Anatomy of 11 stocks to go public in 2023

Situation “Thai Stock Market“In 2023-2024, it is still not considered very bright. Especially in 2024, there will be many negative factors surrounding it. Affecting investor confidence both at home and abroad resulting in foreign investors selling off.Thai stocksSo much blood flowed non-stop up to 3 agencies alikeMinistry of Finance, Supreme Education Council AndStock trading Joining forces to make a statement “Measures to advance the Thai capital market” in the hope of restoring confidence in the stock market. With measures to attract investments of more than 530 billion baht

When searching for information from the Stock Exchange of Thailand to seeSubscription shares Which came to trade on the SET market and the MAY market from 2023 to the first half of 2024 found that There are many securities whose prices are still low. There is a rate of change in prices that is still negative compared to the IPO price of more than 50%. There are 11 securities.

SAF Private Steel Public Limited SAF

• First day of trading January 19, 2023
• The subscription price is 1.93 baht
• Price June 25, 2024 at 0.68 baht
• Decreased by 1.25 baht or -64.77%

Ceresoft Public Company Limited SRS

• First trading day October 10, 2023
• Subscription price is 16.00 baht
• Price June 25, 2024 at 5.90 baht
• Decreased by 10.1 baht or -63.13%

Thai Parcel General Co., Ltd. TPL

• First day of trading June 30, 2023
• The subscription price is 3.30 baht
• Price June 25, 2024 at 1.24 baht
• Decreased by 2.06 baht or -62.42%

DIXON TECHNOLOGY GENERAL CO., LTD DIXON

• First day of trading March 31, 2023
• The subscription price is 4.50 baht
• Price June 25, 2024 at 1.91 baht
• Decreased by 2.59 baht or -57.56%

Penelesmatic Solutions Public Limited PANEL

• First day of trading February 22, 2024
• The subscription price is 3.68 baht
• Price June 25, 2024 at 1.59 baht
• Decreased by 2.09 baht or -56.79%

NTSC Nutrition Company Limited

• First day of trading February 9, 2023
• The subscription price is 26.25 baht
• Price June 25, 2024 at 11.90 baht
• Decreased by 14.35 baht or -54.67%

Bangkok Lab & Cosmetics General Company B.S.C

First trading day June 21, 2023

The subscription price is 10.50 baht

Price June 25, 2024 at 4.82 baht

Decreased by 5.68 baht or -54.10%

QTCG Public Limited Company QTCG

• First day of trading April 4, 2024
• Subscription price 1.20 baht
• Price June 25, 2024 at 0.56 baht
• Decreased by 0.64 baht or -53.33%

Pilatus Marine PLT

• First day of trading April 27, 2023
• The subscription price is 1.55 baht
• Price June 25, 2024 at 0.73 baht
• Decreased by 0.82 baht or -52.90%

Millennium Group (Asia) Public Company Limited MGC

• First day of trading April 26, 2023
• Subscription price is 7.95 baht
• Price June 25, 2024 at 3.88 baht
• Decreased by 4.07 baht or -51.19%

Stone One Public Company Limited STX

• First day of trading April 26, 2024
• Subscription price is 3.00 baht
• Price June 25, 2024 at 1.48 baht
• Decreased by 1.52 baht or -50.67%

Natshat McMasin Assistant General Manager of the Company's Securities Analysis DepartmentTRINITY SECURITIES LIMITED Provide information to “Krungthep Turakij” it The IPO shares have been entered from the beginning of 2024 so far in a total of 17 securities, including SET and MAI. Looking at the details from day one, and referring to the closing price of day one, there were 11 securities that closed at a profit. . Compared to its IPO price, Everledge's yield was 39%, and the median yield was 19%.

However, when comparing IPO stocks from the last year or two, they are considered to have improved. Because the returns are very positive. At this time last year liquidity is very dry, as most IPO stocks are small and mid-cap stocks.

“Although the returns may not seem like much, around 30-40%, if compared to last year. In some periods it has fallen by more than 20%, which has led to mid-cap and small-cap stocks in the early stages of IPO trading causing some excitement.

While in the second half of the year this is considered the case IPO stock trend There will still be good momentum as most of the FAs are trying for the IPO shares to come and not be too expensive. If the IPO shares are discounted, it will be less successful. Therefore, it can be seen that the IPO shares in the recent period, and the valuation that came in the recent period was not as stringent as it was in the past. There has been some speculation. Therefore, the supply of inventory that will come will be inexpensive, including demand in the second half of the year and various regulations. From the stock exchange this will help make trading accessible to retail traders.

Sorapon and eramethicol Senior Physician, Securities Analysis Department Kasikorn Securities Provide additional information: From now on the market volume has started to recover. When compared to the last month or two, if…TESG Fund The sale will start in August onwards, with the money expected to come in at the level of 300,000 million baht, and this may cause volume to return by 4,000-5,000 million baht per month. The increase of about 20,000 million baht by financial institutions will be a driving force for the market for trading volumes to return to be More active than today.

At the same time, the interest rate situation in the United States, including many leading and developed countries, has begun to send signals that they will begin to gradually reduce interest rates in the third quarter of 2024. Part of this will facilitate the gradual introduction of currencies into the ASEAN region. We gradually appreciate and this will lead to the stock market in the ASEAN region in the third to fourth quarter of 2024 returning to activity again.

However, companies waiting to enter the Thai stock market later this year are expected to do so Subscription shares It will be lively again during July and August onwards. There are many high quality companies. He is moving forward with registration and currently has a good number of bookings coming in

Proofreading….Suri Selawang