Mr. Chaiyut Chunhacha, Chief Executive Officer of G-Able Public Company Limited (GABLE), said the company is willing to invest in related businesses with high growth potential in line with capital raising objectives. It will focus on companies that have their own proprietary platform technology. to increase competitiveness create long-term added value for the company and inorganic growth
The company is currently in a feasibility study. and due diligence of the target companies wishing to invest to create synergies in growth, including penetrating the Tech Consult business, to highlight being a full digital transformation service provider.Cycles and will be a growth engine that will enable the company allows to grow without limits .
“I want all investors to follow G-Able’s next S-curve. We will focus on businesses with higher profitability. to generate good long-term returns for shareholders along with moving towards the goal of being the No. 1 digital technology company in the country,” Chaiyut said.
For the listing on the SET on May 9th, this is an important step that allows GABLE to grow according to the established strategy. We pride ourselves on providing technology to help enterprise customers create growth plans and expand their business without limits. And our technology is one of the key factors contributing to the construction of Thailand’s digital economy. Make G-Able Trustworthy Consistently creating strong growth for more than 33 years
In addition, investor confidence in trading in the company’s shares is to be strengthened. The group of major shareholders which is Liew Charoen Group, Uuawatanasakun Group, Chansue Group and Pantoomvanich Group and some existing shareholders have also voluntarily entered into an agreement to sell the remaining shares from the silent period in accordance with the regulations of the Stock Exchange of Thailand for Not for sale for 6 months from the date of commencement of trading on the exchange. which, in combination with shares subject to the Silent Period under the regulations of the Stock Exchange of Thailand, total more than 71.84 percent of the total number of shares in the Company.
Mr. Sompob Kirasoonthornpong Managing Director of Finansia Syrus Securities as Financial Advisor and Sales Manager and Underwriter said that G-Able has strong fundamentals and has been considered a big player in Thailand’s IT industry for more than 33 years. and professionals As well as past performance can grow. And have a business that will be a new growth engine by using the developed and proprietary technology to drive the business forward.
GABLE operates in a growing and heavily invested industry. An overview of the Thai digital industry Both the software industry and the digital services industry continue to show continuous growth every year From the importance of different organizations in technology investments This has a positive impact on the business of GABLE, which is not only a general system integrator but also is a leading provider of comprehensive digital transformation services with many years of experience. There are more than 1,000 employees who can provide consulting services. And to the business of developing its own software platform will be the key that can create more business opportunities During 2020-22, the platform software business will have a compound annual revenue growth rate (CAGR) of more than 32% and an average gross profit margin of more than 50% can achieve.
In addition, GABLE still has recurring revenue at a high level of 51%. In 2022, sales and services revenue was 4,731 million baht, net profit was 268 million baht, and there was a backlog of outstanding projects of about 4,100 million baht. that GABLE will be another tech stock that can grow and stay in investors’ minds for the long term
By the way, the GABLE share price opened the first day trading yesterday at 7.30 baht against the IPO price of 6.39 baht, but closed the first day at 6.00 baht and today (May 10) the price is always even lower than reserved. It fell as low as 5.90 baht but recovered to 6.15 baht in the afternoon.
From the InfoQuest news agency (10May23)
Tags: GABLE, G-Able, Chaiyut Chunhacha, Thai stocks
