SET - The Stock Exchange of Thailand

07/30/2021 | Press release | Distributed by Public on 07/29/2021 21:02

SET News :SET welcomes system integrator 'AMR' on August 2

SET News 55/2021 July 30, 2021 SET welcomes system integrator 'AMR' on August 2 Bangkok, July 30, 2021 - The Stock Exchange of Thailand (SET) will list AMR Asia pcl, a system integrator, on August 2 under the ticker symbol 'AMR'. The company has a market capitalization at its initial public offering (IPO) of THB 4.14 billion (approx. USD 125.91 million). SET Senior Executive Vice President Manpong Senanarong said that AMR would list and start trading on SET in the Technology industry group, Information & Communication Technology sector. AMR offers services in engineering system design and IT solution system integration (SI) including repair, maintenance and sales of IT solution products for over 20 years. With expertise in advanced mass transit system, in 2016, AMR received the contract to design install and manage the Gold Line electric railway project Phase 1, starting from Krung Thon Buri station to Khlong San station, being considered the first Thai company to be responsible for such turnkey project. The company has continued the services on system management for large-scale electric railway projects. As of March 31, 2021, its backlog was estimated at THB 1.45 billion and revenue recognition will follow gradually. The company has the opportunity to grow in accordance with the government's infrastructure development plan and the private sector's investment projects in various industries. AMR has a registered paid-up capital of THB 300 million with a par value of THB 0.50 each. The capital consists of 450 million existing common shares and 150 million newly issued shares. It offered 80.20 million shares to the patrons of underwriters and the company, 52 million shares to institutional investors and 17.80 million shares to the company's directors, executives and employees during July 21 to 23, 2021, at THB 6.90 each, for a total capital raising of THB 1.04 billion. The company has a market capitalization at the IPO price of THB 4.14 billion. Trinity Securities Co., Ltd. is its financial advisor and lead underwriter. AMR Managing Director Marut Siriko said the listing on SET will help the company expand its capital base and develop its potential to manage large-scale projects. The company focuses on businesses relating to intelligent transportation, smart city, energy technology for electric vehicle and urban utility projects to further secure its leadership in system integration, national infrastructure system, as well as serving large-scale customers to benefit shareholders in the long run. AMR's 3 major shareholders after the IPO are 1) Group of Aungsurus Areekul (26.25 percent), 2) Suchada Mongkoldee (12.84 percent), and 3) Group of Siriko Family (8.63 percent). The IPO price was equivalent to the price-to-earnings ratio (P/E ratio) of 15.33 times. The earnings per share is equal to THB 0.45, calculated from the company's net profit in the past four quarters (from March 31, 2020, to March 31, 2021) divided by the total common shares after IPO (fully diluted). The company's dividend policy is to pay no less than 40 percent of net profit from its separate financial statement after corporate income tax and legal reserves. For more information on AMR, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th. For general information, please visit www.amrasia.com and www.set.or.th. 'SET...Make it Work for Everyone' Follow us on Twitter @SET_Thailand_EN ______________________________________________________________________