Thailand Recorder

Latest News From Thailand

General

ADVICE opens market above reservation 74.38%

Bangkok, ADVICE opens trading on the first day at 5.65 baht, up 74.38% baht or an increase of 2.41 baht from the IPO price of 3.24 baht. The Stock Exchange welcomes Advice IT Infinite Public Company Limited to be listed and begin trading on the Stock Exchange today in the service group. Commercial business category Using the trading abbreviation "ADVICE" on the first day of trading at 5.65 baht, up 74.38% baht or an increase of 2.41 baht from the IPO price of 3.24 baht. ADVICE is one of the country's major IT retail and wholesale distributors under the name "Advice" which is an IT superstore. Selling a variety of IT products Covers both general IT products and products that have specific needs, such as equipment for gamers, streamers, YouTubers, and creators. Including digital lifestyle products, Internet of Things (IoT) to smartphones and home appliances. ADVICE has a security value at the IPO price of 2,008.8 million baht, priced at 3.24 baht per share, P/E ratio equal to 7.26 times. It plans to use t he money from fundraising to expand new branches and modernize existing branches. Including using it to repay loans from financial institutions. Used as working capital for purchasing products. and invest in improving the company's information technology system. Source: Thai News Agency