|By ACN Newswire||
|June 25, 2014 06:44 AM EDT||
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. 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.
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.
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.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Sep. 2, 2015 08:00 AM EDT Reads: 808
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
Sep. 2, 2015 08:00 AM EDT Reads: 251
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 2, 2015 07:30 AM EDT Reads: 609
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Sep. 2, 2015 06:45 AM EDT Reads: 335
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Sep. 2, 2015 05:45 AM EDT Reads: 402
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Sep. 2, 2015 05:15 AM EDT Reads: 548
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Sep. 2, 2015 04:00 AM EDT Reads: 482
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Sep. 2, 2015 03:45 AM EDT Reads: 427
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Sep. 2, 2015 03:00 AM EDT Reads: 523
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Sep. 2, 2015 02:30 AM EDT Reads: 452
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
Sep. 2, 2015 02:00 AM EDT Reads: 698
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
Sep. 2, 2015 01:45 AM EDT Reads: 484
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Sep. 1, 2015 11:45 PM EDT Reads: 401
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
Sep. 1, 2015 11:00 PM EDT Reads: 513
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Sep. 1, 2015 07:00 PM EDT Reads: 277