Bangkok: HANN, a prominent hospital network in the Mekong River Basin, entered the Market for Alternative Investment (MAI) today with a remarkable surge in its stock price. The shares opened at 1.19 baht, marking an increase of more than 70% from its initial public offering (IPO) price of 0.70 baht. This significant uptick underscores HANN’s potential as a leading healthcare provider in the region.
According to Thai News Agency, Mr. Kittipan Phusanawan, Senior Managing Director of Globlex Securities Co., Ltd., the underwriter and distributor for HANN’s IPO, noted the substantial interest from investors. He highlighted that the IPO’s pricing at 0.70 baht per share, with a P/E ratio of 11.36, was strategically set below the sector’s average of 15. This aligns closely with the par value of 0.50 baht per share. The company has also implemented a lock-up strategy for 96% of existing shares to ensure stability.
Mr. Ekkajak Buaphakdee, Managing Director of Capital One Partners Co., Ltd., explained that HANN’s debut on the MAI market is expected to generate strong returns due to its solid financial foundation and expertise in medical management. The company’s broad customer base, which includes private, public, insurance, and international clients, helps mitigate business risks.
Ms. Prabhasri Suchantabutra, CEO of HANN, expressed the company’s commitment to sustainable growth and business expansion. The IPO funds will be used to enhance Mukdahan International Hospital and Dr. Han Hospital in Yasothon Province, including the construction of new facilities and the acquisition of medical equipment. This strategic investment aims to improve service quality and customer satisfaction.
HANN, with over 30 years of experience, operates three hospitals in the region: Mukdahan International Hospital, Dr. Han Hospital, and Ruam Phaet Yasothon Hospital. With a total capacity of 148 beds, these facilities offer a wide range of medical services. The company serves four main groups of patients, including cash customers, insurance clients, government welfare users, and international patients from neighboring countries.
For the first half of 2025, HANN reported a total revenue of 236.71 million baht and a net profit of 20.67 million baht, reflecting a growth rate of 169.24% compared to the previous year. The company maintains a dividend policy of distributing no less than 40% of net profit, after tax and reserves, based on separate financial statements.