DO DAY DREAM sets IPO price at 53 baht Subscription period begins on 14 December, trading on 26 December Good response received from institutional investors with 18 times oversubscription

Stocks and Financial Services Press Releases Wednesday December 13, 2017 12:04
Bangkok--13 Dec--Ogilvy Public Relations

Do Day Dream Public Company Limited, the producer and distributor of SNAILWHITE skincare products under NAMU LIFE brand, today announced offered price of its ordinary shares at 53.00 baht under the initial public offering scheme where no more than 76 million shares are offered to the public. This final IPO price was set after the company received overwhelming response from institutional‎ investors with 18 times oversubscription. The fund raised in this project will be used to expand its production capacity and distribution channels as well as improvement of its operations and research and development in order to bring Thai brands to the forefront of Asia.

The company also appointed Bualuang Securities Public Company Limited as its lead underwriter.
Subscription period will be on 14-15 December and 18 December 2017 with scheduled first day trading on 26 December 2017.

Dr. Sarawut Pornpatanarak, Chief Executive Officer, said: "The Company would like to thank both institutional and retail investors who have good responded to the initial public offering (IPO). Executives will do their best to operate Company and provide investors expected return. Company have plan to expand the company's future growth in Thai and overseas markets, especially in Asia, and the company's production cost management and marketing strategy. The company's facial skin care is among the market leaders available on modern trade channel. The price also reflects the current stock market condition and quality of institutional and retail investors who have expressed interest in Do Day Dream stocks.

The subscription period is set for 14-15 and 18 December 2017and the stocks are expected to trade on the Stock Exchange of Thailand on 26 December 2017 under ticker symbol of "DDD"."

The confidence in its IPO project is contributed to the company's strong performance. Do Day Dream reported 1,263.6 million baht total revenue in the first nine months of this year, which is 27.6 percent higher than 985.4 million baht in the same period last year. Overseas sales revenue growth in this 9-month period was 457.9 million baht, a significant increase from 115.9 million last year. This represented a significant growth in the overseas market.

Do Day Dream's 9-month profit was 253.5 million baht, a slight drop from 278.8 million baht in the same period last year. This is a result of the increasing marketing and promotion expenses related to a series of eight new product launches in the beginning of this year compared to only one product launch in 2016. In addition, advertising and promotion expenses for its shower cream launched in October 2016 was recorded in the company's book in 2017, resulting in higher sales expenses this year.

When considering future growth trend, Do Day Dream believes in strongly positive trend in all product categories, especially shower cream which currently contributes 7.4 per cent to the company's revenue compared to only 0.8 per cent in 2016.

Do Day Dream also today appointed Bualuang Securities Public company Limited as its Lead Underwriter. Other co-underwriters for this IPO are Finansia Syrus Securities Public Company Limited, Maybank Kim Eng Securities (Thailand) Public Company Limited, SCB Securities Company Limited and Thanachart Securities Pulbic Company Limited.

For more information, visit http://www.dodaydream.com/th/investor-relations/ir-home
Remark:
Investment involves risks. Investors should study the prospectus before making decision.

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