Welcome!

News Feed Item

SAPPE Plc Trades First Day (SET:SAPPE) after Receiving Good Response from Investors



Management Confident the Price will Surpass IPO Price owing to Company's Strong Fundamentals

Bangkok, June 25, 2014 - (ACN Newswire) - Management is confident that the opening price of SAPPE Plc (SET:SAPPE), a creator of beverages engaged in the production and worldwide sale of innovative products and drinks to respond to consumers needs for health and beauty, will be higher than the IPO price of 13.50 Baht, believing investors will respond to the shares well after good feedback during the booking period.

Investors responded to the strong fundamentals, and continuous growth in operating results, feeling the Company will continuously grow in the functional beverage market in foreign countries. Management further expects investors who miss the booking will purchase shares on the SET for long-term investment. Advisory Plus, the financial advisor, is also confident that SAPPE would be successful in the listing in the Stock Exchange on 25 June with investor confidence in strong fundamentals, financial position and continuous growth in operating result.

Mr. Adisak Rakariyapong, Chief Executive Officer of SAPPE Pcl, said that the Company was confident that the opening price of the Company's shares in the Stock Exchange of Thailand on 25 June 2014, under the symbol 'SAPPE', would receive good response from investors. It is expected that the share price will be above the IPO price at 13.50 Baht.

The Company has a competitive strength in functional drinks both domestically and internationally, driven by implementation of the creative policy for the 'SAPPE' brand and other brands to become the one of the world's leading beverages. The Company places importance on creating new innovations for the beverage industry in terms of both flavor and packaging and has manufacturing processes, research and various distribution channels to access functional beverage markets in Thailand and in 50 countries worldwide through business partners, distributors and agents.

Currently, SAPPE's products are divided into 4 key groups for both domestic and international markets under 13 brand names, including 1. Functional Beverage Category, under the brands SAPPE Beauti Drink, SAPPE Beauti Shot and St. Anna, 2. Fruit Juice / Juice Drink Category, including SAPPE for One Day, a 100% concentrated fruit and vegetable juice; MOGU MOGU, fruit juice with coconut jelly; CHEWIE and COCO Crash, a fruit-flavored drink blended with coconut jelly; and SAPPE Aloe Vera Drink, a fruit-flavored drink mixed with aloe vera cubes, 3. Functional Powder Category, including Preaw Coffee, Swiss Garden Coffee and Slimfit Coffee, a weight-control coffee drink for health and beauty; and Preaw Chlorophyll, chlorophyll powder imported from Japan helping to flush out toxins from the body, and 4. Ready to Drink Category, including canned Preaw Coffee.

Every brand is well received by consumers. SAPPE Beauti Drink is especially appreciated by consumers and ranks number 1 in the market share of functional drinks for women in Thailand. MOGU MOGU, a fruit juice with coconut jelly, is also successful in terms of the marketing. It is recognized worldwide.

"We have strong growth potential and are ready to compete in the functional beverage business both domestically and internationally. Our goal is to introduce Thai brands with strength in the world markets from the development of product innovations and the modern and outstanding packages under the policy that emphasizes on quality products to provide new options for consumers. We believe that such strategy will help us to grow with strength in the future," said Mr. Adisak.

Mr. Prasert Patradhilok, the President of Advisory Plus, financial advisor of the Company said that for the overall operating result of the Company in the first quarter of this year, total revenue from sales was 774 million Baht, increasing by 302.79 million Baht or representing a 64.26% increase from the same period of the previous year at 471.21 million Baht. Net profit was 146 million Baht, increasing by 122.49 million Baht or representing a 449% increase from the same period of the previous year at 26.60 million Baht. This growth was led by the increasing export sales; the depreciation of Thai Baht, resulting in good profitability; and the good economy of scale from the increasing production volume in conjunction with increasing sales volume, resulting in more efficient cost control.

Mr. Manpong Senanarong, Managing Director of Kasikorn Securities Public Company Limited, the underwriter, said that SAPPE shares received good recognition from the institutional investors which have made booking 18 times exceeding the quota from the first day of the booking period. This is because the investors are confident on SAPPE business fundamentals which could enhance the operating result in terms of the sales volume and profit to grow outstandingly.

In addition, 42.1% discount has been offered in the IPO price. The price is equivalent to P/E at 15.9 times, lower than the average P/E of other listed companies in the same group at 27.5 times. Therefore, it is expected that SAPPE shares will receive good response from investors. It is also expected that many investors who miss the booking for IPO will purchase the shares in the stock market for their long-term investments.

About SAPPE

SAPPE Plc. (SET:SAPPE) strives to become a preferred and trusted global brand with a dynamic and innovative work place and passionate synergistic team of best talent working happily together towards achieving 5 billion baht sales in 2017. We better people's LIVES through our innovative spirit. We aim to be a great Thai model of organization, serving people who enjoy convenience and a healthy lifestyle with awesome foods and beverages that amaze people. For more information, please visit www.sappe.com.


Source: SAPPE

Contact:
Published by Master Mind Communications Co., Ltd. 
on behalf of SAPPE Public Company Limited.
Thiyaporn Sriadulpan (Da) 
Tel. +66-2-612-2081 ext. 124 or +66-87-556-6974 
Email: [email protected]




Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...