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Date/Time
30 Jul 2021 09:48:00
Headline
SET News :SET welcomes system integrator "AMR" on August 2
Symbol
SET
Source
SET
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                                                                         SET News 55/2021
                                                         July 30, 2021
    
SET welcomes system integrator "AMR" on August 2

Bangkok, July 30, 2021 - The Stock Exchange of Thailand (SET) will list AMR Asia
pcl, a system integrator, on August 2 under the ticker symbol "AMR". The
company has a market capitalization at its initial public offering (IPO) of THB
4.14 billion (approx. USD 125.91 million).

SET Senior Executive Vice President Manpong Senanarong said that AMR would list 
and start trading on SET in the Technology industry group, Information &
Communication Technology sector.

AMR offers services in engineering system design and IT solution system 
integration (SI) including repair, maintenance and sales of IT solution products
for over 20 years. With  expertise in advanced mass transit system, in 2016,
AMR received the contract to design install and manage the Gold Line electric
railway project Phase 1, starting from Krung Thon Buri station to Khlong San
station, being considered the first Thai company to be responsible for such
turnkey project. The company has continued the services on system management for
large-scale electric railway projects. As of March 31, 2021, its backlog was
estimated at THB 1.45 billion and revenue recognition will follow gradually. The
company has the opportunity  to grow in accordance with the government's
infrastructure development plan and  the private sector's investment projects in
 various industries.

AMR has a registered paid-up capital of THB 300 million with a par value of THB 
0.50 each. The capital consists of 450 million existing common shares and 150
million newly issued shares. It offered 80.20 million shares to the patrons of
underwriters and the company, 52 million shares to institutional investors and
17.80 million shares to the company's directors, executives and employees during
July 21 to 23, 2021, at THB 6.90 each, for a total capital raising of THB 1.04
billion. The company has a market capitalization at the IPO price of THB 4.14
billion. Trinity Securities Co., Ltd. is its financial advisor and lead
underwriter.

AMR Managing Director Marut Siriko said the listing on SET will help the company
expand its capital base and develop its potential to manage large-scale
projects. The company focuses on businesses relating to intelligent
transportation, smart city, energy technology for electric vehicle and urban
utility projects to further secure its leadership in system integration,
national infrastructure system, as well as serving large-scale customers to
benefit shareholders in the long run.

AMR's 3 major shareholders after the IPO are 1) Group of Aungsurus Areekul  
(26.25 percent),  2) Suchada Mongkoldee (12.84 percent), and 3) Group of Siriko
Family (8.63 percent). The IPO price was equivalent to the price-to-earnings
ratio (P/E ratio) of 15.33 times. The earnings per share is equal to THB 0.45,
calculated from the company's net profit in the past four quarters (from March
31, 2020, to March 31, 2021) divided by the total common shares after IPO (fully
diluted). The company's dividend policy is to pay no less than 40 percent of
net profit from its separate financial statement after corporate income tax and
legal reserves.

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

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