Tuesday 23 September 2008

Jay Mart IPO Thailand

A new IPO or initial public offering is set to hit the Thailand Stock Markets very soon. The IPO belongs to Thailand's leading mobile phone distributor, Jay Mart PCL.
How many shares will be sold through the Jay Mart IPO Thailand?
A total of 75 million new shares will be sold by the Jay Mart IPO.
Jay Mart IPO Thailand
When will the Jay Mart IPO open for subscription?
The IPO open date for Jay Mart IPO will be sometimes in November 2008. Jay Mart's IPO should happen by the end of this year as the company wanted to enjoy a tax benefit.

Who are the lead underwriters of the Jay Mart IPO Thailand?
Asia Plus Securities ASP.BK is a financial adviser and lead underwriter for the share sale of Jay Mart IPO Thailand.

What are the financial results of Jay Mart IPO Thailand?
Jay Mart has registered capital of 300 million baht ($8.8 million). It posted a net profit of 57 million baht in the first half of this year, up 27 percent from a year earlier

How is the business outlook and future for Jay Mart IPO Thailand?
The company is in the business of selling mainly mobile sets. Inexpensive handsets account for 70% of Jay Mart's sales, with higher-priced products the rest.
Mr Adisak said the company was shifting its focus to higher-priced handsets, and said sales trends were bullish thanks to the planned rollout of third-generation mobile services in the near future. Mobile sales, which have a profit margin of 11%, account for 95% of Jay Mart's revenues, while other businesses such as debt collection and retail space management account for the rest.
Mr Adisak said the firm's new businesses offered high margins at around 30%. Debt collection is offered through a subsidiary, JMT Network Services.

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