
DEXON is a provider of engineering inspections and technological innovation. to inspect the structure and production equipment in all industry groups Both the petroleum, petrochemical, power generation industries renewable energy group And other industries to check the integrity of the structure, including the material, which DEXON has a team of experts and experienced engineers. Providing services with modern tools developed by the company Which has been certified by various standards from international agencies
Mrs. Mallika Kaekla, Chief Executive Officer of DEXON, revealed to “InfoQuest” that the company saw opportunities to grow abroad. The first funding of approximately 120 million baht will be used to expand the business to the Netherlands (Europe) and the United States. To expand the pipe inspection market by using advanced technology (Advance Inline Inspection).
Although the US economy and Europe showing a slowdown Including having to face a major financial crisis, but DEXON estimates that it will not affect the market expansion. because the group of customers who do business with not in the financial sector But it’s an energy customer. which is the basic industry for living Therefore, even if there is any crisis These industries still have to move on.
“The fact that we are planning to go abroad It doesn’t mean that we abandoned the Asian market that we currently dominate. Just add a team, expand the team and focus on areas that we haven’t invaded yet. according to the information studied US and European area Lots of pipes even though there are players in the market But we still have space to gain market share easily. along with the new technology we invented make us sure We will definitely hit the market in these two areas.” Ms. Mallika said
For the second funding, about 60 million baht will be used for research and development. to research technology And create new tools to differentiate yourself from competitors. Including further development for DEXON to grow in the future
“There is one device that is the highlight. The Hawk Pipeline Crack Detection and Measurement System is the name of a device that provides a very detailed inspection. Only 1 millimeter visible. We jointly developed with companies that provide sponsors from the United States The project is now completed. Put it into practice with customers in Canada. Which has been confirmed by customers that the test results are very accurate. It is another device from the R&D department, ”said the CEO.
Mr. Wicha Tomana, Managing Director Investment Banking Department, Phillip Securities (Thailand) as a financial advisor and distribution manager And guarantee the sale of DEXON’s shares, said DEXON’s share price at 4.50 baht / share came from a survey of institutional investors’ needs (Book Building), with demand from funds at an adequate level. That will help maintain the price stability of DEXON after it has entered the market as well, with a price of 4.50 per share, equal to the P / E Ratio of about 20 times, compared to the full year performance of ’22 where DEXON has earnings per share at 22 satang.
“DEXON is a Thai company with global service potential. There is no listed company in Thailand that has a business model like DEXON at all. It may be similar, but DEXON is the leader in pipe inspection that we call Advance Inline Inspection or Smart Pigging Technology due to the potential of personnel. In the development of the company’s own inspection equipment, DEXON is considered to be a potential stock for growth or Growth Stock. said Mr. Wicha
By InfoQuest News Agency (28 Mar. ’23)
