mai News 24/2025
                                                        April 1, 2025

mai welcomes listing of leading media company "LTMH" on April 2
 
KEY POINTS
- LTMH pcl (LTMH), a media company specializing in delivering content across 
investment, business and financial domains and the owner of "Longtunman" media
brand, to be listed in the Services industry Group on April 2.


mai President Prapan Charoenprawatt announced that LTMH pcl will be listed and 
start trading on Market for Alternative Investment (mai) in the Services
industry group under the symbol "LTMH" on April 2, 2025.

LTMH group's two main businesses are the media and platform business segment and
the offline business segment. In the media and platform domain, the company
maintains three distinct operations: 1) Online media business to create digital
content, both in-house productions and client-commissioned materials, and
deliver PR services through LTMH's network of popular online media brands
(Longtunman, Longtungirl, MarketThink, BrandCase, MONEY LAB, and Mao-Investor)
across major online platforms including Facebook, YouTube, and TikTok; 2) Online
media platform known as Blockdit, a community of user-generated content; and 3)
Digital marketing solution services through LTMH Rocket. The company's offline
division focuses on event management services and book publication. The
company's 2024 revenue can be broken down as 75 percent from the online media
business, 15 percent from the digital marketing solution services, 8 percent
from the event management services, and 2 percent from other businesses. LTMH's
combined online followers across all brands and online media channels totaled
8.39 million (as of February 28, 2025).
 
LTMH has a paid-up capital of THB 100 million after the IPO, consisting of 150 
million existing ordinary shares and 50 million newly issued shares with a par
value of THB 0.50 per share. Of these IPO shares, at least 37.5 million shares
were offered to subscribers at the underwriters' discretion, up to 7 million
shares to the company's patrons, and up to 5.5 million shares to the company's
directors, executives and employees from March 25-27, 2025 at THB 5 per share.
The offering size is THB 250 million with the IPO market capitalization of THB 1
billion (approximately USD 29.47 million) and the price-to-earnings (P/E) ratio
of 28.24 times. The earnings per share is THB 0.18, calculated from the
company's 2024 net profit which totaled THB 35.42 million, divided by fully
diluted shares. Finansia Syrus Securities pcl is the financial advisor and lead
underwriter.
		
LTMH Chief Executive Officer Thanut Techalert emphasized the company's core 
strategy of delivering quality and timely content that simplifies complex
information into understandable insights for general audiences. This approach
has yielded remarkable results, with follower numbers recording a compound
annual growth rate (CAGR) of 19.61 percent between 2021 and 2024. To strengthen
its position and stability, LTMH made a strategic move into the wealth
technology sector in 2024 by establishing two specialized subsidiaries: WealthX
Management Co., Ltd., serving as a software development arm, and WealthX
Securities Co., Ltd., operating as a securities brokerage focusing on fund and
bond products. The IPO proceeds will be directed toward expanding the businesses
of WealthX Management Co., Ltd. and WealthX Securities Co., Ltd., repaying bank
 loans, and strengthening working capital liquidity.

Major shareholders of LTMH after the IPO are the family of Thanut Techalert 
(50.83 percent), Outdoor Media Investments Limited (12.75 percent), and Ake
Tangkananond (7.60 percent). The company's dividend policy is to pay
shareholders a minimum of 30 percent of its net profit based on the separate
financial statements after corporate tax expenses and all legally mandated
reserves.

For more information on LTMH, please see the company's prospectus on the 
Securities and Exchange Commission's website at www.sec.or.th, and general
information at www.ltmh.com and www.set.or.th.

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