STX is ready to ring the mai trading bell on the first day, April 26, emphasizing the first industrial quarrying stock to be listed on the stock exchange. With the strength of stone as an upstream raw material in the construction industry. The company’s mining projects are in economic areas where there is continuous investment. It is believed that after raising this fund, it will support the plan to expand the new quarry. Currently in the process of negotiating 2 locations in Chonburi Province and Phetchaburi Province. It is expected to see clarity on 1 new mine this year in order to create maximum benefit for the company. Ready to receive rising demand from Thai infrastructure mega projects. Supporting performance to grow while the business model is easy to understand, strong capital base, low debt, and clear investment plans for future projects. Standing as one of the quarrying business operators who have received the Green Mining Award for more than 10 years continuously.
Mr. Songwut Wechachanukroh Chief Executive Officer of Stone One Public Company Limited or STX revealed that the company is ready to list its shares for the first day of trading on the Market for Alternative Investment (MAI) in the real estate and construction business category on April 26, using the abbreviation “STX”. Set a goal to expand the source of raw materials and production in the future. Expand the industrial stone business for construction to cover all regions of Thailand. By investing in a quarrying business that is already in operation or development of new quarries which is in an appropriate location with the intention of mining in an environmentally friendly manner At present, the company has 2 quarries at Nong Kha Quarry, Si Racha District, Chonburi Province and Chom Bueng Quarry, Chom Bueng District, Ratchaburi Province.
For future projects, the company has prepared a business plan to study the possibility of investing in business expansion in two new quarrying sites in order to increase sales and profits for the company. There is a project to find new mine reserves in Chonburi Province. From the initial survey, there are reserves of granite industrial stone for the construction industry of approximately 32.00 million tons. Currently, negotiations and negotiations with sellers are ongoing. and the second quarry is located in Phetchaburi Province. From the preliminary survey (as of February 2024), there are reserves of industrial limestone stone for the construction industry of approximately 19.00 million tons.
STX is considered an outstanding quarrying business operator in the industry. that places importance on setting up community, social, and environmental management systems Reinforcing confidence from receiving the Corporate Social Responsibility Standards Award for Mineral Industry Entrepreneurs (CSR-DPIM), the Green Mining Award continuously since 2013, and the Green Industry Award, a green industry level. 3. Green System (Green System) Systematic environmental management. There is monitoring and evaluation. and review for continuous development It reflects our commitment to creating sustainable value for all stakeholders. It is considered a strong point in expanding into new quarries that have potential.
By entering the Market for Alternative Investment (mai) this time, STX will use the money from fundraising to invest in the quarrying and mineral business. or used to buy quarries and minerals or used in the construction of factory buildings Including investment in machinery and related equipment. by the new mine that the company The plan to acquire each mine is expected to generate approximately 20-30% more revenue for the company. In addition, there are plans to expand the market in dolomite mineral products. It will support total income to grow. While dolomite ore has a higher average profit rate than the stone product group, it is also used as working capital for business operations. to create sustainability in the future and believe that after raising this fund It will support the company’s capital base to be even stronger. Prepare to expand into new opportunities.
In this regard, the growth of the company Consistent with the development of the country according to the government’s policy plan. that promotes various mega projects including the Eastern Special Development Zone (EEC) project, the Southern Seaboard development project, as well as the Landbridge project. The EEC project has estimated demand for approximately 100 million tons of stone, of which there are currently only 10 million stone producers for EEC. tons per year, which if the company is able to raise funds as planned and can expand the mine by 2024. The company will have one more mine that can support various mega projects.
Mr. Pongphak Suthipong, Deputy Managing Director Investment Banking Department 2, I V Global Securities Public Company Limited, as a financial advisor. and the underwriter said that with strong business fundamentals Stone is featured as an upstream raw material for the construction industry. The company’s mining projects are in economic areas where there is continuous investment. This fundraiser Used to invest in the quarrying and mineral business. Including using it as working capital to support sustainable growth opportunities and operating performance trends that are in an upward trend Along with the IPO offering of 65 million shares, the offering price is set at 3.00 baht per share, which is considered an appropriate price level. It is believed that it will build confidence among investors. who saw the potential and growth opportunity of STX, which is the first industrial quarry operator for construction to be listed on the mai market.
Moreover, STX has experience and expertise in the business of producing and distributing industrial stone products for construction for more than 27 years. An important highlight is having a strong and stable financial position. It has a debt-to-equity ratio (D/E) as low as 0.18 times and has equity as high as over 600 million baht, so it has high potential for business expansion and access to funding sources in the future. Registration this time Therefore, it supports STX to raise the organization to international standards. and can create a New S-Curve of business
For operating results in 2023, the company had total income of 371.29 million baht, an increase of 32.8% from the previous year, with a net profit of 38.04 million baht, an increase of 76.5% from the previous year, with a gross profit margin of 31.26%, a net profit margin of 10.24%. Revenue comes from the sale of 20 mm granite from the Nong Kha quarry for the construction industry. Returning to production as usual, including the company’s new product at Chom Bueng Mine which is powdered dolomite. It is considered an expansion of the customer base. and enter into value added products (Valued added)
Tags: STX ready trade mai April #26th quarrying stock SET Moving expansion
-
