The new stock, Terabyte Plus Public Company Limited (TERA), entered trading on the Market for Alternative Investment (MAI) on the first day, showing impressive potential. The price, which is open for trading, rose 122.86% above the IPO price of 1.75 baht per share, reflecting investor confidence. CEO Sorasit Kuprasobsak is confident that the business will continue to grow. To increase the capital base, move forward with T.Cloud services and business expansion as planned. Accepting a vibrant growth future Willing to accelerate product development adding channels to generate income and profits, aiming to achieve an average growth rate of at least 10% over the next three years.
Mr. Surasit Kuprasobsak, Chief Executive Officer (CEO) of Terabyte Plus Public Company Limited or TERA, revealed that TERA shares entered trading on the Alternative Investment Market (MAI) on April 24, 2024, the first day, and the opening trading price appears to be impressively higher than the IPO price. . It opened for trading at 3.90 baht per share, an increase of 2.15 baht per share or 122.86% compared to the IPO price of 1.75 baht per share, reflecting investors' confidence in the company. As one of the IT solution providers offering high quality IT solutions providing services with a professional team well versed in solutions in addition to this, the company has many opportunities for expansion. From the trend of technological progress, especially the rapidly growing digital industry.
After raising funds this time, the company has a policy to focus on increasing business opportunities. And maintain the quality of services T.Cloud has high growth potential and will invest in a cloud system worth about 60 million baht during the fourth quarter of 2024 onwards, including investments in related businesses that have potential. To support growth and invest approximately 70 million baht in the period from 2025 to 2026, the remaining funds will be from this fundraising time. It will be used as working capital for the company during the period 2024-2025, helping to increase gross profit margins. The increased operating results make the quality and service better adding more selling points as well as helping to increase competitive potential by leaps and bounds. In addition to targeting income during the next three years to grow by no less than 10% annually, both from organic and inorganic growth, with plans to increase the percentage of income from services further. From the current rate of about 50%, it will rise to 70% within three years.
“I would like to thank investors for their warm welcome to TERA shares, the management team and employees. Ready to move forward with the business with the determination to create sustainable and stable growth and achieve good returns for shareholders. It is believed that from now on the company will have an increase in strength in financial position. And willing to pay for Continuous Growth Achieving the goal of being one of the IT solution providers providing quality IT solutions with a team of professionals with a bright future, capable of creating good returns for investors in the long term in line with TERA people's motto…Service Firstly, Expert Solutions is concerned with service and IT expertise,” said Mr. Surasit.
Mr. Somsak Sirichai Narumit Chief Executive Officer (CEO) of Asset Pro Management Company Limited or APM as financial advisor to Terabyte Plus Public Company Limited or TERA said that the opening of trading of the shares on the first day was very successful and created an impression on the shareholders which, as a financial advisor, I Very proud of him. It is a good starting point for the company to use the money received from this fundraising round to expand the business. Strengthen – Strengthens with the drive for growth in line with goals including the belief that TERA will definitely be a stock that has all the qualities to be a hybrid stock, both growth stocks and dividend stocks.
Meanwhile, Ms Omsen Seri, CEO of Beyond Securities Public Company Limited or BYD, as the guarantor and underwriter (jointly) of TERA shares, said the price of TERA shares on the first day of trading was above board. In addition to investor confidence in the company's strong management and fundamentals, investors also see continued strong growth trends. From the company's past operating results, including its outstanding business operations that have the opportunity to grow together. With the rapid growth of today's technology industry, the company has the opportunity to provide technology solutions and standard products to meet the needs of customers in both the private and government sectors. That want to increase efficiency whether it is about developing a large database processing system and a quality storage system including protection against cyber threats.
Code: Terra
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