Bangkok, “Safe Fertility Group Public Company Limited or SAFE”, a provider of specialized medical clinics for comprehensive fertility treatments. First day of trading on the Stock Exchange of Thailand Establish a strategy to build on the strengths of providing infertility treatment services to create sustainable growth for the organization.
SAFE opens trading on the first day at 16.00 baht, a decrease of 5.00 baht (-23.81%) from the IPO price of 21.00 baht. Dr. Wiwat Kwangkananurak A doctor who specializes in treating infertility using medical assisted reproductive technology. As the Chief Executive Officer of Safe Fertility Group Public Company Limited or SAFE, he revealed that the company has listed SAFE shares for trading on the Stock Exchange of Thailand for the first day (2 Nov.) in the service industry group. After successfully offering 76,748,600 additional common shares to the general public for the first time (IPO) at a price of 21 baht per share, this is an important step for SAFE to support the plan to expand infertility treatment services and rooms. Genetic operations of the group of companies to cover more Fulfill the dreams of infertile people to have the opportunity to have children as desired. Ready to join in driving Thailand to be a destination for infertile people from around the world (Fertility Tourism) in line with the government’s policy to develop Thailand as an international health center to drive the economy in the future. The group of companies has laid out a strategy to drive the business
towards Leader in infertility treatment Embryo genetic diagnosis and wellness at the Asian level Through the expansion of fertility centers and reproductive laboratories. To partner hospitals with networks covering the country or in partner hospitals Located in a location with potential in terms of economy and tourism. Both in the form of trade alliances, joint investments, acquisitions. Including using modern and effective treatment technology. Always develop personnel to provide services. To promote the Group of Companies to be a leader, including communicating and building the brand “SAFE FERTILITY” as a leader in infertility treatment and embryo genetic diagnosis in Asia more proactively, such as through offline channels and online to both domestic and international consumers Digital Marketing, etc. There are also plans to expand growth into other related businesses.
The Group plans to use the proceeds from fundraising to build sustainable growth potential in the future. Initially, the Ramintra branch will be moved to the area in the golf driving range project, Golf Channel Center, Ramintra Road, in order to increase convenience for service users. Including providing more integrated services, such as having a modern and extensive genetics laboratory for the group’s scientists. It is expected that the investment will be approximately 100 million baht. Currently considering joint investment opportunities with laboratories in private and government hospitals. Become a business partner in the form of a joint venture (Joint Venture) with private hospitals both in Thailand and abroad.
While the operating results for 2020-2022 had total income of 529.77 million baht, 561.96 million baht, 729.32 million baht, respectively, and a net profit of 42.16 million baht, 78.23 million baht, 161.73 million baht, respectively, for the first 6 months of 2023, there was income Total 409.84 million baht, an increase of 9.4 percent from the same period last year. and had a net profit of 87.4 million baht, a decrease of 3.89 percent from the same period last year. The slight decrease in net profit was a result of expenses in preparation for listing on the stock exchange, which were one-time expenses.
“We are confident that SAFE will grow exponentially from its strong capital base. and become a leader in infertility treatment Embryo genetic diagnosis and wellness in Asia and help fulfill the dreams of infertile people into reality with a focus on providing world class services Pay attention to patient safety With innovation and modern technology,” SAFE Chief Executive Officer said.
Source: Thai News Agency