ไทย
SKIN began trading on the mai on its first day, moving forward to drive growth after its fundraising. The company plans to build upon existing products, develop 12 new SKUs, aggressively enter the beauty industry market, and expand its distribution channels and customer base, setting a target to grow more than two times within three years.
Mr. Chanwit Khieonawawongsa, Chief Executive Officer of SKIN Laboratory Public Company Limited (SKIN), a Thai beauty product developer and distributor that understands modern consumers, revealed that the company’s first day of fundraising on the Market for Alternative Investment (mai) in the consumer products industry group was well received by investors. This marks another significant step toward continuous growth for the company, which has seen constant growth over the past 12 years, both in terms of operating results and consumer acceptance.
SKIN targets more than twofold growth within three years. For its operational plan in the final quarter, which is the business high season, the company is preparing to launch 12 new SKUs, including skincare and Makeup Care products under the Skinsista brand and the cosmeceutical brand Dermie. It will also expand both offline and online distribution channels to increase consumer convenience in purchasing products and to reach a wider base of new customers.
Mr. Somsak Sirichainaruenmitr, Chief Executive Officer of Asset Pro Management Co., Ltd. (APM), in his capacity as the financial advisor to SKIN Laboratory Public Company Limited (SKIN), stated that APM is highly pleased to be part of SKIN’s success. This fundraising on the mai will enable the company to execute its business plan as targeted, supported by readiness in terms of funding, proactive market expansion, and expertise in the beauty industry with an understanding of modern consumers.
SKIN is set to be a Growth Stock with substantial future growth opportunities. This is because the company is at the starting point of the skincare, cosmeceutical, and Makeup Care businesses, which constitute a large market that expands continuously every year. Furthermore, the brands managed by the company, both Skinsista and Dermie, are reputable and widely accepted by consumers. This positions the company for significant potential to expand its customer base by increasing the number of products that meet customer needs for nourishment, care, and solutions for skin problems at excellent value.
Mr. Vicha Tomanah, Managing Director of Investment Banking at Phillip Securities (Thailand) Public Company Limited (PST), in his capacity as the lead underwriter, stated his belief that SKIN will attract interest from investors, both on the first day of trading and thereafter. This is due to the appropriate IPO price, which aligns with the current investment outlook, combined with strong business fundamentals and no interest-bearing debt. This readiness allows the company to expand its business within the continuously growing beauty industry. He is confident that SKIN will be a new stock that generates good returns for investors, both in terms of growth and dividends for shareholders, as the company has a dividend payout policy of no less than 40% of net profit.