Beauty industry not looking so good bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Capital crush
published : 5 May 2021 at 04:00
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As the pandemic slogs into its second year, Thai companies are increasingly looking to capital markets as a source of funding during a time of unreliable investor sentiment.
The Thai initial public offering (IPO) market is expected to remain active for the next few years, grabbing a leading spot in Asean, spurred by a slow economic recovery that is forcing unlisted firms with low liquidity to seek working capital.
Businesses run by large families are now more interested in listing on the Stock Exchange of Thailand (SET) to raise funds for expansion and liquidity enhancement after suffering from the pandemic for over a year, said Anuwat Ruamsuke, managing director of Phatra Securities.
Cosmetics, food shares higher on cannabis plans bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Rojukiss aims high after first day trade
Cosmetics firm sets B3-billion revenue target for 2024, as shares rise 55% on debut
published : 19 Feb 2021 at 18:43
10 Executives of Rojukiss International Plc and the Stock Exchange of Thailand executives kick off the company s first trading day on Friday.
Rojukiss International Plc (KISS), a cosmetics and skincare marketer and contract manufacturer, aims to become Asia’s health and beauty innovation leader and reach 3 billion baht in revenues by 2024, chief executive Worrawan Chaikamnerd said on its first trading day on the Stock Exchange of Thailand (SET) on Friday.
KISS shares opened at 15 baht, up 66.67% from the IPO price of 9 baht, and closed at 14 baht, a gain of 55.6%, in heavy turnover worth 7.57 billion baht.
Rojukiss International, the marketer of beauty brands such as Rojukiss and Sis2Sis, aims to raise more than 540 million baht through its IPO on the Stock Exchange of Thailand (SET).