ZEN (SET:ZEN) Undergoes First Trading Day, Confident in Strong Fundamentals
2019年2月21日 - 06:00PM
JCN Newswire
ZEN Corporation Group PCL (SET:ZEN), or ZEN, underwent its first
trading day in the stock market. Drawing its strengths from the
variety of restaurant brands and the potential to grow through
expansion of franchise and connected businesses, it is working to
increase the number of restaurants by 348 in 2019 and 2020 and
secure leadership among food service providers in Thailand.
Mr Boonyong Tansakul, Chief Executive Officer (CEO) of ZEN, said
that the Company has undergone the first trading day for its stock
(ticker symbol: ZEN) and it is confident that the stock will draw
healthy interest from investors. He noted that the Company's more
than 28 years' experience, strong fundamentals and position as a
food service provider that operates its restaurant business using
different brands, as well as the franchise business that
contributes to a rapid expansion of its restaurant network and the
connected businesses that offer great growth potential are the
strengths that differentiate the Company from other restaurant
operators in the industry.
The Company currently owns 12 restaurant brands and uses them for a
total of 255 restaurants (as of 31 December 2018). Six of them -
"ZEN", "AKA", "On the Table Tokyo Cafe", "Sushi Cyu Carnival
Yakiniku", "Tetsu" and "Musha by ZEN" - are for 88 Japanese
restaurants. The remaining six - "Tummour", "Lao Yuan", "Jaew Hon",
"Pho", "de Tummour" and "Khiang - are for 167 Thai restaurants".
"Khiang", their latest brand, is for Thai-style a la carte/street
food restaurants. The first "Khiang" restaurant has been launched
in December 2018 at ptt petrol station, Chetsadabodin branch,
Nonthaburi.
In 2019 and 2020, it seeks to introduce 348 more restaurants,
primarily through franchising. In 2019, it will open 123
restaurants, 36 of which will be operated by it directly and the
remaining 87 of which will be operated by franchisees. In 2020, it
will open 255 restaurants, 50 of which will be operated by its own
and the remaining 175 of which will be operated by franchisees.
Thanks to growth in the restaurant and franchise businesses
following an increase in the number of restaurants, the Company
posted impressive nine-month results (January to September 2018),
with a total revenue of THB 2.2263 billion (a 21.9% Y-o-Y rise) and
a net profit of THB 108.7 million (a 120.9% Y-o-Y jump).
"We are ready to expand our branch network in these two years. Over
the past few years, we have invested in internal management systems
and increased the workforce size. We have also strengthened our
financial position through fundraising in the stock market. We are
now aiming for leadership in Thailand's food service industry and
for the position as a leading food business operator that is
popular and trusted by customers, partners and other stakeholders",
he said.
Mr Pongsak Phrukpaisal, Managing Director of Kasikorn Securities
PCL, as Financial Adviser and Lead Underwriter, added that the
Company is a leading food service provider in Thailand and a
pioneer of Japanese restaurants in the country. The Company has
introduced "ZEN" as well as other brands and launched new
restaurants continuously to tap consumption demand from all
customer segments, including those with lower, median and upper
purchasing power. To ensure long-term growth through expansion of
its customer base, it also undertakes such connected businesses as
retailing of ready-to-cook and ready-to-eat food products or
delivery, he said.
As its businesses are about food, a basic human need, the Company
benefits from the overall economic growth and the growth in
restaurant industry that is achieved in line with the rising income
of the population and the growing urban areas. Between 2012 and
2017, the restaurant industry grew at an annualized rate of
approximately 4.7%. Euromonitor International estimates that the
industry's total market value, which stood at approximately THB
0.84 trillion in 2017, will rise to more than THB 1.05 trillion in
2022.
For ZEN Corporation Group PCL
Thiyaporn ('Da') Sriadunphan
MT Multimedia
Mobile: +66 8 7556 6974
E-mail: thiyaporn.s@mtmultimedia.com
Source: ZEN Corporation Group PCL
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