Business Operations of the Group
1) trading segment Distributor of energy-saving devices and businesses related to renewable energy (Renewable Energy) (sold out of energy-saving devices in the third quarter of 2022)
2) Public Utilitiest Production and distribution of tap water and installation of a water supply system to manage the water supply on Samt Island and surrounding areas in Pluang Daeng District, Rayong Province, operated by a subsidiary company
- Samed Utilities Company Limited (“Samed Utilities”)
- Pluak Daeng Company Limited (“PLD”)
- K Waterworks Company Engineering Co., Ltd. (“KWATER”)
3) Service segment Personnel management (Termination of the contract in the 2nd quarter of 2022) If considering the conditions in the contract, there is no risk or damage effect, the company will continue to operate the business of personnel management or other related areas. with the aim of earning more income and more returns
4) Real estate development business Operated by a subsidiary, More Property Co., Ltd. Development Company Limited (“PROP”)
5) Entertainment business operated by
- More Dan Entertainment Co., Ltd. ("MDE") Subsidiary Company
by being appointed as a representative in the management of concerts for And the subsidiary has provided a joint venture for organizing the Rolling Lound concert held in April 2023.
| 2022 | 2021 | 2020 | 2019 |
|---|
| Revenues | 140.21 | 143.73 | 42.27 | 40.31 |
| Expenses | 119.28 | 136.35 | 80.17 | 55.75 |
| Net Profit (Loss) | 13.91 | 1,158.67 | -47.22 | -15.77 |
| Assets | 2,002.20 | 1,628.12 | 530.36 | 509.76 |
| Liabilities | 127.19 | 173.02 | 234.91 | 165.53 |
| Shareholders' Equity | 1,854.59 | 1,438.83 | 278.62 | 325.84 |
| Operating | -69.08 | -0.62 | 47.62 | -52.42 |
| Investing | -10.13 | -12.06 | -110.78 | -233.89 |
| Financing | 758.87 | 16.05 | 33.99 | -1.63 |
| EPS (Baht) | 0.00 | 0.18 | -0.01 | 0.00 |
| GP Margin (%) | 26.46 | 22.16 | 14.99 | 42.26 |
| NP Margin (%) | 8.56 | 805.48 | -115.39 | -45.18 |
| D/E Ratio (x) | 0.07 | 0.12 | 0.80 | 0.48 |
| ROE (%) | 0.84 | 134.93 | -15.62 | -4.72 |
| ROA (%) | 1.02 | 107.59 | -8.99 | -2.97 |
Increase the opportunity to do business in entertainment (Entertainment) because the company wants to find a business that can generate income and make profits for the company sustainably and the company has foreseen that the entertainment business (Entertainment) and tourism businesses are in demand. After the epidemic of the corona virus, economic conditions or factors that happens in today's world
Increase the opportunity to do business in entertainment. (Entertainment) will make the company experience and Ability to work on new projects from business relationships in various fields to happen which can be used to expand existing businesses and new businesses
The Company is the copyright holder and has officially organized Rolling Loud in Thailand for 5 years from 2023 to 2028, with exclusive rights to organize events in Southeast Asia, which are hip-hop concerts (“HIPHOP") under the license of Rolling Loud USA. The concerts are highly respected abroad in the Americas, Europe, Australia and this time will be the first Rolling Loud concert in Asia under the name Rolling Loud Thailand.
Performance for the year 2022 :
The company's consolidated financial statements showed a net profit of 12.01 million baht, or 8.56 percent of total revenue, which, when compared to the consolidated financial statements of the same period last year, found that the company's net profit decreased by 1,146 million baht or decreased by 98.96 percent because in the previous year The company recognized profit from sale of investment in subsidiaries in the amount of 1,055 million baht and other income from the reversal of provision for liabilities from guarantee obligations in the amount of 99.29 million baht.
For the year ended December 31, 2022, the Company continued its positive performance from the recognition of increased revenues of a new subsidiary in the tap water distribution business in early March 2022. And due to the government's policy to open the country, relax measures to prevent COVID-19 in the middle of 2022, causing revenue in the utility sector to increase by 99.02 percent. In addition, the company gained profit from the measurement of warrants to purchase ordinary shares of Hey Company. Alt Empire Corporation Public Company Limited, resulting in the company's net profit for the year 2022 in the amount of 12.01 million baht.
Increased capital of More Water Solutions Co., Ltd. (60% subsidiary company) (“MWS”) to a new registered capital of 10,000,000 baht to operate water-related businesses. and innovations related to water and submitting an application for Thai innovation account registrationwiththe National Science and Technology Development Agency To open the opportunity to trade with large customers in the future.
MoreDanEntertainment(51%subsidiary(“MDE”) to operate a business to entertainment activities, concerts, events, etc. registered a joint venture to establish More Money Entertainment Co., Ltd. with the purpose of organizing the Rolling Loud Thailand
filed a lawsuit against May Plus 2005 and MN Pure Life with a total value of 879,147,884 baht because the parties have breached the contract to buy and sell products. Pyrolusite water filter mineral dated July 5, 2020 by using pyrolusite mineral to sell to other people and do not ship pyroloxide water filter minerals according to the company The order was processed on time.
Termination of personnel management contract Due to the uncertainty regarding the severance pay under the labor law to employees in the USO NET project at the end of all employment contracts. if the company Having to bear such expenses will make it not worth the income that the company Obtained from the implementation of the past USO NET project.
Approved the allocation of newly issued ordinary shares in the amount of 300,000,000 shares to be offered at a specific person Mr. Ummarit Klomchitcharoen who is a connected person and has approved a waiver from making a tender offer Tender offer for all securities of the business by virtue of the resolution of the shareholders' meeting,holding total shares 1,847,800,178 shares or 25.75 percent of the total number of shares sold
| as of 30/12/22 | MORE | SERVICE | mai |
|---|---|---|---|
| P/E (X) | 2.70 | 33.90 | 54.51 |
| P/BV (X) | 1.40 | 3.10 | 2.98 |
| Dividend yield (%) | - | 1.32 | 1.14 |
| 30/12/22 | 30/12/21 | 30/12/20 | |
|---|---|---|---|
| Market Cap (MB) | 2,888.23 | 11,755.57 | 5,485.93 |
| Price (B/Share) | 0.42 | 1.80 | 0.84 |
| P/E (X) | 2.70 | 121.38 | - |
| P/BV (X) | 1.40 | 30.15 | 18.72 |
