Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Thailand News  >> Capital Markets  >> Thai bourse welcomes MK Restaurant Group pcl. (M)
NEWS UPDATES Asean Affairs   14 August 2013  

Thai bourse welcomes MK Restaurant Group pcl. (M)

BANGKOK, August 13, 2013 – The Stock Exchange of Thailand (SET) welcomes MK restaurant group pcl to its main board, listing in the Food and Beverage Sector and starting trading on August 15 under the ticker symbol "M," with a market capitalization of THB 44.39 billion (approx. USD 1.43 billion).

SET Executive Vice President Chanitr Charnchainarong said that M has operated a sukiyaki and food restaurant chain under the “MK” brand for 27 years, with a current total of 460 domestic branches, consisting of 359 branches of MK Suki, 95 branches of its Japanese restaurants Yayoi, and other restaurants: namely Hakata, Tenjin, Thai Le Siam, Na Siam, and Le Per Tit. M also operates 44 branches in Japan, Singapore, and Vietnam.

M has a paid-up registered capital of THB 905.85 million, consisting of 720 million existing shares and 185.85 million newly-issued ones, with a par value of THB 1.00 each. M offered its new share issue via an IPO on August 5-7 at THB 49 per share, for a total of THB 9.1 billion. Asia Plus Securities pcl is its financial advisor, while underwriters are Asia Plus, Bualuang Securities pcl, and Phatra Securities pcl.

Rit Thirakomen, Chairman and CEO of MK, said; "We are honored and very pleased that the company is listing on the stock exchange, which is a crucial step to boost our image, reputation, financial strength, and business potential. Fundraising proceeds will be used for constructing a new central kitchen on Bangna Road, Bangkok. This building, expected to be completed in November, will enable doubling of our branches. Funds will also be used to repay debt related to our new office building, expand branches, and be held as reserves for expansion.   

M's three major shareholders after the IPO are Mrs. Yupin and Mr. Rit Thirakomen (37.4%), Mr. Somchai Hanjitkasem (18.1%) and Mr. Somnuk Hanjitkasem (18.1%). The IPO price was set at THB 49 per share, with a price to earnings ratio of 22.2 times, calculated using 2012 net profit divided by 925.85 million shares issued after IPOs (including warrant exercises allocated to company’s executives and employees) which equals to 2.2 baht, compared with the P/E ratio of the industry which was at 34 times (between June 27 and July 28, 2013). Its dividend policy is to pay no less than 50 percent of net profits after reserves.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories    14  August 2013 Subsribe Now !
• Seletar Airport raising service and safety standards of ground handlers Subcribe: Asean Affairs Global Magazine
• Thai bourse welcomes MK Restaurant Group pcl. (M) Asean Affairs Premium
• Five companies in the pipeline for IPOs: OJK
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Vietnam's economy back on track, says IMFs
• Jakarta mulls ways to spur on spending
• Foreign Firms in Laos Cheat, Bribe to Bring Fuel
• SGX-listed Yoma's consortium succeeds in tender for management of Myanmar's Mandalay Airport
Asean Analysis           14 August 2013 Advertise Your Brand
• Asean Analysis- August 14, 2013: Asia Pacific consumers are most worried about the economy: GfK
• Asean Weekly:The Biweekly Update 9 August 2013
Asean Stock Watch     13 August  2013
• Asean Stock Watch-August 13, 2013 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com