mai President Prapan Charoenprawatt said that MCA will be listed and start trading on mai in the Services industry group.
MCA is a one-stop marketing promotion activity solution provider specializing in field marketing activities to cater to clients' business needs, starting from raising brand awareness, creating customer engagements to continuously stimulating sales. The company offers four main services as follows: 1) Organizing marketing activities and providing digital services, 2) Product packing and logistic service, 3) Product Consultant (PC) service, and 4) Product merchandiser service.
In the first half of 2023, the company's income ratio from these four main services was 39:4:22:35, respectively. The company's main clients are in the food and beverage industry, as well as consumer products, consisting of multinational and Thai companies. In addition, MCA has recently started a new business of being a distributor for products, with a pilot project for a client in the personal care and medical supply business group beginning from the third quarter of 2023.
MCA has a registered paid-up capital of THB 115 million, consisting of 170 million existing ordinary shares and 60 million newly issued shares, with a par value of THB 0.50 each. It offered at least 51.8 million newly issued shares to the individuals at the underwriters' discretion, up to 4.5 million to the company's patrons, and up to 3.7 million to the company's directors, executives and employees during October 16 - 18, 2023 at THB 3.30 each, for a total of THB 198 million in fund raised. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 35.24 times. The earnings per share is equal to THB 0.09, which was calculated from the company's net profit of THB 21.54 million for the last four quarters (July 1, 2022 to June 30, 2023), divided by fully diluted shares. Capital One Partners Company Limited is the financial advisor, and Globlex Securities Company Limited is the lead underwriter.
MCA Chief Executive Officer Phakdee Laongarm said that the company is an expert in planning marketing strategies, with over 20 years of experience in providing services to clients in leading firms from a variety of industries, both local and international brands. In addition, MCA also has a database of more than 9,100 outsourcing employees to support various services and activities with nationwide coverage, based on an application system called MJobs system specifically to support the services. Proceeds from the fundraising will be used to invest in assets for the Distributor business, to repay loans from financial institutions, and as working capital.
MCA's major shareholders after the IPO is the Phakdee Laongarm group (68.91 percent). The company's dividend policy is to pay no less than 30 percent of the company's net profit, after corporate income tax, retained earnings of separate financial statements, and legal reserves each year.
For more information on MCA, 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.marketconnectionsasia.com as well as www.set.or.th.
Source: SET Corporate Communications