MTW closed the first trading day at 3.48 baht, an increase of 0.60 baht (+20.83%) from the IPO price of 2.88 baht. 2,891.16 million baht from the opening price of 7.45 baht, the highest price of 7.80 baht, the lowest price of 3.44 baht.
TISCO Securities stated in the chapter, based on preliminary estimates, has Make To Win Holding Plc. (MTW) appropriate value in 2023 at 3.53 baht (based on companies in the industry, both with similar business characteristics at a P/E of 35 times), looking at MTW, both core businesses have good growth prospects , and the production and distribution of ready-to-wear clothing is expected to be driven by the situation in the country that began to normalize after the onset of the COVID-19 resolution, which led to increased consumer spending along with the increase in the number of foreign tourists Including an increase in selling prices is another supporting factor
As for the business of selling and distributing electric motorcycles, it is expected to be driven by the expansion of production capacity. and the growing popularity of electric cars and motorcycles Including the existing electric vehicle industry in the country, more support from the government is another supporting factor. For MTW, the risk factors to be aware of are the risk of high competition, the risk of raw material price volatility. and the risk of reliance on electric motorcycle component manufacturers
MTW The company operates its business by manufacturing and distributing its main products as follows: 1) ready-to-wear garments under various trademarks such as “Anoko” “Noble” “Over Bick?C” and “S Sport”, etc. 2 ) The company also manufactures and sells electric motorcycles through its subsidiary, Deco Green Energy Co, Ltd under the DECO trademark, which the company mainly sells through bicycle dealers electric motor that are scattered throughout the country.
