The newly listed company AssetWise Public Company Limited (ASW) made its debut on the Stock Exchange of Thailand (SET) today (April 28) and did not disappoint, opening at 11.80 baht, up 20.16% compared to the IPO price of 9.82 baht per share. CEO "Kromchet Wiphanpong" is set to proceed with new project launches as planned, supporting continuous record-breaking performance. The company aims to rank among the top 10 in market capitalization within the real estate sector, positioning itself as a growth stock that will provide good returns to shareholders in the future.

Mr. Kromchet Wiphanpong, Chief Executive Officer of AssetWise Public Company Limited (ASW), revealed that ASW began trading on the Stock Exchange of Thailand (SET) today (April 28) and successfully opened above the subscription price at 11.80 baht, an increase of 20.16% compared to the IPO price of 9.82 baht per share. This reflects the confidence investors have in the company as a real estate developer with strong revenue and profit growth, boasting a high gross profit margin (over the past three years) ranging from 30.7% to 44.2%, thanks to effective cost management under a management team with over 16 years of experience, allowing them to understand the market and develop products that meet consumer demand across all segments.

The funds raised from this offering will be used for project development between 2021 and 2024, including repaying loans to financial institutions and for working capital. The company has plans for 11 projects valued at 21.202 billion baht to be developed and sold in the next 4 to 5 years, with 6 projects worth 10.850 billion baht set to launch this year.

“I would like to thank all shareholders and investors for warmly welcoming ASW. Our team and management are ready to expand the business according to plan to create opportunities and drive continuous growth from completed projects, those under construction, and future projects in the pipeline. ASW aims to become a company with a market cap ranking among the top 10 real estate stocks listed on the stock exchange,”

Ms. Siriporn Laeratanakul, Assistant Managing Director of Asia Plus Advisory Company Limited, as the financial advisor, stated that the first-day trading received a lively response, partly due to the company's strong fundamentals and the appropriately set IPO share price. As the financial advisor, we take great pride in this and see it as a great starting point for the company to leverage the funds raised to strengthen its business and drive growth as targeted. We believe ASW will be an attractive stock that can provide good returns to investors in the future.