WARRIX opened for trading on the first day at 8.05 baht, an increase of 1.75 baht or +27.78% from the IPO price of 6.30 baht.
Globlex Securities evaluates Warrix Sports Plc. (WARRIX) shares with a reasonable price consensus of 8.50-8.80 baht from the IPO price of 6.30 baht.
WARRIX is a distributor of apparel and clothing. Sports equipment and other clothing that can be used both in daily life and in various activities both domestically and internationally The proportion of physical therapy clinic services is less than 1% of total income.
The company’s income in 2019-21 and the 6-month period of 2022 was 700.1 million baht, 661.9 million baht, 658.1 million baht and 697.5 million baht respectively and reported the operating results for the year 2019-21 and the 9-month period of 22 with a net profit of 12.0. 12.7 million baht, 14.2 million baht and 65.4 million baht, respectively, due to the early 2022 situation of the COVID-19 epidemic. began to unravel The company therefore ordered products in line with market demand. which allows the company to sell more products thus making income from the sale of classic products and collection products of the company increased
While the GPM of 2019-21 and the 9-month period of 2022 was 42.2%, 40.6%, 41.2% and 5.4% with the gross profit margin for the 9-month period of 22 due to the price adjustment of new collection products at the end of the year. 64 continuously until 65 for Licensed and Non ?Licensed products
WARRIX sells no more than 180.0 million IPO shares, representing no more than 30% of total shares. Par value of 0.50 baht per share, with IPO price compared to P/E of similar companies, SABINA 19.4x and RSP 18.2x. Objectives of raising funds 1. Construction of a sports science center and office on Rama 9 Road. as working capital for business operations
