SYS-CON MEDIA Authors: Carmen Gonzalez, Yeshim Deniz, Sean Houghton, Glenn Rossman, Ignacio M. Llorente

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
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization’s identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...