ZIGA share price jumped 29.22% or increased 4.50 baht to 19.90 baht, trading value 1,700 million baht at 15.08 from the opening price of 13.90 baht, the highest price 19.90 baht, the lowest price 13.50 baht.
Mr. Supakit Ngamchitcharoen, Chief Executive Officer of Sika Innovation Public Company Limited (ZIGA), revealed that overall operating results for the year 2021 had a net profit of 204.2 million baht, an increase of 73.49% from the same period last year. It had a net profit of 117.7 million baht, which was the highest continuously in history. while having sales revenue of 1,141.3 million baht, an increase of 17.3% from the same period last year, total revenue was 972.9 million baht.
“In 2021, the company was able to maintain its growth in a good direction. and profitability continues to make record-breaking records After expanding the production capacity from 2020 from 65,000 tons to 110,000 tons, it helps in saving costs as well. and has released quality products that are high margin products as well as expanding distribution channels to the online system and the Franchise system “ZIGA FC”, which received a very good response. There is also an aggressive expansion into new businesses. Cannabis cultivation greenhouses, hemp can generate more income. And there is a continuous good signal,” said Supakit.
For the overview of business operations in 2022, the company aims to have an exponential growth in all dimensions. both old business and new business and believe that it will be the year of stepping into the transformation From steel business to full technology business especially investing in businesses related to Cryptocurrency Which currently has invested in the bitcoin mining business through a subsidiary company like Sika FC Co., Ltd. recently ordered another 200 bitcoin mining machines, totaling 100 million baht from 200 mining machines already. The machine was ordered on February 4, 2022 and is expected to be installed by February.
And if the Bitcoin mining installation goes as planned, the company expects to realize revenue from a total of 400 mining machines by 1Q22 onwards.
“From investing in the first set of bitcoin mining machines at the end of 2021, 100 machines can now generate more than 6 hundred thousand baht, and there is a good trend continuously in 2022 because the number of mining machines has increased. It should help drive more revenue and profits as well.”
In addition, the company is ready in terms of funding sources to support new business expansion. Because it has requested approval for the issuance of debentures in the amount in advance at the level of 4,000 million baht, which is expected to be gradually divided into sets of shares at a low value. according to the amount needed for each project
Mr. Wichit Arayapisit, senior director and investment strategist at Maybank Securities (Thailand) said that the ZIGA price has risen through a lot. Not only did the 4Q21 budget come out better than expected. But it is a speculation that the company has entered the Bitcoin mining business. which investors speculate that the crypto market can still go on More crypto value benefit the business But if the price of Bitcoin goes down It will be a risk to investors. I must admit that the price of Bitcoin has fluctuated up and down. which cannot be predicted
Therefore, the valuation of ZIGA shares cannot be expected to be traded on the P/E basis. It can be seen that the first fireworks-related Bitcoin mining group is Jasmine Technology Soluk Plc. The leverage (JTS), which is currently trading on P/E 700-800 times, is gaining positive sentiment as Bitcoin price continues. which if investors who take high risks can speculate But if taking the risk is not recommended to avoid it. because I don’t know when the game will end
However, the share price associated with bitcoin mining This afternoon, it also rose from the morning, prices were in negative territory, such as UPA, ECF, AJA was stable and JTS continued to run.
It can be seen that the current crypto theme is played. In which the short-term picture, the price of Bitcoin did not keep up with the stock price. from before playing marijuana theme And still play the EV theme speculation, however, it is suggested that there should be a stop loss point in order not to cause too much damage.