SET welcomes skincare producer Do Day Dream on December 26

Stocks and Financial Services Press Releases Monday December 25, 2017 14:35
Bangkok--25 Dec--SET

The Stock Exchange of Thailand (SET) will list Do Day Dream pcl, the skincare product producer and distributor on SET, on December 26, under the ticker symbol "DDD". The company has a market capitalization at its initial public offering (IPO) of THB 16.75 billion (approx. USD 507.52 million).

SET Senior Executive Vice President Santi Kiranand said that DDD, the skincare product producer and distributor, would list on SET in the Consumer Products industry group, Personal Products & Pharmaceuticals sector.

DDD produces and distributes skincare products under the "NAMU LIFE" brand, having "SNAILWHITE" skincare as its core product. The company focuses on ingredient selection, production process efficiency to produce safe and quality products as well as selective packaging. DDD' plant locates in Rojana industrial estate, Ayudhya province in central Thailand, with production capacity of 1,903.2 milliliters per year.

DDD has a paid-up registered capital of THB 316 million, consisting of 240 million existing common shares and 76 million newly issued shares, with a par value of THB 1.00 each. During December 14-15 and 18, it offered the entire newly issued shares to general public via IPO at THB 53 each, for a total of THB 4.03 billion. Bualuang Securities pcl is the financial advisor and lead underwriter.

DDD Chief Executive Officer Sarawut Pornpatanarak said that aiming for Asia's top three beauty company, the fund raised would be used to enhance production efficiency, expand warehouse and distribution channels as well as developing research and development systems; and as working capital.

DDD's three major shareholders after IPO are Pornpatanarak Family (71.88 percent), North Haven Thai Private Equity Clarity Company (HK) Limited (4.97 percent), and The Hongkong and Shanghai Banking Corporation Limited (1.04 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 54.08 times calculated by using the company's net profit in the past four quarters (Q4/2016 – Q3/2017), divided by fully diluted shares, representing earnings per share of THB 0.98. DDD and its subsidiaries' dividend policy is to pay no less than 50 percent of net profit from the company's separate financial statements after taxes and reserves.

For more information on DDD, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th;and for general information, please visit www.dodaydream.com, as well as www.set.or.th .


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