Bangkok--25 Nov--SET
The Stock Exchange of Thailand (SET) will list Muangthai Leasing pcl, vehicle title loan and personal loan to individuals through its branches, on November 26, under the ticker symbol "MTLS” in the Finance & Securities sector. The company has a market capitalization at its initial public offering (IPO) of THB 11.66 billion (approx. USD 353.3 million).
SET Executive Vice President Chanitr Charnchainarong said, “MTLS is Thailand’s top loan provider offering vehicle title loans for various types of vehicle including motorcycle, automobile, agricultural vehicle, personal loan for existing customers with good payment record and insurance brokerage services through their 454 branches nationwide.”
MTLS has a paid-up registered capital of THB 2.12 billion; consisting of 1,575 million existing common shares and 545 million newly issued shares, with a par value of THB 1 each. During November 19-21, the company offered 42.5 million newly issued shares to its executives, directors and employees and 502.5 million shares to the general public via IPO at THB 5.5 each, for a total of THB 3.0 billion. Finansia Syrus Securities pcl is its financial advisor and underwriter.
MTLS Chief Executive Officer Chuchart Petaumpai said the company plans to expand its services to cover all regions in Thailand; fund raised will be used for business expansion, working capital, and partially paid back to lenders. Listing on SET will enhance the company’s financial strength and sustainable growth, while generating continuous returns for shareholders.
MTLS's three major shareholders after the IPO are Petaumpai family, consisting of Chuchart and Daonapa Petaumpai (66.27 percent), Wasin Dechkijvigrom (3.07 percent) and Sorrachai Dechkijvigrom (3.07 percent). The IPO price was equivalent to price per earnings ratio (P/E ratio) of 22.23 times. MTLS’s P/E ratio was calculated by using the company's net profit in the past four quarters (Q4 2013 - Q3 2014) divided by fully diluted shares, representing earnings per share of THB 0.25. The SET average P/E ratio is 18.67 (from November 18, 2013 to November 17, 2014.) Dividend policy is to pay no less than 50 percent of net profits from standalone financial statement after taxes and reserves. For more information on MLTS, please see the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th and general information at the company's website at www.muangthaileasing.co.th , as well as www.set.or.th . SET Group: “Matching Your Right Financial Opportunities”
For more information, please visit www.set.or.th .